Economy of Cebu
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CurrencyPhilippine peso (₱)
Population
5,238,915 [1]
5,238,915 [1]GDP $6.704 billion (nominal, 2021 est.)
$6.704 billion (nominal, 2021 est.)GDP rank2nd (nominal, 2021 est.)
.jpg) Cebu City, the financial centre of Cebu | |
| Currency | Philippine peso (₱) |
|---|---|
| Statistics | |
| Population | 5,238,915 [1] |
| GDP | $6.704 billion (nominal, 2021 est.) |
| GDP rank | 2nd (nominal, 2021 est.) |
GDP growth | 5.4% (2021) |
GDP per capita | $1,279 (nominal, 2021 est.) |
GDP by sector |
|
| 11.6% (September 2022 est.) | |
Population at risk of poverty | 14.76% below poverty line (2018 est.)[3] |
| 0.740 high (2019) | |
| Unemployment | 6.37% (2022) |
All values, unless otherwise stated, are in US dollars. | |
The economy of the Province of Cebu is the 2nd largest in the Philippines according to the Philippine Statistics Authority.[4][5] In 2021, the Cebuano's combined economy peaked at P869.9 billion, making it the 2nd largest in the nation next to Laguna P922.3.[6][7]
According to COA, Cebu has been currently reigning as one of the most populous province and the richest province in the region for 8 consecutive times.[8]
