Baguio City is Fastest Growing Economy in Cordillera, Followed by Kalinga

Photo Courtesy || Csharp Production

Cordillera - In a remarkable economic surge, Baguio City has emerged as the frontrunner in the Cordillera Administrative Region's (CAR) thriving economy. 

The latest data reveals that in 2022, all provinces and Highly Urbanized Cities (HUCs) in CAR experienced growth, with Baguio City leading the pack with an impressive 11.3 percent growth rate. 

Following closely were Kalinga and Abra, boasting growth rates of 9.3 percent and 9.2 percent, respectively.

The economic landscape of CAR, with a total value of PHP 337.66 billion, witnessed Baguio City dominating with a substantial 45.9 percent share. 

Benguet and Kalinga secured the second and third spots with 23.3 percent and 8.0 percent shares, respectively.

Breaking down the economic sectors, the agriculture, forestry, and fishing sector in CAR reached PHP 28.12 billion, with Benguet leading with a substantial 44.5 percent share. 

In terms of industry, the region reported PHP 83.90 billion, and Baguio City emerged as a juggernaut, contributing 49.1 percent to the region's industrial output. 

The service sector, totaling PHP 225.64 billion, also saw Baguio City taking the lead with a commanding 50.0 percent share.

Looking ahead to 2023, the Provincial Product Accounts (PPA) compilation is set to encompass 82 provinces and 17 HUCs across 16 regions in the Philippines. 

These promising economic indicators highlight Baguio City's pivotal role in steering CAR's economic growth and position it as a key player in the national economic landscape.