Iligan Ranks Among Mindanao’s Fastest-Growing Economies in 2024 PPA Report

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
• Davao City leading with ₱574.72 billion, the largest GDP in Mindanao
• Strong outputs from Cagayan de Oro, Bukidnon, Davao del Norte, and 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)

1. Dinagat Islands – 9.6%
2. Iligan City – 8.8%
3. Butuan City – 8.7%
4. Camiguin – 8.6%
5. 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.