Cebu retained its status as the country’s richest province for the 9th consecutive year in 2023. The Commission on Audit (COA) places its assets at P235.73 billion in 2022, with an increase of P20.43 billion from P215 billion in 2021.
This is largely through the growth of various industries including Tourism, Transportation, IT-BPM, Agricultural Sectors and Processing, Mining, Water, and Telecommunications that are supported by a skilled workforce, along with government infrastructure projects such as the Mactan-Cebu International Airport, the Metro Cebu Expressway, and the Cebu-Cordova Link Expressway that will bring additional growth in the years to come.