The economy of Region X grew by 5.9 percent in 2019, slower compared to the 7.1 percent growth recorded in 2018.
The main drivers for growth in 2019 were Wholesale and retail trade, repair of motor vehicles and motorcycles (contribution of 1.9 percentage points), Construction (contribution of 0.7 percentage point), and Education with a contribution of 0.6 percentage point. (Table 1)
| Industry | Growth Rate2018-2019 | Contribution to Growth2018-2019 |
| (in %) | (in percentage points) | |
| Agriculture, forestry, and fishing | 1.5 | 0.4 |
| Industry | 3.8 | 0.9 |
| 01. Mining and quarrying | -12.2 | -0.1 |
| 02. Manufacturing | 1.5 | 0.2 |
| 03. Electricity, steam, water and waste Management | 2.4 | 0.1 |
| 04. Construction | 8.4 | 0.7 |
| Services | 8.5 | 4.6 |
| 01. Wholesale and retail trade; repair of motor vehicles and motorcycles | 7.3 | 1.9 |
| 02. Transportation and storage | 6.5 | 0.2 |
| 03. Accommodation and food service activities | 7.7 | 0.2 |
| 04. Information and communication | 3.8 | 0.1 |
| 05. Financial and insurance activities | 8.4 | 0.3 |
| 06. Real estate and ownership of dwellings | 6.9 | 0.3 |
| 07. Professional and business services | 5.7 | 0.1 |
| 08. Public administration and defense; compulsory social activities | 19.2 | 0.5 |
| 09. Education | 18.7 | 0.6 |
| 10. Human health and social work activities | 6.1 | 0.1 |
| 11. Other services | 13.7 | 0.1 |
| Gross Regional Domestic Product | 5.9 | 5.9 |
Growth Rate 2018-2019 (in percent) and Contribution to Growth 2018-2019 (in percentage point), At Constant 2018 Prices
Services recorded the fastest growth of 8.5 percent among the major industries. Public administration and defense; compulsory social activities had the fastest increase of 19.2 percent, followed by Education with an increase of 18.7 percent and Other Services with 13.7 percent. (Table 1)
Industry also grew by 3.8 percent with Construction as the fastest growing sub-industry with a recorded growth of 8.4 percent. On the other hand, Mining and Quarrying suffered a contraction of 12.2 percent. (Table 1)
Agriculture, forestry, and fishing also grew by 1.5 percent. (Table 1)
| Gross Regional Domestic Product | 100.0 | 100.0 | 100.0 |
Among the sub-industries, the three biggest sub-industries in 2019 were the following: Wholesale and retail trade; repair of motor vehicles and motorcycles with a share of 27.0 percent, followed by Agriculture, forestry, and fishing accounting for 20.3 percent, and Manufacturing with a share of 11.0 percent. (Table 2)
Per Capita GRDP
The value of the economic output accounted for each person in the region is described by per capita GRDP. Per capita GRDP in Region X increased by 4.5 percent recording a value of PhP 175,373 in 2019.
Region 10 vis-à-vis Other Regions
Region 10 was the ninth fastest growing regional economy in the Philippines in 2019.
It was one of the eleven regional economies which posted a growth rate lower than the national growth rate of 6.0 percent. (Figure 1)
Growth Rates 2018-2019, At Constant 2018 Prices
By sub-industry, the region recorded the highest increase in Public administration and defense; compulsory social activities among the 17 regions. Likewise, the region ranked first in terms of growth rate in Professional and Business Services. Moreover, the region recorded the second highest increase in Real Estate and Ownership of Dwellings, and third in Education. (Table 3)
| Industry | Growth Rate2018-2019 | 2019 National Ranking |
| (in %) | ||
| Agriculture, forestry, and fishing | 1.5 | 8th |
| Industry | 3.8 | 8th |
| 01. Mining and quarrying | -12.2 | 15th |
| 02. Manufacturing | 1.5 | 11th |
| 03. Electricity, steam, water and waste management | 2.4 | 15th |
| 04. Construction | 8.4 | 5th |
| Services | 8.5 | 8th |
| 01. Wholesale and retail trade; repair of motor vehicles and motorcycles | 7.3 | 11th |
| 02. Transportation and storage | 6.5 | 8th |
| 03. Accommodation and food service activities | 7.7 | 8th |
| 04. Information and communication | 3.8 | 15th |
| 05. Financial and insurance activities | 8.4 | 17th |
| 06. Real estate and ownership of dwellings | 6.9 | 2nd |
| 07. Professional and business services | 5.7 | 1st |
| 08. Public administration and defense; compulsory social activities | 19.2 | 1st |
| 09. Education | 18.7 | 3rd |
| 10. Human health and social work activities | 6.1 | 9th |
| 11. Other services | 13.7 | 8th |
| Gross Regional Domestic Product | 5.9 | 9th |
Growth Rates 2018-2019 (in percent) and National Ranking
At Constant 2018 Prices
In terms of the percentage share to the Philippine economy, Northern Mindanao had the seventh biggest share to the Philippine economy at 4.5 percent. (Figure 2) Moreover, Region X contributed 0.3 percentage point to the Philippine economic growth of 6.0 percent in 2019, making it the seventh biggest contributor to the GDP growth.
