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Albay Economy Records 6.8 Percent Increase in 2022

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The economy of Albay posted a growth of 6.8 percent in 2022, which decelerated from 4.4 percent in the previous year. The Gross Domestic Product (GDP) of the province was valued at PhP 145.13 billion in 2022, higher by 1.00 percent compared to the 2019 pre-pandemic GDP level. (Figure 1).Figure 1.… more