The Bicol Region or Region V is home to 1,462 cooperatives registered by the Cooperative Development Authority (CDA RV EO) at end 2021.  The Multipurpose type has the highest number of cooperatives while the Electric type has the least number of cooperative. By province, Camarines Sur is home to the most number of cooperatives with 484 while Catanduanes has the least number at 67.