REGION 2: Cagayan Valley Region Profile Analysis

Provinces: 5
Cities: 4
Municipalities: 89
Barangays:2,311
Coastal/Landlocked: coastal
Marine waterbodies: Philippine
Sea, South China Sea, Luzon Strait
Area (2013): 298.37 km2
(11520.08 sq mi)
Population (2020):3,685,744
Density (2020):124 / km2 (320 / sq mi)

The Cagayan Valley Region, also

known as Region II, is strategically located in the northeastern part of mainland
Luzon. Because of its proximity to East Asian countries, it is not only a natural
gateway for trade and investment but also a virtual link to other growth
corridors.

The region is rich in natural resources and development potential, including rich
agricultural areas, forest and grasslands, minerals, and marine resources. It is the
country's fourth (4th) largest region, accounting for approximately 9% of the
total land area.
A. Demography

Population by age group

According to the 2015 Census, the age group with the highest population in Cagayan Valley
is 5 to 9, with 358,204 individuals. Conversely, the age group with the lowest population
is 80 and over, with 32,097 individuals.

Combining age groups together, those aged 14 and below, consisting of the young dependent
population which includes infants/babies, children, and young adolescents/teenagers, make
up an aggregate of 30.68% (1,058,880). Those aged 15 up to 64, roughly, the economically
active population and actual or potential members of the workforce, constitute a total of
64.14% (2,213,850). Finally, the old dependent population consisting of senior citizens, those
aged 65 and over, total 5.18% (178,680).

Historical population

The population of Cagayan Valley grew from 295,211 in 1903 to 3,685,744 in 2020, an
increase of 3,390,533 people over the course of 117 years. The latest census figures in 2020
denote a growth rate of 1.39%, or an increase of 234,334 people, from the previous
population of 3,451,410 in 2015.
 B. Physical

The region's economic performance and poverty situation are also linked to its
natural configuration and location. It is the fundamental factor that accounts for
inequality. While development has historical roots, the decision of where and
what to develop is based on an area's potential and the natural environment.
Other regions were far more developed than the rest for the same reason. While
each region develops strategies to attract external investment, physical
characteristics, location, infrastructure, and utility support are critical decision
factors for potential investors when deciding where to locate.

C. Economic

TUGUEGARAO CITY, Cagayan (PIA) - - The economy of Cagayan Valley

rebounded by 5.1 percent in 2021, from a contraction of -9.8 percent in the previous
year, an official of the Philippine Statistic Authority (PSA) said. Regional Director
Marilyn Estrada said that the main contributors to the growth were: Construction
which grew by 9.7%; Manufacturing, by 6.6%; and Education, by 8.3 percent. She
added that among the major industries, Services, which contributed 43.1% share to
the regional economy, accelerated by 5.1%, boosted by Education, Information and
Communication, Human Health and Social Work activities, and Wholesale and Retail
trade; Repair of motor vehicles and motorcycles. Industry, which accounted for 27%
share rebounded by 9.5%, boosted by Construction, and Manufacturing. Likewise,
Agriculture, Forestry, and Fishing, which accounted for 30% share, grew by 1.3%,
following a decline in the previous period. Of the 5.7% economic growth in the
country, Cagayan Valley contributed 0.1 percentage points while accounting for
2.1% of the total Gross Domestic Product. On the other hand, Cagayan Valley
household spending, which grew by 9.0%, was the biggest contributor to the region’s
increased spending in 2021. Moreover, government spending grew the fastest at
11.6%, followed by exports of goods and services to the rest of the world which grew
by 5.6%. Cagayan Valley’s imports of goods and services from the rest of the world
as well as the region’s gross capital formation pulled down the region’s total
spending posting declines of -23.3% and -1.3%, respectively. Real per capita,
Household Financial Consumption Expenditure (HFCE) increased by 7.9% in 2021.
The real per capita HFCE in the region was recorded at P90,729; lower than the
national level per capita HFCE of P122,112. (OTB/MDCT/with reports from PSA/PIA
Cagayan).