The economy of Pangasinan grew by 6.3 percent in 2023 compared to the 2022 levels, amounting to PhP 375.31 billion. This was slower than the 7.4 percent growth posted in the previous year. (Figure 1)

Of the 16 industries, major contributors to the growth of the province were Construction with 1.2 percentage points, Wholesale and retail trade; repair of motor vehicles and motorcycles with 0.8 percentage point, and Manufacturing with 0.6 percentage point. (Table 1)

In terms of share to the GDP of the province, Agriculture, forestry, and fishing accounted for the largest share with 18.5 percent. This was followed by Wholesale and retail trade; repair of motor vehicles and motorcycles, and Construction with 16.8 percent and 11.9 percent shares, respectively. (Figure 2)

The province is predominantly Services-based, with Services accounting for the largest share or 51.8 percent of the province’s GDP. (Figure 3)

The per capita GDP of Pangasinan registered a 5.5 percent growth in 2023 from its 2022 levels, valued at PhP 117,614.

The Philippine Statistics Authority (PSA) was established through Republic Act No. 10625, otherwise known as the Philippine Statistical Act of 2013, and is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and sub-national levels.

The Provincial Product Accounts (PPA) has been the mechanism of the PSA to compile the annual estimates of Gross Domestic Product by province and highly urbanized city, consistent with the Regional and National Accounts of the Philippines.

Full data series, charts, and data visuals of PPA Ilocos Region can be accessed at the PPA landing page of the PSA (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso01.psa.gov.ph/statistics/ppa).

EDGAR M. NORBERTE
Chief Statistical Specialist
Pangasinan Provincial Statistical Office