Economy, jobs and prices in Cagayan Valley (Region II), Philippines: official figures
The economy of Cagayan Valley produced ₱579.6 billion of goods and services in 2025 (gross regional domestic product, GRDP, at current prices), 2.1% of the Philippine total of ₱28.01 trillion; by size it ranks 5th smallest of 17 regions.
How fast is the economy of Cagayan Valley growing?
GRDP at current prices in Cagayan Valley grew 2.6% from 2024 to 2025 (₱564.9 billion to ₱579.6 billion), against 5.9% for the Philippines; it ranks 2nd slowest of 17 regions for growth. This is growth in pesos and is not adjusted for price rises.
Source: Philippine Statistics Authority · saved copyHow much has the economy of Cagayan Valley grown since 2018?
Between 2018 and 2025 GRDP at current prices in Cagayan Valley rose from ₱385.1 billion to ₱579.6 billion, an increase of 50.5%, against 53.4% nationally. The figures are not adjusted for price rises.
Source: Philippine Statistics Authority · saved copyWhat are the main industries in Cagayan Valley?
Services (trade, transport, finance, government, education, health and similar) made up 47.8% of GRDP in Cagayan Valley in 2025 (₱277.1 billion), against 64.4% for the Philippines; it ranks 2nd lowest of 17 regions by share.
Source: Philippine Statistics Authority · saved copyHow much of the economy of Cagayan Valley is industry?
Industry (manufacturing, mining, construction and utilities) made up 30.0% of GRDP in Cagayan Valley in 2025 (₱173.7 billion), against 27.0% for the Philippines; it ranks 7th highest of 17 regions by share.
Source: Philippine Statistics Authority · saved copyHow important is farming in the economy of Cagayan Valley?
Agriculture, forestry and fishing made up 22.2% of GRDP in Cagayan Valley in 2025 (₱128.9 billion), against 8.6% for the Philippines; it ranks 3rd highest of 17 regions by share.
Source: Philippine Statistics Authority · saved copyWhat is the GDP per person in Cagayan Valley?
Dividing 2025 GRDP by the 2024 census population gives about ₱153,436 of output per resident of Cagayan Valley, against ₱248,470 for the Philippines; it ranks 4th lowest of 17 regions.
Source: Philippine Statistics Authority · saved copyWhat is the unemployment rate in Cagayan Valley?
The unemployment rate in Cagayan Valley was 2.4% in 2023 (Labor Force Survey), against 4.4% for the Philippines; it ranks the lowest of 17 regions for unemployment.
Source: Philippine Statistics Authority · saved copyHow has unemployment changed in Cagayan Valley?
Unemployment in Cagayan Valley was 3.6% in 2019, jumped to 8.7% in 2020 during the first year of the pandemic and was 2.4% in 2023; nationally the rate went 5.1%, 10.3% and 4.4%.
Source: Philippine Statistics Authority · saved copyWhat is the labour force participation rate in Cagayan Valley?
64.9% of people aged 15 and over in Cagayan Valley were in the labour force (working or looking for work) in 2023, against 64.9% nationally; it ranks 7th highest of 17 regions.
Source: Philippine Statistics Authority · saved copyWhat is the underemployment rate in Cagayan Valley?
The underemployment rate in Cagayan Valley was 10.7% in 2023, meaning that share of employed people wanted more hours of work or an additional job; the national rate was 12.3% and Cagayan Valley ranks 7th lowest of 17 regions.
Source: Philippine Statistics Authority · saved copyHow many working-age people are there in Cagayan Valley?
Cagayan Valley had 2,529,900 people aged 15 and over in 2023, the working-age population measured by the Labor Force Survey; in 2014 the figure was 2,300,600.
Source: Philippine Statistics Authority · saved copyHow many households in Cagayan Valley have electricity?
96.3% of households in Cagayan Valley had electricity in the 2022 National Demographic and Health Survey, against 94.8% nationally; it ranks joint 7th highest of 17 regions.
Source: Philippine Statistics Authority and ICF (The DHS Program) · saved copyHow many households in Cagayan Valley own a computer or refrigerator?
In 2022, 89.9% of households in Cagayan Valley owned a mobile phone, 73.2% a television, 53.0% a refrigerator and 26.0% a computer; nationally the shares were 92.0%, 73.9%, 52.3% and 30.0%.
