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Manila Bulletin devider Philippines devider Visayas devider Iloilo economic growth rate declines

Iloilo economic growth rate declines

Published Oct 8, 2025 11:05 am
THE skyline of Iloilo Business Park in Iloilo City. (Tara Yap)
THE skyline of Iloilo Business Park in Iloilo City. (Tara Yap)
The Philippine Statistics Authority said the economic growth rate of Iloilo City and Iloilo province declined in 2024.
The economic growth rate of Iloilo City, the regional capital of Western Visayas, dropped to 7.1 percent last year from 10.4 percent in 2023.
Iloilo’s economic growth rate in 2024 dropped to 1.4 percent from 4.7 percent in 2023.
Jerry Dolutan, PSA-Iloilo officer-in-charge, said Iloilo City had the fastest economic growth rate while Iloilo had the slowest growth rate.
Despite this, the Gross Domestic Product of Iloilo and Iloilo City went up.
The economy of Iloilo City was valued at P171.57 billion in 2024 from P160.20 billion in 2023.
The GDP of Iloilo was P218.86 billion in 2024 from P215.78 billion in 2023.
Iloilo contributed the largest share to the regional economy at 34.1 percent, followed by Iloilo City at 26.7 percent.
Economic growth last year was heavily reliant on the services sector, which accounted for around 88.3 percent in Iloilo City and 59.7 percent in the province.

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Iloilo Iloilo City GDP
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