The economy of the Province of Iloilo grew by 4.6 percent in 2023, slower than the 8.5 percent growth recorded in 2022. Despite this, in terms of levels, Gross Domestic Product (GDP) increased by PhP 9.42 billion from PhP 206.01 billion in 2022 to PhP 215.42 billion in 2023. (Figure 1)

Figure 1. Gross Domestic Product of the Province of Iloilo
In Terms of Levels (in Billion PhP) and Growth Rate (in Percent) 
At Constant 2018 Prices, 2021 to 2023 

1/ Excluding Iloilo City 
Source: Philippine Statistics Authority

Among the 16 industries, the fastest growths were observed in Other services with 26.3 percent, followed by Accommodation and food service activities with 23.4 percent, and Transportation and storage activities with 22.8 percent. On the other hand, Agriculture, forestry, and fishing, declined by 9.0 percent. (Figure 2)

Figure 2. Economic Performance of the Province of Iloilo, by Industry
In Terms of Growth Rates (in Percent); 2022 to 2023 
At Constant 2018 Prices 

Source: Philippine Statistics Authority

Full data series, charts, and data visuals of the results of the Provincial Product Accounts (PPA) of the Province of Iloilo can be accessed at the PPA landing page of the Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso06.psa.gov.ph/ppa).

JERRY L. DOLUTAN 
(Supervising Statistical Specialist) 
Officer-in-Charge 
PSA RSSO VI - Iloilo