The economy of Misamis Occidental posted an accelerated growth of 7.4 percent in 2022, faster than the 3.9 percent growth in the previous year. This economic growth translates to a value of the province’s Gross Domestic Product (GDP) of PhP 119.38 billion. Such GDP value exceeded the pre-pandemic GDP level of PhP 114.08 billion, indicating economic recovery of the province from the negative impact brought about by the pandemic.
Mis Occ Economy Accelerates to 7.4% Growth in 2022
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The economy of Misamis Occidental expanded by 7.4 percent in 2022, faster than the recorded 3.9 percent growth in the previous year. Such growth translates to a provincial Gross Domestic Product (GDP) of PhP 119.38 billion, surpassing the pre-pandemic 2019 GDP level of PhP 114.08 billion.
Misamis Occidental’s economy rebounds, growing by 4.0 percent in 2021
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The economy of Misamis Occidental posted a growth of 4.0 percent in 2021, a rebound from -6.3 percent decline in the previous year. In 2021, the Gross Provincial Domestic Product (GPDP) of Misamis Occidental is valued at PhP 111.2 billion from the 2020 level of PhP 106.9 billion. (Figure 1)
