In 2024, Zamboanga City posted the fastest economic growth in the Zamboanga Peninsula at 4.9 percent. This result signals a strong rebound outpacing neighboring provinces and reshaping regional expectations.
Industry Engines Pushing Upward
Among sectors, professional and business services led growth at 14.7 percent, followed by financial and insurance at 11.2 percent, and transportation and storage at 10.1 percent.
These gains reflect increasing demand for corporate support, trade logistics, and financial linkages.
Challenges Behind the Numbers
While services are surging, the agriculture, forestry and fishing sector declined by 5.2 percent in 2024. This drop highlights vulnerability in rural and coastal economies, and underscores the need for economic diversification.
Zamboanga City’s top performance in 2024 demonstrates the city’s growing importance as a regional economic hub. But sustaining momentum will require balanced growth lifting lagging sectors while capitalizing on the strengths of services and logistics. With the right balance of industry growth and inclusive progress, Zamboanga City can turn its economic gains into opportunities that uplift every corner of the peninsula.
