By Michelle Ducut
Ilocos Norte posted the fastest economic growth rate in Region I, recording an 8.7% growth based on the Provincial Product Accounts (PPA) released by the Philippine Statistics Authority (PSA) in January 2024.
The province was followed by La Union at 7.7%, Pangasinan at 7.4%, and Ilocos Sur at 7.1%. Ilocos Norte also contributed over PHP 90 billion to the region’s Gross Regional Domestic Product (GRDP) and achieved the highest GDP per capita in Region I at PHP 122,330.
The PPA is the PSA’s mechanism for measuring economic performance at the provincial level and in highly urbanized cities. It provides data to guide stakeholders in planning and decision-making.
Ilocos Norte’s economic growth is attributed to its focus on agriculture, tourism, renewable energy, and infrastructure development.
The Provincial Government of Ilocos Norte (PGIN) has implemented mechanization programs, expanded irrigation systems, and promoted high-value crops to support local farmers and modernize agriculture.
Tourism continues to drive the province’s economy, with its cultural heritage, natural attractions, and local festivals drawing visitors. Infrastructure upgrades, including improvements to the Laoag International Airport, aim to boost accessibility for tourists and investors.
Ilocos Norte’s renewable energy sector remains a significant contributor to its economy. With a total generating capacity exceeding 350 MW, the province continues to expand its renewable energy projects through partnerships with private companies, focusing on solar and hydroelectric power.
The provincial government, led by Governor Matthew Manotoc, has emphasized collaboration with stakeholders to sustain economic growth and improve livelihoods across Ilocos Norte.