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Regional Economic Situationer 3Q 2020


The quarterly regional economic situationer highlights the region's economic performance based on selected indicators, namely: labor force situation, prices and inflation rate, agricultural production, mineral production, tourist arrivals, and the development outlook for the next three months. During the third quarter of 2020, employment rate was lower at 90.9 percent, unemployment rate was higher 9.1 percent, and underemployment rate was lower at 23.3 percent. Prices of goods and services were higher resulting in a 4.5 percent inflation rate in September, the highest among all regions in the country. The agriculture sector managed to improved owing to favorable weather condition. Mining industry showed improved performance in terms of higher value of minerals produced with gold at 12.48 percent increase, silver at 14.85 percent increase, and limestone at 262.47 percent increase. Tourism industry also improved with the gradual reopening of tourism-related establishments and local tourism sites.



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