SunStar
+ May 01, 2021 CORDILLERA Administrative Region’s (CAR s) gross regional domestic product (GRDP) dipped to 9.9 percent due to Covid-19.
From the P321.7 billion posted in 2019, the Philippine Statistics Authority (PSA–CAR) revealed the region’s GRDP was only at P289.9 billion in 2020.
Services Sector contributed around P191.33 billion or 66 percent, while the industry sector had P69.58 billion (24 percent) with agriculture, forestry and fishing contributing around P29 billion (10 percent).
Stephanie Christiansen, National Economic and Development Authority (Neda-CAR) officer-in-charge regional director, said Cordillera’s economy was already growing between 2017 and 2019, however, the Covid-19 pandemic disrupted the growth in 2020.
“Like the national economy that contracted a -9.6 percent, our regional economy was even more affected, registering a -9.9 percent in regional gross output. Two of our biggest growth drivers suffered the most signific