Ilocos Region ranks 5th in terms of GRDP in 2016

By JOANNA DIAZ SABADO

SAN FERNANDO CITY, May 15 (PIA) – Ilocos Region posted a 3 percent increase in Gross Regional Domestic Product (GRDP) from 5.4 percent in 2015 to 8.4 percent in 2016, making the region the fifth fastest growing economy nationwide.

This was reported by Director Socrates Ramores of the Philippine Statistics Authority-Region 1 during the simultaneous news conference in all 17 regions recently.

“Our region’s economy in 2016 was above the national target of 6.9 percent economic growth,” Ramores said.

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