Philippine Statistics Authority
Region XII - (SOCCSKSARGEN) 
ATTY. MAQTAHAR L. MANULON, CESO V
Regional Director 
PhilSys NoticeCRS AppointmentISOISO SargenSOCCSKSARGEN

 

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Regional Latest Publications

2022 ECONOMIC PERFORMANCE OF SOCCKSARGEN Region based on the Gross Regional Domestic Expenditure

Imports of goods and services and Gross capital formation posted the biggest growth

SOCCSKSARGEN’s Imports of goods and services from the Rest of the World posted the highest growth among the expenditure items with 12.1 percent, followed by Gross capital formation with 7.9 percent. Exports of goods and services to Rest of the World with 7.6 percent, Household final consumption expenditure (HFCE) with 6.0 percent, and Government final consumption expenditure with 1.3 percent.

 

2022 ECONOMIC PERFORMANCE OF SOCCKSARGEN Region based on the Gross Regional Domestic Product

SOCCSKSARGEN’s economy grows by 6.6 percent in 2022

The economy of SOCCSKSARGEN sustained its growth by posting 6.6 percent in 2022 from 5.2 percent growth in 2021. All the major industries, namely: Agriculture, forestry and fishing; Industry; and Services recorded positive growths in 2022. The highest growth was recorded in Accommodation and food service activities with 28.6 percent. On the other hand, Mining and quarrying and Electricity, steam, water and waste management recorded contractions with -10.8 percent and -0.4 percent, respectively.

SOCCSKSARGEN’s Headline Inflation slows down to 5.8% in April 2023

YEAR-ON-YEAR INFLATION RATES

Headline inflation rate or the annual rate of change on the prices of goods and services in the market basket for all income households in SOCCSKSARGEN Region decreased by 5.8% in April 2023 from 7.3% the previous month. This is 0.8 percentage point lower than the 6.6% national headline inflation for the current month under review.

General Santos City Headline Inflation Eases at 5.7% in April 2023

The headline inflation or the annual rate of change on the prices of goods and services in the market basket in General Santos City eased at 5.7 percent in April 2023 from last month’s inflation at 6.7 percent. This was lower than the regional and national levels at 5.8 percent and 7.9 percent, respectively. However, it was higher by 0.4 percentage points from a year ago for the same month at 5.3 percent.

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