The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) witnessed positive economic growth across all its provinces in 2023, with Lanao del Sur emerging as the fastest-growing province. According to data released by the Philippine Statistics Authority (PSA), the region’s Gross Domestic Product (GDP) grew by 4.3 percent, with Lanao del Sur posting a remarkable 5.02 percent growth rate, followed closely by Maguindanao del Norte at 4.99 percent.
Provincial Contributions and Growth Rates
The economic performances of BARMM’s six provinces showcased significant strides in development. Lanao del Sur and Maguindanao del Norte outpaced the regional average, demonstrating their potential as economic leaders within the region.
Meanwhile, Maguindanao del Norte accounted for the largest share of BARMM’s GDP in 2023, contributing 28.0 percent. Lanao del Sur and Sulu followed with shares of 25.8 percent and 15.9 percent, respectively. These contributions underline the diverse economic bases of BARMM’s provinces, each playing a crucial role in driving regional growth.
Regional Highlights
The overall growth of BARMM highlights the region’s resilience and progress amidst various economic challenges. BARMM’s robust performance underscores the effectiveness of its local development strategies and the dedication of its communities to economic advancement.
Access to Detailed Data
The PSA provides comprehensive statistical tables, charts, and visualizations detailing the economic performance of BARMM. These resources are accessible through the PSA’s official website at psa.gov.ph/statistics/ppa and the regional PSA office portal at rssobarmm.psa.gov.ph/statistics/ppa.
For further information, inquiries can be directed to the PSA’s Sectoral Statistics Office, headed by Assistant Secretary Divina Gracia L. Del Prado, PhD.
The sustained growth in BARMM’s economy signals a promising future for the region, laying the groundwork for enhanced economic development and improved quality of life for its residents.