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List of regions of the Philippines by GDP

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This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority.[1]

Data for 2024 estimates (international US$ using 2024 PPP conversion factor from the International Monetary Fund).[2]

Regions by GDP

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Rank Region 2025 GDP
(billion PHP)
2025 GDP
(billion USD, nominal)
1 National Capital Region 8,750.000 152.250
2 Calabarzon 3,998.755 69.578
3 Central Luzon 3,040.694 52.908
4 Central Visayas 1,577.638 27.451
5 Davao Region 1,461.264 25.426
6 Northern Mindanao 1,342.415 23.358
7 Ilocos Region 925.021 16.095
8 Negros Island Region 853.027 14.843
9 Western Visayas 845.797 14.717
10 Bicol Region 789.384 13.735
11 Soccsksargen 700.694 12.192
12 Zamboanga Peninsula 672.297 11.698
13 Eastern Visayas 645.603 11.233
14 Cagayan Valley 579.622 10.085
15 Mimaropa Region 538.065 9.362
16 Caraga 477.742 8.313
17 Cordillera Administrative Region 475.155 8.268
18 Bangsamoro 336.760 5.860
 Philippines 28,009.935 487.373

Regions by GDP per capita

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Rank Region 2024 GDP per capita
(PHP)
2024 GDP per capita
(USD, nominal)
2024 GDP per capita
(USD, PPP)
% of national average
1 National Capital Region 595,768 10,426 30,760 254.3
2 Davao Region 252,515 4,419 13,045 107.8
3 Northern Mindanao 244,359 4,276 12,624 104.3
4 Cordillera Administrative Region 236,844 4,145 12,236 101.1
5 Central Luzon 224,858 3,935 11,616 96.0
6 Central Visayas 219,111 3,834 11,319 93.5
7 Calabarzon 218,928 3,831 11,310 93.4
8 Negros Island Region 167,107 2,924 8,626 71.2
9 Western Visayas 164,440 2,878 8,495 70.2
10 Ilocos Region 164,160 2,873 8,481 70.1
11 Mimaropa Region 153,138 2,680 7,911 65.4
12 Caraga 150,290 2,630 7,764 64.2
13 Cagayan Valley 148,941 2,606 7,694 63.6
14 Soccsksargen 148,466 2,598 7,670 63.4
15 Zamboanga Peninsula 144,309 2,525 7,455 61.6
16 Eastern Visayas 133,164 2,330 6,879 56.8
17 Bicol Region 122,613 2,146 6,334 52.3
18 Bangsamoro 73,030 1,112 3,773 31.2
 Philippines 234,227 4,099 12,100 100

Highly urbanized cities (HUCs) by GDP

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Figures exclude cities in Metro Manila. GDP (Nominal) figures based on 2018 Philippine Constant Prices as published by the Philippine Statistics Office on their various public releases in 2023. GDP in PPP using 2018 Constant Prices not publicized. GDP in USD using 2023 Exchange Rates. % of GDP Regional not publicized for Central Visayas Cities.

Rank HUC 2024 GDP
(million PHP)
2024 GDP
(million USD, nominal)
2024 GDP
(million USD, PPP)
% of regional GDP
1 Davao City 574,720 9,900.43 NA 51.9% of Davao Region
2 Cebu City 334,480 5,761.93 NA NA Central Visayas
3 Cagayan de Oro 295,570 5,095.65 NA 28% of Northern Mindanao
4 Baguio 178,850 3,080.96 NA 45.9% of Cordillera Administrative Region
5 Lapu-Lapu City 176,360 3,038.07 NA NA Central Visayas
6 Iloilo City 171,570 2,955.56 NA 15.2% of Western Visayas
7 Bacolod 157,370 2,710.94 NA NA Negros Island Region
8 Angeles City 151,470 2,609.30 NA 6.1% of Central Luzon
9 Zamboanga City 151,330 2,606.90 NA 32.6% of Zamboanga Peninsula
10 General Santos 141,190 2,432.21 NA 25.6% of Soccsksargen
11 Mandaue 126,080 2,171.92 NA NA Central Visayas
12 Iligan 88,510 1,524.72 NA 8.2% of Northern Mindanao
13 Butuan 66,460 1,144.88 NA 17.7% of Caraga
14 Puerto Princesa 64,470 1,110.59 NA 13.5% of Mimaropa
15 Tacloban 59,580 1,026.36 NA 11.4% of Eastern Visayas
16 Olongapo 59,210 1,019.98 NA 2.4% of Central Luzon
17 Lucena 53,730 925.58 NA 1.6% of Calabarzon

Highly urbanized cities (HUCs) by GDP per capita

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Figures exclude cities in Metro Manila.

Rank HUC 2023 GDP per capita
(PHP, real)
2023 GDP per capita
(PHP, nominal)
2023 GDP per capita
(USD, real)
Region
1 Baguio 455,398.90 494,688.14 7,818.01 Cordillera Administrative Region
2 Cagayan de Oro 358,878.67 414,985.04 6,161.01 Northern Mindanao
3 Iloilo City 337,804.89 403,260.49 5,799.23 Western Visayas
4 Lapu-Lapu City 336,170.24 379,427.88 5,771.16 Central Visayas
5 Cebu City 316,405.41 348,163.24 5,431.85 Central Visayas
6 Mandaue 292,850.37 322,613.40 5,027.47 Central Visayas
7 Davao City 271,957.52 322,811.17 4,668.80 Davao Region
8 Angeles City 249,101.40 280,778.64 4,276.42 Central Luzon
9 Bacolod 233,093.69 288,580.13 4,001.61 Negros Island Region
10 Iligan 226,286.48 264,177.29 3,884.75 Northern Mindanao
11 Olongapo 225,681.73 258,305.04 3,874.36 Central Luzon
12 Tacloban 202,694.50 239,198.91 3,479.73 Eastern Visayas
13 Puerto Princesa 197,236.10 238,531.54 3,386.03 Mimaropa
14 General Santos 196,959.89 226,216.75 3,381.29 Soccsksargen
15 Lucena 171,426.48 196,136.89 2,942.94 Calabarzon
16 Butuan 163,852.49 184,977.04 2,812.92 Caraga
17 Zamboanga City 159,678.16 189,709.35 2,741.26 Zamboanga Peninsula

See also

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References

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  1. ^ "2023 to 2025 Gross Regional Domestic Product" (PDF). Philippine Statistics Authority.
  2. ^ "Report for Selected Countries and Subjects". www.imf.org.