Four Central Luzon provinces are among the Top 10 in terms of levels and share to the 2024 National Gross Domestic Product (GDP), contributing to the country’s approximately P22.23 trillion GDP, which posted a revised full-year growth rate of 5.7 percent.
According to the Philippine Statistics Authority (PSA), Bulacan, Pampanga, Nueva Ecija, and Bataan were significant contributors to the national economy in 2024. Bulacan, Pampanga, and Nueva Ecija also ranked among the country’s top 10 richest provinces, while Bataan recorded the highest regional growth rate and emerged as one of the top-performing provinces outside Metro Manila.
Bulacan maintained its position as the largest economy in Central Luzon with a 7.0 percent growth rate and a 3.0 percent share in the national GDP. Growth was driven mainly by the construction and manufacturing sectors, boosted by large-scale infrastructure projects such as the North–South Commuter Railway.
Pampanga’s economy expanded by 5.1 percent, backed by strong performance in financial and insurance activities, construction, and human health and social work.
Nueva Ecija contributed 1.5 percent to the national GDP and sustained its ranking as one of the richest provinces nationwide.
Bataan posted the highest GDP growth rate in Central Luzon at 9.3 percent and is among the top five provinces with the largest economic output outside the National Capital Region.
The Philippine GDP for 2024 stood at P22.23 trillion, based on Statista and World Economics data, with a 5.7 percent full-year growth — below the government’s 6.0–6.5 percent target. The Department of Budget and Management (DBM) cited household spending and construction as key growth drivers, though global uncertainties and a severe typhoon season posed challenges.
The latest Provincial Product Accounts (PPA) results showed that all provinces recorded economic growth in 2024 compared with 2023. Eastern Samar posted the fastest annual growth at 10.2 percent, the only province to achieve double-digit expansion.
Other provinces that made it to the top 10 fastest-growing were Batanes (9.57%), Dinagat Islands (9.56%), Bataan (9.3%), Bohol (8.8%), Camiguin (8.6%), Marinduque (8.5%), Siquijor (7.9%), Tarlac (7.6%), and Misamis Occidental (7.5%). All top 10 provinces grew faster than the national rate of 5.7 percent.
The total GDP of all provinces was estimated at P12.44 trillion in 2024, representing 55.9 percent of the national output. Laguna sustained its position as the only province with a trillion-peso economy at P1.08 trillion and recorded the biggest share of the national GDP at 4.9 percent.
Laguna was followed by Cavite (3.7%), Batangas (3.1%), Bulacan (3.0%), Pampanga (2.7%), Cebu (2.0%), Pangasinan (1.8%), Rizal (1.7%), Nueva Ecija (1.5%), and Bataan (1.4%). Combined, these provinces accounted for 25.7 percent of the national economy.
Of the 82 provinces in the Philippines, 69 were predominantly services-based in 2024. Nine provinces were industry-based, while four relied primarily on agriculture, forestry, and fishing.
The PSA noted that the compilation of the PPA has been implemented nationwide since 2024. In 2025, the PPA was formally institutionalized through PSA Board Resolution No. 1, Series of 2025, dated 26 February.