Mindanao’s Economic Growth Strengthens in 2024
Mindanao recorded a 5.62 percent year-on-year GDP increase, reinforcing the region’s role as a rising economic pillar in the Philippines. The 2024 PPA results show broad-based growth across provinces and highly urbanized cities, with several areas surpassing expectations.
Key highlights from Mindanao’s performance include:
- ₱3.80 trillion total GDP for 2024
- Lungsod ng Davao leading with ₱574.72 billion, the largest GDP in Mindanao
- Strong outputs from Cagayan de Oro , Bukidnon , Davao del Norte, at Misamis Oriental
The region also showcased competitive gains in both urban and provincial economies, reflecting increased investments, improving infrastructure, and expanding local industries.
Iligan Among Top 5 Fastest-Growing Economies in Mindanao
Iligan City secured a major win in this year’s PPA results, posting 8.8 percent GDP growth, placing second in the Top 5 Fastest-Growing Economies in Mindanao.
Top 5 Fastest-Growing Mindanao Economies (YoY Growth)
- Dinagat Islands – 9.6%
- Iligan City – 8.8%
- Butuan City – 8.7%
- Camiguin – 8.6%
- Davao City – 7.9%
Iligan’s strong performance underscores:
- Expanding local industries and services
- Strengthened business climate and trade links
- Growing integration with the broader Northern Mindanao economic corridor
As Mindanao continues to rise, Iligan’s accelerating growth positions the city as a vital contributor to regional development.
Explore Mindanao’s Advancing Landscape
Stay informed about Mindanao’s expanding opportunities, regional economic shifts, and Iligan City’s role in shaping the future of Northern Mindanao.
