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.
The City of Masbate (Bikol: Syudad nin Masbate; Cebuano: Dakbayan sa Masbate; Hiligaynon: Dakbanwa sang Masbate; Tagalog: Lungsod ng Masbate) is a third class city in the province of Masbate, Philippines. It is the only city in the province, that serve as its City Provincial Capital. It also serves as the main commercial center and the chief seaport of the Province of Masbate. It is noted for its well-protected port with Ticao Island acting as barrier against the effect of inclement weather from the northeast.
Being located at the central part of the Philippine archipelago, the city serves as Bicol Region’s gateway to Visayas and Mindanao provinces. It is accessible through sea and air transportation. The City of Masbate is one of the major cities in the Bicol Region.The city domain is bounded on the northeast by Masbate Pass; on the southwest by the municipality of Milagros and on the northwest by a portion of Asid River and the municipalities of Milagros and Baleno.
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)
Masbate 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