Northern Mindanao’s exports of goods and services to Rest of the World rebounded from a decline of 4.9 percent in 2021 to 18.2 percent growth in 2022. All major expenditure items recorded an increase in 2022 with imports of goods and services from Rest of the World posting the fastest with 29.8 percent. Gross capital formation grew by 10.0 percent, Household final consumption expenditure, 8.4 percent; and Government final consumption expenditure, 3.9 percent.

Northern Mindanao, Growth Rates by Expenditure Item: 2021 - 2022

                                               Source: Philippine Statistics Authority

Real per capita HFCE increased by 7.2 percent in 2022. The real per capita HFCE in the region was recorded at PhP 101,809 in 2022, lower by 22.0 percent from the national level real per capita HFCE of PhP 130,590.

Per Capita Household Final Consumption Expenditure: Northern Mindanao Region
At Constant 2018 Prices, in Pesos, 2020 to 2022    

                                                               Source: Philippine Statistics Authority

(SGD.) JANITH C. AVES, CE, DM
(Chief Statistical Specialist)
Officer-in-Charge