The economy of Isabela grew by 4.6 percent in 2023 from a 6.4 percent growth in the previous year. This represents an increase in the value of Gross Domestic Product (GDP) from PhP 188.82 billion in 2022 to PhP 197.55 billion in 2023. (Figure 1)

Among the 16 industries, the top three fastest growths were observed in Construction, with 15.9 percent, followed by Accommodation and food service activities with 14.8 percent, and Other Services with 13.0 percent. On the other hand, Mining and quarrying declined by 10.9 percent.  (Figure 2)
 

Full data series, charts, and data visuals of the results of the Provincial Product Accounts (PPA) of Isabela can be accessed at the PPA landing page of the Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso02.psa.gov.ph/statistics/ppa/dashboard).

JULIUS M. EMPERADOR
Chief Statistical Specialist
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