The economy of Camiguin grew by 11.0 percent in 2023, continuing its upward trend from the previous years, with growth rates of 4.7 percent in 2021 and 8.0 percent in 2022. This is also the fastest growth among the economies in Northern Mindanao in 2023. The province's Gross Domestic Product (GDP) is estimated at PhP 12.33 billion. (Figure 1)

Figure 1. Gross Domestic Product of Camiguin
In Terms of Levels (in Billion PhP) and Growth Rate (in Percent)
At Constant 2018 Prices, 2021 to 2023

                Source: Philippine Statistics Authority

In terms of economic size, Camiguin was the smallest economy in the region, contributing 1.3 percent to Northern Mindanao's economy in 2023 valued at PhP 984.75 billion (Figure 2)

Figure 2. Gross Regional Domestic Product, by Province/HUC
In Terms of Share to GRDP (in Percent)
At Constant 2018 Prices, 2023

                Notes: Details may not add up due to rounding.
                Source: Philippine Statistics Authority

Full data series, charts, and data visualizations of the results of the Provincial Product Accounts (PPA) of Camiguin 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.)FRANCISCO C. GALAGAR Jr.
Chief Statistical Specialist