The Gross Domestic Product (GDP) of all the provinces in Cagayan Valley posted positive growth in 2023 compared to their levels in 2022. Batanes led the five economies in the region in terms of economic performance with a double-digit growth of 14.5 percent. This was followed by Nueva Vizcaya and Cagayan with growths of 8.7 percent and 7.2 percent, respectively. These three provinces recorded growth rates higher than the regional economic expansion rate of 6.2 percent. (Figure 1) 
 

Figure 1. Economic Performance of Provinces in Cagayan Valley 
In Terms of Growth Rate (in Percent), 2022 to 2023 
At Constant 2018 Prices 

In terms of share to the regional economy, Isabela had the largest share at 44.2 percent, followed by the Province of Cagayan at 35.7 percent share. These two economies accounted for more than three quarters of the PhP 447.07 billion GDP value of the region. (Figure 2)

Figure 2. Percent Share of Provinces to Cagayan Valley’s GDP 
At Constant 2018 Prices, 2023 

Complete statistical tables, charts, and data visualizations on the PPA results of Cagayan Valley can be accessed at psa.gov.ph/statistics/ppa. Results of the PPA are also released by the respective provincial offices of the PSA through rsso02.psa.gov.ph/statistics/ppa.

DIVINA GRACIA L. DEL PRADO, PhD 
Assistant Secretary 
Deputy National Statistician 
Sectoral Statistics Office