By PR | 09:49 AM October 04, 2026
TAGBILARAN CITY, Bohol— The total monetary value of all goods and services produced in Bohol grew by P7.83 billion as the Bohol recorded a 3.9 percent Gross Domestic Product (GDP) growth, in 2025, data from the Philippine Statistics Authority (PSA) showed.
The GDP growth may be slower than in 2024, however, in comparison to the economise of Central Visayas, at 3.9 % growth, Bohol showed better than the 3.7 percent regional GDP growth, and is the region’s second biggest GDP growth after the City of Cebu which has registered a 5.8 percent growth, revealed Chief Statistical Specialist Jessamyne Anne Alcazaren.
As to its contribution to the regional GDP growth, Bohol owns the 0.6 percent of the 3.7 percent regional GDP growth, she continued during the Provincial Products Account Data Dissemination Forum at the ReynasGarden, October 1.
For the regional GDP growth, Cebu City contributed 1.5 percent while Cebu Province pitched in 0.9 percent.
Despite a sluggish service sector performance in 2024 due largely to disrupted world travel due to rise in travel costs and the local African Swine Fever keeping the province’s economy to a crawl, Bohol managed over Lapulapu City’s 0.5 percent and Mandaue City’s 0.2 percentcontribution to the regional growth.
Bohol’s meteoric rise to a, 8.8 percent, (later updated to 9.0 percent) GDP growth in 2024 was fuelled a very strong services sector performance, which led economists to conclude that the 73.4% of Bohol’s GDP makes the province service-oriented.
With tourism as an aggressive economic driver in 2024, Bohol basked in the post-COVID normalization of international travel which released pent-up demand for overseas travel, China reopened and restored its international travels, while the Korean and Japanese markets added to the boosted tourism arrivals here.
Koreans and Japanese were among Bohol’s biggest foreign source markets.
But in 2025 however, South Korean market weakened by about 13.86 percent, the higher travel costs discouraged price-sensitive travellers, who shifted travel plans to competitive neighboring country travel destinations.
To this, Bohol’s tourism, which thrives on accommodation and food services activities bore the brunt, with a negative 0.6 percent growth, bottoming at 15 of the 16 industries here.
This year, topping Bohol’s industries win terms of growth rates are human health and social work activities at 10.1 percent, construction at 8.7 percent, education at 7.8 percent, financial and insurance activities at 7.3 percent and mining and quarrying at 6.8 percent.
Industries with the largest share in the economic performance of the province are wholesale and retail trade along with repair of motor vehicles and motorcycles at 32.5 percent, agriculture, forestry and fishing at 11.8 percent and financial and insurance activities at 8.8 percent, PSA said. (PIABohol)
