Economic Situationer Central Visayas 2012

SECTORAL SHARE OF GRDP

2012 Performance Central Visayas economy grew faster in 2012 with impressive performances of key industries: tourism business process outsourcing retail trade … and positive performance of exports construction

7.9 % 12.5 % fastest in 2010 second fastest in % fastest in 2011 Top 5 in Central Visayas (VII) – 12.5% 2.CALABARZON (IVA) – 11.1% 3.Central Luzon (III) – 10.7 % 4.Metro Manila (NCR) – 7.6% 5. CARAGA (XIII) – 7.4% Top 5 in CARAGA (XIII) – 9.6 % 2.Central Visayas (VII) – 7.9% 3.Central Luzon (III) – 7.5 % 4.Western Visayas (VI) – 5.5 % 5. Cagayan Valley (II) – 5.4 % GRDP Growth Rate Central Visayas is among the fastest growing regions in PHL

Tourism expanded further ASEAN Summit Global Financial Crisis Percentage Increase in Total Visitor Arrivals: Central Visayas Source: DOT Regional Office 7

Revenues in BPO surged 333.6M M M 27.2 % 21.8 %

Retail trade benefited from booming tourism & BPO industries Opening up of new shopping malls Manila-based retailers setting up shop (i.e. Seven-eleven and Mini Stop) Expansion projects of SM and Ayala Center

Construction sector upbeat Indicator Number of Projects TotalBoholCebu Negros Or. Siquijor ,0973,7026,2223, ,1393,3046,3753, Net Addition 42(398) Number of New Construction Projects Source: National Statistics Office

Exports turned in positive performance Value of Exports and Imports January to July: 2011 & 2012 Source: National Statistics Office Trade Indicator Value (FOB in Million US Dollars) Percent Inc/(Dec) TOTAL2, , Import1, , Export1, , Balance of Trade

Challenges Agriculture was not able to sustain growth in 2011 Better performance of the economy did not make a significant impact on labor market  employment rate lower for most part of 2012  underemployment slightly up; breaching 20 percent mark in 2012 Central Visayas’ inflation rate was highest among the regions in the country at 5.1%

Good Day!