PSA releases 2024 Provincial Product Accounts

PTVPhilippines

PSA releases 2024 Provincial Product Accounts  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00In the meantime, the Philippine Statistics Authority, or PSA, has released its 2024 Provincial Product Accounts, or PPA,

00:07detailing the economic performance of 82 provinces and 33 highly urbanized cities across the country.

00:14According to data, the services sector remains the primary driver of economic growth nationwide.

00:20The Calabarazon region stands out as the country's sole industry-based economy,

00:25while the national capital region continues its dominance with over 30 percent of the national GDP share.

00:33PSA Assistant National Statistician Mark Pascasio highlighted that recent disasters have clear impact on production,

00:41specifically pointing to a slowdown in the agriculture sector in 2024, which may affect the data for 2025.

00:48But Pascasio also noted that we still have to wait for its official report.

00:53For provinces with lower shares in the national economy,

00:56the PSA sees significant potential in tourism and economic diversification to boost local economies.

01:04This outlook is particularly optimistic for 2026, as the Philippines prepares to assume the ASEAN chairmanship.

Category

Transcript

Be the first to comment

Recommended