Region 12. Map courtesy of Google KORONADAL CITY (MindaNews / 12 May) – The economy of Region 12 or Soccsksargen Region grew by 1.4 percent to 6.6 percent in 2022 from 5.2 percent the previous yea…
KORONADAL CITY – The economy of Region 12 or Soccsksargen Region grew by 1.4 percent to 6.6 percent in 2022 from 5.2 percent the previous year, data from the Philippine Statistics Authority showed.
Services had the largest share in the regional economy at 48.9 percent in 2022, slightly higher than its 47.0 percent share in 2021.Agriculture, forestry, and fishing contributed 26.4 percent to the region’s total economic output in 2022, lower than its 27.6 percent share in 2021. Per capita GRDP in Soccsksargen Region was estimated at Php112,229 in 2022, about 5.0 percent higher from the previous year and 59.3 percent lower than the national per capita GDP of Php178,751, PSA-12 data showed.
Cambridge Dictionary defines GDP per capita as the total value of all the goods and services produced by a country in a particular year, divided by the number of people living there.
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