The Gross Regional Domestic Product (GRDP) of  Bicol Region dropped to 517.5 billion pesos in 2020 from 564.9 billion pesos in 2019, slightly lower than the 2018 GRDP of 522.0 billion pesos.In 2020, the 8.4 percent decline translates to an economic…

The economy of the Bicol region posted a 5.1 percent growth in 2017, albeit slightly slower thanthe 5.5 percent growth recorded in 2016.Services and Agriculture, Hunting, Forestry, and Fishing contributed mainly to the growth of theregion in 2017.…

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.Services remained the largest contributor to…

The economy of the Bicol Region accelerated to 8.4 percent in 2015, almost double its pace in 2014. Consequently, the region topped in terms of growth among other regions nationwide. Industry accelerated faster than Services, but both boosted the…

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…