Caraga’s Economy Surges with 6.9% Growth in 2024
Caraga: The economy of Caraga Region expanded by 6.9 percent in 2024, a significant increase from the 4.8 percent growth recorded the previous year, according to the Philippine Statistics Authority (PSA). According to Philippines News Agency, in a report released Thursday, PSA 13 (Caraga) valued the region’s economy at PHP362.8 billion in 2024. The growth was primarily driven by the professional and business services sector, which contributed 14.5 percent to the region’s growth. Accommodation and food service activities followed closely, contributing 13.6 percent, while the construction industry added 11.9 percent. ‘This growth positioned Caraga as the second fastest-growing regional economy