MALOLOS CITY (PIA) — The economy of Bulacan has sustained its growth in the last four years, and remains as the largest economy among the provinces in Central Luzon.
Data from the Philippine Statistics Authority (PSA) revealed that the province posted a P675.52 billion Gross Domestic Product (GDP) in 2024, up by seven percent from the P631.33 billion in 2023.
PSA Bulacan Chief Statistics Specialist Elmor Barroquillo said the province has a per capita GDP of P174,248.
Construction was the major contributor to Bulacan’s GDP growth, while manufacturing had the largest share.
Barroquillo cited the government’s infrastructure spending on big-ticket infrastructure projects such as the North-South Commuter Railway Project wherein construction of stations along Meycauayan to Malolos section entered its final stage, while the Malolos to Calumpit section is now in full swing.
Baliwag City is also home to the tunnel fabrication yard of the Metro Manila Subway Project.
These railway projects have contributed 14.4 percent to the construction sector.
Moreover, the manufacturing sector grew 30.6 percent which was also a result of the robust construction industry.
For instance, the Steel Asia Manufacturing Plant in Bulacan continues to receive bulk orders to supply steel in various tollway projects across the country.
On the part of the Provincial Government of Bulacan, Provincial Planning and Development Office Officer-In-Charge Randy Po has welcomed the results that the outcome of the provincial product accounts results were aligned with the targets.
He reiterated the provincial government’s commitment to continuing to aggressively spearhead investment promotions, increase agricultural productivity, and set a clear roadmap for the utilization of the mining industry. (CLJD/SFV, PIA Region 3-Bulacan)
