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Among Major Industries, Services of Ilocos Norte and Ilocos Sur Post Double-Digit Growth in 2023

Release Date:
Reference Number: 2024-SSO-161

 

The Gross Domestic Product (GDP) of all the provinces in the Ilocos Region posted economic growths in 2023 from their levels in 2022, with Ilocos Norte recording the fastest growth at 8.6 percent. This was closely followed by Ilocos Sur at 8.5 percent. All provincial economies except Pangasinan registered growth rates higher than the regional GDP growth rate of 7.1 percent in 2023. (Figure 1)

 

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

Economic Performance of Provinces in Ilocos Region


In terms of major industries, Ilocos Norte and Ilocos Sur posted double digit growth in Services with 11.6 percent and 10.2 percent, respectively. The fastest growth in Industry was recorded in Ilocos Sur at 7.7 percent, followed by Pangasinan at 7.4 percent. Meanwhile, in Agriculture, forestry, and fishing, Ilocos Norte registered the fastest growth at 3.9 percent. Ilocos Sur and Pangasinan followed with 3.5 percent and 3.4 percent growth, respectively. (Figure 2)


Figure 2. Economic Performance of Provinces by Major Industry 
In Terms of Growth Rate (in Percent), 2021 to 2023 
At Constant 2018 Prices

Economic Performance of Provinces by Major Industry


Complete statistical tables, charts, and data visualizations on the PPA results of Ilocos Region 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 rsso01.psa.gov.ph/statistics/ppa.

 

 

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

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