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Economic Situationer Central Visayas 2012. SECTORAL SHARE OF GRDP.

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Presentation on theme: "Economic Situationer Central Visayas 2012. SECTORAL SHARE OF GRDP."— Presentation transcript:

1 Economic Situationer Central Visayas 2012

2 SECTORAL SHARE OF GRDP

3 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

4 7.9 % 12.5 % fastest in 2010 second fastest in 2011 9.6 % fastest in 2011 Top 5 in 2010 1.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 2011 1.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

5 Tourism expanded further ASEAN Summit Global Financial Crisis Percentage Increase in Total Visitor Arrivals: Central Visayas 2006- 2012 Source: DOT Regional Office 7

6 Revenues in BPO surged 333.6M 424.2 M 516.8 M 27.2 % 21.8 %

7 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

8 Construction sector upbeat Indicator Number of Projects TotalBoholCebu Negros Or. Siquijor 2011 13,0973,7026,2223,037136 2012 13,1393,3046,3753,314146 Net Addition 42(398)15327710 Number of New Construction Projects 2011- 2012 Source: National Statistics Office

9 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) 20112012 Percent Inc/(Dec) TOTAL2,213.543,855.6874.2 Import1,012.391,649.6262.9 Export1,201.152,206.0683.7 Balance of Trade188.76556.44-

10 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%

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13 Good Day!


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