The economy of Misamis Oriental expanded by 6.3 percent in 2023, a slowdown from the 9.1 percent growth in the previous year. The province’s economic growth translated to an additional value of PhP 9.92 billion to the economy, resulting to a total Gross Domestic Product (GDP) value of PhP 167.35 billion in 2023.

The economy of Misamis Oriental expanded by 6.3 percent in 2023, a slowdown from the 9.1 percent growth in the previous year. The province’s economic growth translated to an additional value of PhP 9.92 billion to the economy, resulting to a total Gross Domestic Product (GDP) value of PhP 167.35 billion in 2023.

The economy of the City of Cagayan de Oro further expanded by 9.4 percent in 2022. Such expansion, however, is slower than the 9.6 percent growth posted in the previous year. The recorded growth in 2022 translates to a Gross Domestic Product (GDP) of the city valued at PhP 261.78 billion, which surpassed the 2019 pre-pandemic level of PhP 239.27 billion.

The economy of the City of Cagayan de Oro further expanded by 9.4 percent in 2022. Such expansion, however, is slower than the 9.6 percent growth posted in the previous year. The recorded growth in 2022 translates to a Gross Domestic Product (GDP) of the city valued at PhP 261.78 billion, which surpassed the 2019 pre-pandemic level of PhP 239.27 billion. This is an indication that the city recovered from the economic losses caused by the pandemic.

The economy of Cagayan de Oro City posted a growth of 9.6 percent in 2021, a rebound from -8.8 percent decline in the previous year. In 2021, the Gross City Domestic Product (GCDP) of the City is valued at PhP 239.25 billion from the 2020 level of PhP 218.3 billion. The GCPD level in 2021 is slightly lower than the 2019 pre-pandemic level valued at PhP 239.27 billion.

The economy of the province of Misamis Oriental recorded a Gross Provincial Domestic Product (GPDP) of PhP 144.3 billion in 2021. This exhibited a growth of 4.0 percent, a rebound from a contraction of -11.6 percent in 2020.

The main contributors to the economy of Cagayan de Oro City were Wholesale and retail trade; repair of motor vehicles and motorcycles, Manufacturing, and Real estate and ownership of dwellings based on the 2018 to 2020 annual average share of 40.4 percent, 15.1 percent, and 7.7 percent respectively. Among the major industries, Services shared the highest three-year average share of 75.7 percent followed by Industry with 23.5 percent, and Agriculture forestry and fishing with 0.8 percent.

The major contributors to the economy of Misamis Oriental were Wholesale and retail trade; repair of motor vehicles and motorcycles, Manufacturing, and Agriculture, forestry, and fishing based on 2018 to 2020 annual average share of 20.0 percent, 18.3 percent, and 13.4 percent, respectively. Among the major industries, services shared the highest three-year average share of 46.3 percent, followed by Industry at 40.3 percent.