Editing Mimaropa (section)

== Economy ==
{{More citations needed|section|date=February 2022}}
<p style="margin-left: 85px;">'''Poverty Incidence of {{wikidata|label}}'''</p>
{| style="font-size:85%;" '|
|  {{#invoke:Chart
 | bar chart
 | height    = 300
 | width     = 420
 | group 1   =  {{#invoke:wd|properties|raw|P8843|P585=2003}} : {{#invoke:wd|properties|raw|P8843|P585=2006}} : {{#invoke:wd|properties|raw|P8843|P585=2009}} : {{#invoke:wd|properties|raw|P8843|P585=2012}} : {{#invoke:wd|properties|raw|P8843|P585=2015}} : {{#invoke:wd|properties|raw|P8843|P585=2018}} : {{#invoke:wd|properties|raw|P8843|P585=2021}} 
 | x legends = 
  2003 <br /> {{#invoke:wd|properties|raw|P8843|P585=2003}}  :
  2006 <br /> {{#invoke:wd|properties|raw|P8843|P585=2006}}  :
  2009 <br /> {{#invoke:wd|properties|raw|P8843|P585=2009}}  :
  2012 <br /> {{#invoke:wd|properties|raw|P8843|P585=2012}}  :
  2015 <br /> {{#invoke:wd|properties|raw|P8843|P585=2015}}  :
  2018 <br /> {{#invoke:wd|properties|raw|P8843|P585=2018}}  :
  2021 <br /> {{#invoke:wd|properties|raw|P8843|P585=2021}}  
 | colors      = #D4AF37
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<p style="margin-left: 85px;">
'''Source:''' [[Philippine Statistics Authority]]<ref>{{cite web 
| url = https://psa.gov.ph/content/poverty-incidence-pi
| title = Poverty incidence (PI):
| publisher = Philippine Statistics Authority
| accessdate = December 28, 2020}}</ref>{{#if:{{#invoke:wd|properties|raw|P8843|P585=2000}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2000}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2003}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2003}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2006}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2006}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2012}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2012}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2015}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2015}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2018}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2018}}</ref>|}}{{#if:{{#invoke:wd|properties|raw|P8843|P585=2021}}|<ref>{{safesubst:#invoke:wd|reference|raw|P8843|P585=2021}}</ref>|}}
</p>
|}

In 2007, Mimaropa's economy surged by 9.4%, making it the fastest growing region in the country in that year.<ref name="GRDP2007">{{cite web|url=http://www.nscb.gov.ph/grdp/2007/default.asp|title=NSCB - 2007 Gross Regional Domestic Product|date=July 28, 2008|publisher=National Statistical Coordination Board|access-date=May 18, 2009|url-status=dead|archiveurl=https://web.archive.org/web/20090420214409/http://www.nscb.gov.ph/grdp/2007/default.asp|archivedate=April 20, 2009}}</ref> It was aided by robust growth in the industrial sector which grew by 19.1% from -6.1% in 2006.<ref name="GRDP2007" /> Mimaropa experienced a big slowdown in 2006, posting a decelerated growth of 2.3% from a 6.4% increase in 2005. This resulted mainly from the slump in the industry sector, which shrunk by 5.4% in 2006 from its 10.8% increase in 2005.

The agriculture, forestry, and fishing sector, which contributed 42.1% to the total regional economy, grew by 9.1% in 2006, accelerating from 3.2% the previous year. The higher production of [[rice]], [[maize]], other crops, livestock and fishery resulted in the accelerated growth in the total agriculture and fishery sector.

The industry sector, which contributed 38.3% to the region's total economy, was the second largest contributor next to agriculture. Its decline of 5.4% was largely attributed to the decrease in the mining and quarrying sub-sector, which went down by 15.4% due to the reduced production of natural gas in Palawan. Mining and quarrying contributed 16.6% to the total regional economy. The positive growth in the electricity and water, construction and manufacturing sub-sectors were not able to compensate to the drop in the mining and quarrying sub-sector.

The service sector, on the other hand, posted an accelerated growth of 5.1%, which was attributed to the increase in the TCS, finance, private services, government services and trade sub-sectors, which managed to post accelerated growths of 6.0%, 5.5%, 5.1%, 5.1% and 4.7%, respectively. The other sub-sector, however, had a decelerated growth due to the slowdown in the ownership of dwelling.

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