The economy of the province of La Union grew by 7.3 percent in 2023 from its level in 2022. As measured by the Gross Domestic Product, 
the economy of the province was estimated at PhP 127.23 billion in 2023 as compared with the PhP 118.61 billion recorded in 2022. (Figure 1)

In terms of growth rate, the top three fastest growing industries among the 16 industries were: Transportation and storage with 22.2 percent growth, Accommodation and food service activities with 20.1 percent growth, 
and Other services with 16.5 percent growth. On the other hand, 
Mining and quarrying posted a decline of 3.5 percent. (Figure 2)

Full data series, charts, and data visuals of the results of the 
Provincial Product Accounts (PPA) of La Union can be accessed at the PPA landing page of the Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso01.psa.gov.ph/statistics/ppa).

SGD. DANITES E. TEÑIDO, PhD 
Chief Statistical Specialist