The release of the report marks a milestone as the PPA moves toward full institutionalization starting 2025, following its approval by the PSA Board under Resolution No. 1, series of 2025, dated Feb. 26.
Eastern Samar leads fastest-growing economies
The report showed that Eastern Samar recorded the highest economic growth at 10.2 percent, followed by Puerto Princesa City (9.8 percent), Batanes (9.57 percent), Dinagat Islands (9.56 percent), and Bataan (9.3 percent).
Seven of the top 10 fastest-growing local economies were provinces, while three were HUCs.
All top performers grew faster than the national gross domestic product (GDP) growth rate of 5.7 percent in 2024.
Quezon City remains largest contributor to GDP
In terms of contribution to the national economy, Quezon City retained the largest share at 6.0 percent, followed by Makati City (5.4 percent), Laguna (4.9 percent), and Manila (4.7 percent).
All four economies surpassed the trillion-peso GDP mark, led by Quezon City at P1.33 trillion, Makati City at P1.20 trillion, Laguna at P1.08 trillion, and Manila at P1.04 trillion.
Rounding out the top 10 were other cities in NCR, provinces in CALABARZON and Central Luzon, with Davao City standing out as the lone top 10 economy outside Luzon.
Dissemination efforts scheduled
To further broaden understanding of the results, the PSA’s Macroeconomic Accounts Service, in collaboration with regional and provincial statistical offices, will hold a series of provincial dissemination fora from Sept. 25 to Oct. 16, 2025. —Ed: Corrie S. Narisma
