Quezon City generates P1.33 trillion in 2024 GDP

Toby Magsaysay·21 November 2025, 3:43 pm·1 min read

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Quezon City generates P1.33 trillion in 2024 GDP — (14 November 2025) A view of 25 hectares of Quezon City Circle surrounded by trees. The Quezon City Green Award once again honored QCitizens’ most exceptional and inclusive climate action and disaster risk reduction initiatives. This year’s awards, comprised of barangays, Sangguniang Kabataan, youth organizations, businesses, hospitals, schools, and civil society organizations and non-governmental organizations, showcased the multi-sectoral, whole-of-city approach that plays a critical role in mitigating and adapting to the inevitable effects of climate change.
Photo by Analy Labor for Daily Tribune

Quezon City (QC) contributed 6 percent of the Philippines’ Gross Domestic Product (GDP) in 2024 — equivalent to about P1.33 trillion — according to the Philippine Statistics Authority (PSA).

In a Tuesday, 18 November report on the 2024 economic performance of the 33 highly urbanized cities (HUCs) in the country, the PSA said the total GDP of all HUCs was estimated at P9.78 trillion, or about 44 percent of the national GDP last year.

QC led all HUCs with a 6 percent share, followed by Makati with 5.4 percent, producing roughly P1.2 trillion. The capital city of Manila contributed P1.04 trillion, or 4.7 percent. Rounding out the top 10 were: Taguig City at 3.0 percent (P656.31 billion), Davao City at 2.6 percent, Pasig City at 2.3 percent, Parañaque City at 1.65 percent, Pasay City at 1.61 percent, Cebu City at 1.5 percent, and Mandaluyong City at 1.4 percent.

Collectively, the top 10 HUCs accounted for 30.5 percent of national GDP, according to the PSA.

QC is the most populous city in Metro Manila, with 3.08 million residents per the PSA’s 2024 Census of Population. Its major mixed-use and commercial developments — many built on repurposed industrial land — have strengthened key sectors such as real estate, retail, and services.

The city is also home to major BPO and IT hubs, including Eastwood City and Vertis North, which generate high-value service output. With the country’s largest urban population, QC benefits from a vast consumer market and workforce, boosting economic activity across multiple sectors.

Makati — considered the country’s premier business district — had a population of 309,770, while Manila had 1.9 million residents as of last year, contributing through its commercial, retail, shipping, and logistics capabilities.