The economy of Ilocos Region accelerated by 7.1 percent in 2023 accounting to 701.5 billion pesos, from the 654.8 billion pesos of the previous year. The region is the third fastest growing economy among the 17 regions in the country.

The economy of llocos Region accelerated by 7.1 percent in 2023 accounting to 701.5 billion pesos, from the 654.8 billion pesos of the previous year. The region is the third fastest growing economy among the 17 regions in the country.

The economy of Ilocos Region grew by 7.6 percent in 2022 accounting to 654.9 Billion Pesos.

The Gross Regional Domestic Product (GRDP) of Ilocos Region was valued at PhP 654.87 billion in 2022. Pangasinan emerged as the top contributor to the GRDP registering 53.9 percent or PhP_352.93 billion.