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III. Priority Research Areas

a) Industry and Services

The Industry sector is the main economic growth driver as it
comprises 61.9 percent of the Region’s economic output in 2017.
The Region remains as the industrial powerhouse of the country
having the largest share of the country’s total industry output. The
Manufacturing sub-sector is the largest contributor of the sector
and in the Region’s economy with a 53.2 percent share. The
Services sector is the second contributor of the Region’s total
economic output with a 33.2 percent share. Business activities,
trade and repair, and transport are the main drivers of this sector.

Having the largest share of economic output of both the industry
and services, these sectors are faced with challenges that have to
be addressed with new knowledge, innovations
and strategies.

To achieve the goal of reduced inequality through expanding
economic opportunities in industry and services, researches that
would expand production, enhance competitiveness and
productivity, and generate quality employment would further boost
the growth the sector.

Calabarzon Regional Development Research Agenda 2018-2022 Page 9