Among the 16 industries, the fastest growth was seen in Public administration and defense; compulsory social security which grew by 15.2 percent. This was followed by Accommodation and food service activities with 13.6 percent growth and Financial and insurance activities with 12.0 percent growth. In contrast, Manufacturing and Mining and quarrying industries recorded declines of 7.4 percent and 2.8 percent, respectively. (Figure 1)

Figure 1. Economic Performance of Bukidnon, by Industry
In Terms of Growth Rate (in Percent), 2022 to 2023
At Constant 2018 Prices

Source: Philippine Statistics Authority

In Northern Mindanao, Bukidnon ranked as the second largest economy, accounting for 26.2 percent of the Gross Regional Domestic Product in 2023. (Figure 2)

Figure 2. Gross Regional Domestic Product, by Province and HUC
In Terms of Share, 2023
At Constant 2018 Prices

Notes:

Values for Lanao del Norte and Misamis Oriental exclude values for City of Iligan and
City of Cagayan de Oro, respectively.
Details may not add up due to rounding.
Source: Philippine Statistics Authority

Full data series, charts, and data visuals of the results of the Provincial Product Accounts (PPA) of Bukidnon can be accessed at the PPA landing page of the Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and the PSA regional website (rsso10.psa.gov.ph/statistics/ppa).

(SGD.) MARIA EVANGELINE N. NON
Chief Statistical Specialist