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.
Located at the southern tip of Luzon, the province is the gateway to the south of the of the Philippines via the town of Matnog where the ferry terminal is found. Nature has showered the province with unexplored and pristine tourist attractions, boost by mountain lake cradled below Mt. Bulusan, rising at 2000 feet above sea level. Awed by the wild vegetation around it, the succulent environment of the forest and the idyllic mixture of the wildlife’s enchanting aura, foreign tourist have compared it with the cool and enthralling country of Switzerland, naming it “Switzerland of the Orient.”
Sorsogon blessed with rich reserved of aquatic resources It is the major supplier of fish food all over the Bicol mainland. By twist of fate, an amazing discovery of grandest scale surfaced. The world’s largest fish-whale shark (scientific name Rhicodon Typus) locally known as butanding shelters near the shores of the towns of Donsol and Pilar.
Sorsogon covers a total area of 2,119.01 square kilometres (818.15 sq mi) occupying the southeastern tip of the Bicol Peninsula in Luzon. The province is bordered on the north by Albay, east by the Philippine Sea, south by the San Bernardino Strait, and west and northwest by the Ticao and Burias Passes. The Sorsogon Bay lies within the central portion of the province.
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)
Sorsogon 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