The economy of the City of Olongapo grew by 7.5 percent in 2023 from the 9.8 percent growth in the previous year. The Gross Domestic Product (GDP) of the City of Olongapo was estimated at PhP 56.01 billion, PhP 3.08 billion higher than the pre-pandemic level of 2019. (Figure 1)

Among the industries, the fastest year-on-year growths were observed in Accommodation and food service activities with 31.0 percent, followed by Other Services with 22.9 percent, and Transportation and Storage with 13.5 percent. On the other hand, Agriculture, Forestry, and Fishing posted a negative growth rate of 12.7 percent. (Figure 2)

Full data series, charts, and data visuals of the results of the PPA of the City of Olongapo can be accessed at the PPA landing page of the Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso03.psa.gov.ph/ppa).

NORMAN L. BUNDALIAN
Chief Statistical Specialist