Gross domestic expenditures of Bicol Region Philippines 2012-2023
In 2023, the Gross Regional Domestic Expenditures (GRDE) of the Bicol Region in the Philippines amounted to approximately 610.3 billion Philippine pesos. This reflects an increase from the previous year's total of about 583.6 billion Philippine pesos. GRDE is defined as the expenditure of residents of the region in the domestic territory plus their expenditures in other regions including the rest of the world.