Source: Philippine Statistics Authority and ICF (The DHS Program) · saved copyHow many women in Cagayan Valley use the internet?
77.4% of women aged 15 to 49 in Cagayan Valley had used the internet in the past 12 months (2022 survey; national: 82.2%), and 28.7% had a bank account (national: 32.0%).
Source: Philippine Statistics Authority and ICF (The DHS Program) · saved copyHow many women in Cagayan Valley are in paid work?
42.4% of women aged 15 to 49 in Cagayan Valley were currently employed in 2022 (national: 44.8%); of employed women, 23.4% worked in professional, technical or managerial jobs and 21.7% in agriculture.
Source: Philippine Statistics Authority and ICF (The DHS Program) · saved copyHow Cagayan Valley (Region II) compares with other regions
GRDP at current prices (2025)
Cagayan Valley (Region II) ranks 13 of 17, highest first. The Negros Island Region, created in 2024, is not listed; Western Visayas and Central Visayas exclude Negros in this table.
| Rank | Region | GRDP at current prices |
|---|---|---|
| 10 | SOCCSKSARGEN (Region XII) | ₱700.7 billion |
| 11 | Zamboanga Peninsula (Region IX) | ₱672.3 billion |
| 12 | Eastern Visayas (Region VIII) | ₱645.6 billion |
| 13 | Cagayan Valley (Region II) | ₱579.6 billion |
| 14 | MIMAROPA Region (Region IV-B) | ₱538.1 billion |
| 15 | Caraga (Region XIII) | ₱477.7 billion |
| 16 | Cordillera Administrative Region (CAR) | ₱475.2 billion |
GRDP growth, 2024 to 2025 (at current prices, not adjusted for inflation) (2024-2025)
Cagayan Valley (Region II) ranks 16 of 17, highest first. The Negros Island Region, created in 2024, is not listed; Western Visayas and Central Visayas exclude Negros in this table.
| Rank | Region | GRDP growth, 2024 to 2025 (at current prices, not adjusted for inflation) |
|---|---|---|
| 11 | Central Luzon (Region III) | 5.2% |
| 12 | Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) | 4.0% |
| 13 | Eastern Visayas (Region VIII) | 3.9% |
| 14 | Zamboanga Peninsula (Region IX) | 3.8% |
| 15 | SOCCSKSARGEN (Region XII) | 3.7% |
| 16 | Cagayan Valley (Region II) | 2.6% |
| 17 | Bicol Region (Region V) | 2.5% |
GRDP per resident (2025 GRDP over 2024 census population) (2025)
Cagayan Valley (Region II) ranks 14 of 17, highest first. The Negros Island Region, created in 2024, is not listed; Western Visayas and Central Visayas exclude Negros in this table.
| Rank | Region | GRDP per resident (2025 GRDP over 2024 census population) |
|---|---|---|
| 11 | Caraga (Region XIII) | ₱166,740 |
| 12 | MIMAROPA Region (Region IV-B) | ₱165,791 |
| 13 | SOCCSKSARGEN (Region XII) | ₱157,009 |
| 14 | Cagayan Valley (Region II) | ₱153,436 |
| 15 | Eastern Visayas (Region VIII) | ₱139,562 |
| 16 | Bicol Region (Region V) | ₱130,166 |
| 17 | Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) | ₱59,168 |
Services share of GRDP (2025)
Cagayan Valley (Region II) ranks 16 of 17, highest first. The Negros Island Region, created in 2024, is not listed; Western Visayas and Central Visayas exclude Negros in this table.
| Rank | Region | Services share of GRDP |
|---|---|---|
| 11 | SOCCSKSARGEN (Region XII) | 53.6% |
| 12 | Eastern Visayas (Region VIII) | 52.3% |
| 13 | Zamboanga Peninsula (Region IX) | 51.2% |
| 14 | Central Luzon (Region III) | 49.9% |
| 15 | CALABARZON (Region IV-A) | 49.4% |
| 16 | Cagayan Valley (Region II) | 47.8% |
| 17 | Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) | 42.0% |
Unemployment rate (2023)
Cagayan Valley (Region II) ranks 17 of 17, highest first. Western Visayas and Central Visayas still include Negros in this source.
