(Economy decelerates ) Region 9 now 16th among 17 regions Print
Saturday, 28 April 2018 15:01

By RG Antonet Go

The economy of Region 9 has decelerated by 2.3% due to a slump in the construction and fishing sectors, based on data gathered by the Philippine Statistics Authority (PSA) and the National Economic Development Authority (NEDA).

Of  the 17 regions, Region 9’s ranking dropped from number 12 in 2016 to number 16 or the second to the last in 2017.

“It means that the economy was growing except that it was not as fast as what we had last year,” explained Dr. Mewchun W.S. Pamaran, PSA-9 Regional Director.

The Agriculture, Hunting, Forestry and Fishing (AHFF) sectors decelerated from 17.9% in 2016 to 17.4% in 2017.

The Industry sector also decelerated from 39% in 2016 to 37.8% in 2017.  The Industry sector is composed of mining, quarrying, manufacturing, construction, electricity, gas and water supply.

The service sector, on the other hand, accelerated from 43.1% in 2016 to 44.8% in 2017. The sector is composed of transportation, storage, communication, trade, repair of motor vehicles, personal and household goods, financial intermediation, real estate, renting, public administration and defense, compulsory social security and other services.

Despite an ongoing implementation of infrastructure projects, construction decelerated from 12.4% to 11% while the fishing sector also went down from 5.7% to 5%.

On the region’s ranking, National Economic Development Authority (NEDA) Regional Director Teresita Socorro Ramos said, “ Hindi tayo nakikipag-compete sa ibang region kasi iba ang sitwasyon ng ibang region.  Nakikipag-compete tayo sa sarili natin.  We are trying to be better than our previous performance.”

“It’s still a growth.  Pag negative tayo, yun ang delikado.  Nag-grow siya (referring to the economy) but not as fast as before,” Pamaran stressed.  (RGAAGo)