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Quezon City now accounts for 6% of Philippine GDP
Business World Philippines
|November 19, 2025
QUEZON CITY generated the biggest share of the country’s gross domestic product (GDP) in 2024 at P1.33 trillion, the Philippine Statistics Authority (PSA) said on Tuesday, underscoring the economy’s continued reliance on a handful of urban centers for growth.
Latest PSA data showed the total economic output of 33 highly urbanized cities (HUC) stood at P9.78 trillion or 44% of national GDP in 2024.
Quezon City accounted for 6% of national GDP in 2024, followed by Makati City with a 5.4% share (P1.2 trillion) and Manila with a 4.7% share (P1.04 trillion).
"In 2024, City of Manila joined Quezon City and City of Makati in recording trillion pesos GDP," the PSA said.
Quezon City is considered the most populous city in the National Capital Region (NCR), with a population of 3.08 million as per the PSA’s 2024 Census of Population. Makati, considered a major financial district, had a population of 309,770, while Manila had a population of 1.9 million.
Dit verhaal komt uit de November 19, 2025-editie van Business World Philippines.
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