An estimated 43.5 million people live in Visayas and Mindanao. This population, together with the government and private sectors, help maintain the regions’ average contribution of 27.3% of Philippine GDP. While the combined GDP of these regions grew by 7.8% from 2013 to 2015, opportunities exist and can be maximized for these regions to reach their investment and development goals.
In line with the government's strategy to rebalance growth and development opportunities across regions, sectors and socioeconomic groups, Building Better VisMin features six investment hotspots in Visayas and Mindanao. The study highlights key initiatives, focus industries and investment opportunities supported by the national and local government units.
* GRDP CAGR for a two-year period
GDP Gross Domestic Product, GRDP Gross Regional Domestic Product, CAGR Compound Annual Growth Rate, PPP Public-Private Partnership, Ro-Ro Roll-on/roll-off
Sources: Philippine Statistics Authority (PSA), National Statistical Coordination Board (NSCB), PwC analysis, Philippine Economic Zone Authority (PEZA), Public-Private Partnership Center of the Philippines (PPPC), World Bank Group