All provinces and Highly Urbanized Cities (HUCs) in Northern Mindanao recorded positive economic growths in 2023 from their levels in 2022. Camiguin registered the fastest growth at 11.0 percent, followed by Misamis Occidental at 6.7 percent, and Misamis Oriental at 6.3 percent. Moreover, the two HUCs of the region, City of Cagayan de Oro and City of Iligan, grew by 5.8 percent and 5.7 percent, respectively. These five economies grew faster than the regional GDP growth of 5.3 percent in 2023. (Figure 1)

Figure 1. Economic Performance of Provinces and HUCs in Northern Mindanao 
In Terms of Growth Rate (in Percent), 2022 to 2023 
At Constant 2018 Prices 

In terms of share to the regional economy in 2023, City of Cagayan de Oro had the biggest share of 28.1 percent, followed by Bukidnon with a share of 26.2 percent. Together, these two economies accounted for more than half of the PhP 984.75 billion GDP of Northern Mindanao in 2023. (Figure 2)

Figure 2. Share of Provinces and HUC to Northern Mindanao’s GDP 
At Constant 2018 Prices, 2023 

Complete statistical tables, charts, and data visualizations on the PPA results of Northern Mindanao can be accessed at psa.gov.ph/statistics/ppa. Results of the PPA are also released by the respective provincial offices of the PSA at rsso10.psa.gov.ph/statistics/ppa.

DIVINA GRACIA L. DEL PRADO, PhD 
Assistant Secretary 
Deputy National Statistician 
Sectoral Statistics Office