Caraga
On February 23, 1995, the Caraga region was created through the issue of Republic Act No. 7901 during the administration of President Fidel Ramos. The provinces of Agusan del Norte, Agusan del Sur and Surigao del Norte (of the former Northern Mindanao region) and Surigao del Sur (of the former Southern Mindanao region) were annexed as part of the newly-created region.
Caraga
The region performed fairly well in terms of regional output contributing 8.01% in 1998, 8.25% in 1999 and 8.29% in 2000 to the Mindanao GRDP. The region contributed 1.44% in 1998, 1.48% in 1999 and 1.50% in 2000, to the Philippine economy. In terms of growth rate, the region accelerated faster and outpaced the other regions in Mindanao from 1998 to 2000, except for the Southern Mindanao Region which posted a 6.06% increase in 1999-2000. Caraga Region recorded a 5.42% increase during the same period.