page_title: Sorsogon
section_title: Economy
hierarchical_section_title: Sorsogon / Economy
caption_attribution_description: English: Aerial View of Sorsogon City
context_page_description: Sorsogon, is a province in the Philippines located in the Bicol Region. It is the southernmost province in Luzon and is subdivided into fourteen municipalities and one city. Its capital is Sorsogon City and borders the province of Albay to the north.
  Sorsogon is at the tip of the Bicol Peninsula and faces the island of Samar to the southeast across the San Bernardino Strait and Ticao Island to the southwest. Sorsogueños is how the people of Sorsogon call themselves.
context_section_description: The province's economic activity is highly concentrated in its capital city, Sorsogon City, and the towns of Bulan, Irosin, Gubat, Pilar and Matnog as well. Sorsogon Province is classified as 2nd class with an average annual income of ₱339.4M (C.Ys. 2000-2003). This is about ₱11M short for the province to attain 1st class reclassification which requires at least ₱350M average annual income.
  The province had a great contribution on the 97-percent growth in investments for the first quarter of 2008 and increasing tourism arrivals that buoyed the Bicol Region economy, despite the damage brought about by incessant rains and a rice shortage. This is according to the Quarterly Regional Economic Situationer (QRES) released by the National Economic and Development Authority (NEDA) Regional Office in Bicol (NRO 5).
  Among the provinces, Sorsogon posted the highest growth (293% respectively) in investments from the previous year. Next to Sorsogon is Catanduanes that posted a growth of 280%. Albay contributed 39 percent to the region's investments and posted a growth of 221% from the preceding quarter.
  “For the third time, Bicol Region hosted the kick-off of Asia's premier extreme sailing event, the Philippine Hobie Challenge last February 16 at Gubat, Sorsogon. This 260-mile journey from Gubat-Sambuyan-Bacsal-Marambut-Suluan to Siargao enticed both local and foreign water sports enthusiasts. It opened the opportunity for the municipality of Gubat to showcase the town's best,” the QRES stated.
  Ranked from main sources of income, 40% of families in the province derived incomes from entrepreneurial activities, 33% from salaries and wages, and 27% from income from other sources such as rental incomes, interests, and overseas Filipino remittances.
caption: Aerial view of Sorsogon City
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