Metro Manila’s economy grew at a slower pace of 4.9 percent in 2023 from 7.2 percent in 2022, according to the Philippine Statistics Authority.
Data released by the PSA yesterday showed the gross domestic product expansion of the National Capital Region was lower than the national growth rate of 5.5 percent in 2023.MANILA, Philippines — Metro Manila’s economy grew at a slower pace of 4.9 percent in 2023 from 7.2 percent in 2022, according to the Philippine Statistics Authority .
In terms of contribution to services in 2023, the PSA said NCR had the biggest share at 41.4 percent, followed by Calabarzon at 10.8 percent and Central Luzon at 8.3 percent. For agriculture, forestry and fishing, Central Luzon had the largest contribution through its 13.9 percent share.Get ready for the biggest price slash off TCL aircon this summerMetrobank is the Most Recommended Retail Bank in the Philippines according to The Asian Banker
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