LAGUNA logged the largest share in terms of gross value added (GVA) of Industry in 2022 among provinces and highly urbanized cities (HUCs) in the Philippines, according to the Philippine Statistics Authority (PSA).
The PSA published on Monday the results of the Provincial Product Accounts (PPA) of the 16 pilot regions outside Metro Manila which covered 82 provinces and 17 HUCs from November to December 2023.
Laguna had the largest share of GVA at 10.4%, followed by Cavite at 6%, and then Batangas at 5.8%.
Meanwhile, the PPA also showed that in 2022, the province of Nueva Vizcaya recorded the fastest annual growth in GVA of Industry at 27.3%, higher than the national growth rate of 6.5%.
This was followed by Sorsogon, 18.7%; Zambales, 17.3%; and Masbate, 16.6%, the PSA said. — Paolo D. Mendoza