Looking Back: Growth Diverges Across Philippine Regions In 2023

Looking back, the Philippines’ GDP grew by 5.5% in 2023, with Central Visayas and Western Visayas leading the pack, outperforming the national average and demonstrating resilience amid economic challenges. These regions, along with Northern Luzon, fueled the country’s economic growth, driven primarily by the robust services sector.

A publication of the School of Economics, University of Asia and the Pacific, Philippines

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