Google map of Region 10. CAGAYAN DE ORO CITY - Northern Mindanao's economy has bounced back from the adverse effects of the pandemic in 2021 with a 6.3 percent growth, officials said Friday. In a statement, Mylah Aurora Faye Carino, director of the National Economic Development Authority in Northern Mindanao (NEDA-10), said the growth rate surpassed their projection between 5.1 percent and 6.1 percent. "We didn't expect that our growth would even surpass our estimates, and more importantly, the growth was even higher than the nominal value of our GRDP (Gross Regional Domestic Product)," Carino said. "It was even higher than the pre-pandemic figure, and the net gained was more than enough to compensate for our losses in 2020," she said. Carino was referring to the PHP872.9 billion worth of GRDP which was higher than the pre-pandemic GRDP level of PHP867.4 billion in 2019. In a report, the Philippine Statistics Authority in Region 10 (PSA-10) said the 6.3 percent regional economic gain of PHP51.5 billion, is seen as sufficient to recover from economic losses of PHP46 billion in 2020. Dr. Janith Aves, PSA-10 officer-In-charge and chief statistical specialist, said the agency will release detailed 2021 figures through the provincial product accounts in December this year. "We are glad about the results, as this means that our efforts have paid off. All the things we did for our economy to recover, it happened," Aves said. In the PSA economic report, Region 10 ranked sixth in the list of "fast-growing" regional economies in 2021. Aves said the tourism industry has seen an indicator of recovery as it contributed to the services industry, which has grown to 6.2 percent last year. (PNA) }