| Rank | Region | Unemployment rate |
|---|---|---|
| 11 | Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) | 3.6% |
| 12 | Davao Region (Region XI) | 3.2% |
| 13 | SOCCSKSARGEN (Region XII) | 3.2% |
| 14 | Zamboanga Peninsula (Region IX) | 3.1% |
| 15 | Caraga (Region XIII) | 3.0% |
| 16 | Cordillera Administrative Region (CAR) | 2.8% |
| 17 | Cagayan Valley (Region II) | 2.4% |
Labour force participation rate (age 15 and over) (2023)
Cagayan Valley (Region II) ranks 7 of 17, highest first. Western Visayas and Central Visayas still include Negros in this source.
| Rank | Region | Labour force participation rate (age 15 and over) |
|---|---|---|
| 4 | Northern Mindanao (Region X) | 68.9% |
| 5 | Central Visayas (Region VII) | 66.2% |
| 6 | Cordillera Administrative Region (CAR) | 65.6% |
| 7 | Cagayan Valley (Region II) | 64.9% |
| 8 | Ilocos Region (Region I) | 64.7% |
| 9 | Zamboanga Peninsula (Region IX) | 64.6% |
| 10 | Central Luzon (Region III) | 64.3% |
Underemployment rate (2023)
Cagayan Valley (Region II) ranks 11 of 17, highest first. Western Visayas and Central Visayas still include Negros in this source.
| Rank | Region | Underemployment rate |
|---|---|---|
| 8 | Western Visayas (Region VI) | 13.7% |
| 9 | Northern Mindanao (Region X) | 12.1% |
| 10 | Zamboanga Peninsula (Region IX) | 12.0% |
| 11 | Cagayan Valley (Region II) | 10.7% |
| 12 | Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) | 10.6% |
| 13 | Ilocos Region (Region I) | 10.3% |
| 14 | National Capital Region (NCR) | 8.1% |
Households with electricity (2022)
Cagayan Valley (Region II) ranks 7 of 17, highest first. Western Visayas and Central Visayas still include Negros in this source. Survey estimate with a margin of error.
| Rank | Region | Households with electricity |
|---|---|---|
| 4 | Central Luzon (Region III) | 97.7% |
| 5 | Cordillera Administrative Region (CAR) | 97.5% |
| 6 | Western Visayas (Region VI) | 96.8% |
| 7 | Cagayan Valley (Region II) | 96.3% |
| 8 | Eastern Visayas (Region VIII) | 96.3% |
| 9 | Caraga (Region XIII) | 94.8% |
| 10 | Northern Mindanao (Region X) | 94.1% |
Households owning a computer (2022)
Cagayan Valley (Region II) ranks 6 of 17, highest first. Western Visayas and Central Visayas still include Negros in this source. Survey estimate with a margin of error.
| Rank | Region | Households owning a computer |
|---|---|---|
| 3 | Cordillera Administrative Region (CAR) | 39.0% |
| 4 | Central Luzon (Region III) | 37.0% |
| 5 | Ilocos Region (Region I) | 31.0% |
| 6 | Cagayan Valley (Region II) | 26.0% |
| 7 | Eastern Visayas (Region VIII) | 26.0% |
| 8 | Central Visayas (Region VII) | 24.0% |
| 9 | MIMAROPA Region (Region IV-B) | 23.0% |
More on Cagayan Valley (Region II): overview · health · education and schools · poverty and living standards · government budget · the Philippines
Sources
- Philippine Statistics Authority and ICF (The DHS Program): 2022 Philippines National Demographic and Health Survey: selected national and regional indicators (DHS Program API), read 23 October 2026 · saved copy (SHA-256 401a0e9d6912…)
- Philippine Statistics Authority: Gross Regional Domestic Product at Current Prices, by Region, Major Industry: 2018 to 2025 (OpenStat table 0052B5BGRP0, CSV export; values in thousand pesos), read 23 October 2026 · saved copy (SHA-256 0424b0ab102c…)
- Philippine Statistics Authority: Philippine Statistical Yearbook, Table 11.1: Total Population 15 Years Old and Over by Employment Status and Region, 2014 to 2023 (Labor Force Survey; OpenStat table, CSV export), read 23 October 2026 · saved copy (SHA-256 a991f0e2dc46…)
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