The economy of the City of Iligan posted an accelerated growth of 7.6 percent in 2022. The Gross Domestic Product (GDP) of the city was valued at PhP 77.02 billion in 2022 from PhP 71.60 billion in the previous year.

The Gross Domestic Product (GDP) of the City of Iligan increased on an accelerated rate of 7.6 percent in 2022 bringing its GDP value at PhP 77.02 billion.

The economy of Lanao del Norte grew by 3.0 percent in 2022, slower than its recorded growth in 2021 at 3.2 percent. Despite its decelerated growth, the further economic expansion brought the province’s Gross Domestic Product (GDP) at PhP 59.83 billion surpassing its 2019 pre- pandemic GDP level of PhP 59.32 billion. Exceeding the GDP level in 2019 is an indication of recovery of the province from the economic losses brought about by the pandemic.

The Gross Domestic Product (GDP) of Lanao del Norte grew by 3.0 percent in 2022 which translates to a value of PhP 59.83 billion. The economic expansion was slower than the 3.2 percent growth registered in the previous year. Despite the decelerated growth, the province was able to reach a GDP level that exceeds the 2019 pre-pandemic level of PhP 59.32 billion. This is an indication that the province had recovered from the negative effects of the pandemic.