Eastern Visayas posted a 5.3 percent growth in gross domestic expenditure in 2019, lower than the 7.0 percent growth recorded in 2018. Among the expenditure items, Gross Capital Formation (GCF) and Household Final Consumption Expenditure (HFCE) decelerated by 10.5 and 0.2 percentage points, respectively, in 2019.
GCF decelerated to 16.0 percent in 2019 from its 26.5 percent growth in 2018. GCF is measured by the total value of the gross fixed capital formation, changes in inventories and acquisitions, less disposals of valuables.
The total final consumption as measured by HFCE also slowed down to 5.7 percent in 2019 from 5.9 percent in 2018. HFCE consists of expenditures incurred by resident households on the consumption of goods or services. This includes the estimated value of barter transactions, goods and services received in kind, and goods and services produced and consumed by the same household.