Economy in Iloilo City
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Iloilo City, Visayas
Iloilo City's economy is characterized by robust growth, particularly in the services sector, which accounts for the majority of its economic output. Key industries include Business Process Outsourcing (BPO), professional and business services, healthcare, education, and tourism. The city has a strong job market, with a low unemployment rate and a high job placement rate, indicating a demand for skilled workers. The IT-BPM industry is a significant employer, with numerous companies operating in the city. Iloilo City is also actively promoting entrepreneurship and innovation, with initiatives aimed at supporting startups and developing new industries, such as engineered bamboo.
Economy & Jobs
Top Industries
About Iloilo City, Visayas
Iloilo City, located on the southeastern coast of Panay Island in the Western Visayas region of the Philippines, boasts a rich history dating back to Spanish colonial times when it was established as the second Spanish center after Cebu. It was once known as the "Queen City of the South" and was the last capital of the Spanish Empire in Asia. Today, Iloilo City is a vibrant and dynamic urban center, serving as the regional hub for trade, commerce, education, healthcare, and culture. Its strategic location, coupled with a growing economy and a commitment to sustainable development, makes it an attractive destination for both residents and investors.
About Visayas
The Visayas, located in the central Philippines, is an island group known for its diverse landscapes, vibrant culture, and relaxed lifestyle. The economy is driven by a mix of agriculture, with products like sugarcane, corn, and rice, and a growing services sector, particularly tourism, IT-BPM, manufacturing, and construction. The climate is tropical, characterized by warm temperatures and high humidity year-round, with distinct wet and dry seasons and susceptibility to typhoons. Living costs in the Visayas are generally lower than in major metropolitan areas like Metro Manila, making it an appealing option for those seeking a more affordable lifestyle.