THE ILOILO ADVANTAGE
Our Economy in Depth
Western Visayas Economy
Iloilo’s economy is one of the most competitive in the country and Iloilo City functions as a gateway to Western Visayas considering its strategic location and with modern infrastructures that make mobility efficient and accessible.
The Western Visayas region attained 6.1 percent growth making it number 12 in the rank among the 17 regions in the Philippines. Its size puts Iloilo as the 5th largest economy outside of the National Capital Region.
Iloilo’s economy is driven by Agriculture, Hunting, Forestry and Fishery (AHFF) and 2018 data have shown that AHFF contributed a total of 17.2 percent to regional output. The Industry’s share was 24.7 percent while the Services contributed 58.1 percent.
Western Visayas, however, had a slower growth in all sectors: with agriculture even decelerating by 1.4 percent. The Industry Sector is almost the same – 8.7 in 2017 to 8.6 percent in 2018 – and the Service Sector likewise experienced a decrease from 8.5 percent to 7.5 percent.
Services
Industry
Agriculture, Hunting, Forestry and Fishery
Agriculture, hunting, forestry, and fishing
Growth Rate 2018 (vs 2017)
Agriculture & Fishery
Fishing
Source: Philippine Statistics Authority
INDUSTRY
Growth Rate 2018 (vs 2017)
Construction
Manufacturing
Electricity, Gas & Water supply
Mining & Quarrying
Source: Philippine Statistics Authority
Services
Growth Rate 2018 (vs 2017)
Trade
Transport, Storage and Communication
Public Administration and Defence
Real Estate, Renting and Business Activities
Financial Intermidiation
Other Services
Source: Philippine Statistics Authority
ILOILO ECONOMY
The economy of Iloilo is anchored on agriculture, fisheries and tourism. Around 70 percent of its land area is devoted to rice, corn, and fruits.
Marine products is plentiful in Iloilo considering its fertile water which serves as a home to the best fish and marine life.