The economy of the Bicol Region expanded to 5.7 percent in 2016, slower than the 8.9 percent growth recorded in 2015. Industry and Services spurs the region’s economy albeit recording decelerated growths.
After cutting through the thick rainforest of Quezon Province going south, Camarines Norte is the first Bicol province to be reached, about 300 kilometers from Manila. Camarines Norte is blessed with a dense rainforest, habitat of numberless variety of wildlife. It is used to be the home of a big group of Agtas(Negritos), the country's early aborigines. The Spanish colonization in Luzon of 1571 drove this peace-loving little people to move to higher levels of woodland.
Drawn by the rumor of immense deposit of gold found in Camarines Norte at the towns of Mabulao, and Paracale, the Spaniards mastered in exploring the gold mining potential. Today, it stayed as a signature industry of the province. More magical in Camarines Norte is the large unshaken pineapple plantation. Capitalizing on this viable product, the people formed an enchanting yearly celebration called Pineapple Festival every May to express their gratitude to this
God-given bounty, making a powerful show of unity towards the prosperous industry. Travelers can easily purchase these sweet pineapple stalls brightly along the Pan-Philippine Highway before the capital town of Daet.
Provincial Statistical Figures
|Price Indices||Jan 2016|
|Consumer Price Index (2006=100)||146.80|
|Purchasing power of the peso||0.68|
|Domestic Trade||2nd Qtr 2015|
*(Quantity in thousand tons; value in P1,000)
Camarines Norte Statistical News
In order to promote awareness on the Civil Registration Month Celebration, RSSO V solicited support and participation from partner agencies through display of streamers in the conspicuous area of their respective offices. Most of the agencies answered the request and... Read more about Government Agencies Supports Civil Registration Month
The total family income in Bicol Region for the year 2003 reached P90.3 billion at constant 2000 prices. This figure accounted for a 4.3 percent share to the country's total family income generated in 2003. Within the 3-year span, the region's total family income... Read more about Bicol Region's Family Income Reaches 90.3B
Bicol Region’s economy expanded by 9.4 percent in 2013, the fastest growth among regions of the country. All sectors performed well with Services turning in the strongest performance.
Services remained the biggest contributor to Bicol’s economy accounting for... Read more about Bicol Region Records Fastest Economic Growth in 2013
The National Statistical Coordination Board, Regional Statistical Coordination Unit V is an awardee of the Bangko Sentral ng Pilipinas (BSP) in recognition as source of information for regional economic developments under the category “Outstanding Information Support... Read more about Poverty Incidence in the Bicol Region Hardly Improved in 2009
The latest poverty statistics released by the National Statistical Coordination Board (NSCB) reveals that in Bicol Region, 36 in every 100 families in 2009 were poor. This translates to about 45 in every 100 individuals. Poverty situation in the region hardly changed... Read more about Poverty Incidence in the Bicol Region Hardly Improved in 2009
The Regional Statistical Coordination Committee (RSCC) Region V approved, in its August 9, 2007 meeting, the poverty maps of the Province of Sorsogon. The poverty maps were prepared by the Provincial Planning and Development Office of Sorsogon with technical... Read more about RSCC 5 Approves Sorsogon Poverty Maps