CATARMAN, Northern Samar– Northern Samar continues to show strong economic momentum as it recorded a 7.6 percent GDP growth in 2024, the highest in three years, solidifying its position as the fourth largest provincial economy in Eastern Visayas, despite having no component city.
According to the latest data from the Philippine Statistics Authority (PSA), Northern Samar’s Gross Domestic Product (GDP) increased from P52.38 billion in 2023 to P56.38 billion in 2024 at constant 2018 prices. This performance marks a steady rise from growth rates of 3.7 percent in 2022 and 6.4 percent in 2023, reflecting the province’s consistent economic expansion and resilience. Northern Samar contributed 9.1 percent to the overall GDP of Eastern Visayas in 2024.
The Services sector remained Northern Samar’s key economic driver in 2024, accounting for 59.9 percent of the province’s total output. Growth was supported by strong performances in trade, transport, and public administration. The Industry sector contributed 20.9 percent, supported by construction activities and investments in infrastructure and energy, while Agriculture, Forestry, and Fishing accounted for 19.3 percent, continuing to provide a stable source of livelihood for many rural communities.
The steady economic performance of Northern Samar highlights the province’s efforts to stimulate local enterprise development, improve connectivity, and attract more investors. Programs spearheaded by the Provincial Economic Development and Investment Promotions Office (PEDIPO) have helped strengthen local industries and micro, small, and medium enterprises (MSMEs), contributing to inclusive growth and job creation.
Northern Samar’s continued rise in the regional economy demonstrates its growing role in driving balanced development in Eastern Visayas and reinforces its reputation as a province ready for sustained investment and progress. (PR)
