QUEZON CITY LEADS NCR ECONOMIC CONTRIBUTION IN 2023

Quezon City emerged as the top economic contributor in the National Capital Region (NCR) for 2023, accounting for over 19% of the regional GDP with a value of ₱1.27 trillion, according to the Philippine Statistics Authority (PSA). Makati followed closely, contributing 18% or ₱1.18 trillion, while Manila held the third spot with a 15% share amounting to ₱987.88 billion. The combined GDP of Quezon City, Makati, and Manila surpassed half of the NCR’s total GDP of ₱6.57 trillion. Parañaque achieved the highest economic growth rate among NCR cities at 8.7%, significantly outpacing the regional growth rate of 4.9%. The government anticipates a continued economic expansion of six to seven percent for the Philippines this year, building on an average growth rate of 5.8% from January to September.