Surigao del Norte’s Economy Posts 4.8 Percent in 2022

The Gross Domestic Product (GDP) of Surigao del Norte, estimated at PhP 78.38 billion, posted a growth of 4.8 percent in 2022. This is slower than the 7.4 percent growth recorded in the previous year. (Figure 1)

Among the major industries, Services and Industry posted growths of 9.0 percent and 2.1 percent, respectively. Meanwhile, Agriculture, forestry and fishing declined by 14.7 percent. In terms of industries, Construction, Transportation and storage, and Accommodation and food service activities recorded the fastest growths of 29.1 percent, 14.1 percent, and 13.7 percent, respectively. (Table 1)
 

In terms of performance of the province vis-à-vis other economies in Caraga,  Surigao del Norte registered a GDP growth rate of 4.8 percent, slower than the region’s economic growth of 5.9 percent. Meanwhile, City of Butuan registered the fastest growth rate of 9.5 percent, followed by Surigao del Sur with 6.9  percent,  and Agusan del Sur with 6.8 percent, all of which are faster than the region’s economic growth in 2022. (Figure 2)

Moreover, Surigao del Norte was the biggest economy in the region in 2022, accounting for 24.2 percent of the  region’s  economy.  Agusan  del  Sur  and  Surigao del Sur followed with 22.9 percent and 19.5 percent, respectively. (Figure 3)

The Philippine Statistics Authority (PSA) established through Republic Act No. 10625, otherwise known as the Philippine Statistical Act of 2013, is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and subnational level.

The Provincial Product Accounts or PPA has been the mechanism of the PSA to compile the annual estimates of Gross Domestic Product by province/HUC, consistent with the National and Regional Accounts of the Philippines. In 2023, all provinces and HUCs of Caraga started to implement the PPA, together with other pilot regions. As of 2023, there are a total of 82 provinces and 17 HUCs compiling the PPA.

Full data series, charts, and data visuals of PPA Caraga can be accessed at the PPA landing page of the PSA (psa.gov.ph/statistics/ppa), and the PSA Regional website (rssocaraga.psa.gov.ph/statistics/ppa).

(Sgd.)GUILLERMO M. LIPIO, JR.
Chief Statistical Specialist