All provinces and Highly Urbanized Cities (HUCs) in Central Visayas continued to expand in 2022, with City of Lapu-Lapu recording the fastest growth of 13.2 percent. The two other HUCs, City of Mandaue and City of Cebu also posted growths faster than the regional growth of 7.6 percent. (Figure 1)
Figure 1. Economic Performance of Provinces and HUCs, Central Visayas
Growth Rates (in Percent), 2021 to 2022
At Constant 2018 Prices
Of the total PhP 1.29 trillion value of the regional GDP in 2022, the province of Cebu had the biggest share of 30.1 percent. This was followed by City of Cebu and Bohol, with respective shares of 22.4 percent and 13.3 percent. On the other hand, Siquijor had the smallest share of 0.9 percent to the total value. (Figure 2)
Figure 2. Share of Provinces and HUCs to Central Visayas' GDP
At Constant 2018 Prices: 2022 (in Percent)
Cebu province accounted for 42.2 percent of the PhP 84.01 billion total value of Agriculture, forestry and fishing (AFF) of the region. This was followed by provinces of Negros Oriental and Bohol, with respective shares of 29.7 percent and 23.8 percent. (Table 1)
Similar to AFF, Cebu also accounted for the biggest share to the total Industry at 37.0 percent. The City of Lapu-Lapu and the City of Mandaue recorded the second and third biggest shares of 26.4 percent and 11.6 percent, respectively. (Table 1)
City of Cebu and Cebu accounted for more than half of the PhP 892.73 billion total value of Services of the region. City of Cebu and Cebu had shares of 28.9 percent and 26.6 percent, respectively. (Table 1)
Table 1. Share of Provinces and HUCs to Central Visayas' Major Industry
At Constant 2018 Prices: 2022
In 2023, the Provincial Product Accounts (PPA) compilation covers 82 provinces and 17 HUCs across 16 regions in the country. The results covering the period 2018 to 2022 were consistent with the annual regional accounts released on 27 April 2023.
Complete statistical tables, charts and data visuals on the PPA of Central Visayas 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 rsso07.psa.gov.ph/statistics/ppa.
DIVINA GRACIA L. DEL PRADO, PhD
Assistant Secretary
Deputy National Statistician
Sectoral Statistics Office
