NorMin’s Gross Capital Formation Posts Highest Growth in the Region in 2023
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On the demand side, the Gross capital formation of Northern Mindanao recorded the highest growth of 8.5 percent in 2023. It was followed by Household final consumption expenditure (HFCE) which grew by 5.7 percent. Government spending in the region…
Imports of Goods and Services Record the Largest Spending Increase of 17.0% in 2021
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With the recorded increase in Northern Mindanao`s GRDP, all major expenditure items recorded an increase in 2021 except exports of goods and services which declined by 4.9 percent.
Northern Mindanao Still Records the Highest Expansion of Government Spending in 2020
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With the recorded decline in Northern Mindanao’s GRDP, all major expenditure items recorded declines in 2020 except Government final consumption expenditure (GFCE).
Northern Mindanao Records the Highest Expansion of Government Spending in 2019
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The economy of the region expanded by 5.9 percent in 2019. At the expenditure side, the region topped in terms of growth rate in government spending at 19.2 percent.
