TACLOBAN CITY – Tacloban continues to be the leading economic driver of Eastern Visayas, contributing the largest share to the region’s total output based on the latest Provincial Product Accounts (PPA) released by the Philippine Statistics Authority (PSA).
Data show that Tacloban posted a Gross Domestic Product (GDP) of P59.58 billion in 2024, accounting for 10.7% of the entire Eastern Visayas economy, which reached P555.62 billion for the year. This cements the city’s position as the top single local government unit (LGU) contributor to regional economic activity.
GDP refers to the total value of all goods and services produced within a country, region, or city over a specific period, usually one year.
In simpler terms, GDP measures the size and health of an economy. It tells us how much economic activity is happening in a certain place.
Tacloban also recorded an 8.2% economic growth rate in 2024—faster than the region’s 6.2% expansion. This performance makes the city the third fastest-growing economy in the Visayas, trailing only Eastern Samar and Bohol.
The PSA noted that Tacloban’s economy remains heavily service-oriented, with the services sector accounting for 77.1% of total output.
Within this sector, professional and business services posted the fastest growth at 15.1%, outpacing other major industries and reflecting the city’s expanding role as the region’s business, education, and government hub.
The latest PPA results affirm Tacloban City’s continued economic resilience and its role in setting the pace for development across Eastern Visayas.
(JOEY A. GABIETA)
