The economy of the City of Taguig grew by 5.8 percent in 2023 from its 2022 level, slower than the 6.8 percent growth recorded in the previous year. The Gross Domestic Product (GDP) of the city was estimated at PhP 566.19 billion. (Figure 1)

Among the industries, the fastest growth were observed in Other services with 34.7 percent, followed by Accommodation and food service activities with 20.4 percent, and Human health and social work activities with 12.0 percent. All other industries posted growth in 2023. (Figure 2)

The Provincial Product Accounts (PPA) has been the mechanism of the Philippine Statistics Authority (PSA) to compile the annual estimates of GDP by province and Highly Urbanized City (HUC), consistent with the National and Regional Accounts of the Philippines. In 2024, following the successful PPA compilation of the National Capital Region, the PSA releases for the first time the PPA results for all 82 provinces and 33 HUCs across the country.

Full data series, charts, and data visuals of the results of the PPA of the City of Taguig can be accessed at the PPA landing page of the PSA (psa.gov.ph/statistics/ppa), and the PSA Regional website (rssoncr.psa.gov.ph/statistics/ppa).

NARCISO H. DINO
(Supervising Statistical Specialist)
Officer-in-Charge