Bicol Economy Lags in 2025 as Investment Contraction Dampens Growth
LEGAZPI CITY – Despite a nationwide trend of economic expansion, the Bicol Region recorded the slowest growth among the country’s 18 regions in 2025, according to the latest Regional Accounts released by the Philippine Statistics Authority (PSA). While all regional economies posted positive gains, Bicol’s Gross Regional Domestic Product (GRDP) grew by a marginal 0.5 percent. This figure is significantly lower than the national Gross Domestic Product (GDP) growth rate of 4.4 percent and marks a sharp contrast to the 6.4 percent growth seen in Western Visayas, the country's fastest-growing region. The region's sluggish performance is largely attributed to a significant slump in investments. Bicol experienced a 17.2-percent decline in gross capital formation, the second-largest contraction in the Philippines, trailing only SOCCSKSARGEN’s 19.1-percent drop. Economists point to this "investment drought" as a primary hurdle for the region, which also trailed behind other sl...