Iligan City: The Rising Economic Power of Northern Mindanao (2024 Performance Report)

The 2024 economic performance of Iligan City speaks volumes about the decisive and visionary leadership of the Siao Administration, whose strategic interventions have ignited inclusive socio-economic growth across key sectors.

1. Agriculture Rebounds and Modernizes

In 2021, agriculture suffered a –6% contraction. Today, it’s showing a +4.8% growth, signaling a powerful recovery. Iligan has recorded the highest hectarage of planted farms in its history, with mechanization programs boosting productivity. Looking ahead, the Smart Agriculture Program 2026 will map and maximize agricultural potential in the city’s hinterlands.

2. Fastest-Growing Economy in Northern Mindanao

Iligan now leads Northern Mindanao with an 8.8% economic growth rate—double the 4% figure from five years ago. The city’s proactive investment promotion and foreign partnerships—spanning Korea, Taiwan, China, and soon Ireland—are attracting both capital and visitors. Tourist arrivals have surged past 400,000 in 2024, cementing Iligan’s position as a vibrant growth hub.

3. Strong Industrial and Services Expansion

• Services: 9.3% growth, fueled by business services, hospitality, and a growing night and gig economy.
• Industry: 8.3% growth, reflecting renewed investor confidence in manufacturing and energy.
  This diversified momentum makes Iligan one of the region’s most resilient local economies.

4. Business Confidence at Record Highs

From 8,000 registered businesses in 2021 to over 12,000 in 2025, Iligan’s entrepreneurial spirit is thriving. More MSMEs are scaling up, while large enterprises are anchoring long-term investments in tourism, real estate, and logistics.

5. Regional Leadership

Iligan ranks 2nd in GDP per capita across Northern Mindanao—a testament to its rising productivity and household prosperity.

Message from the Siao Administration

“The numbers speak for themselves. Iligan’s growth is not just statistical—it’s transformational. We thank our economic partners, investors, and institutions for believing in our city.
There is no turning back—only forward and upward. Padayon, Asenso Iliganon.”

Serbisyong Siao. Serbisyong Wow.