Economy of Cebu

{{Short description|none}}

{{Orphan|date=October 2022}}

{{Infobox economy

| country = the Province of Cebu

| image = Cebu City (Aerial).jpg

| caption = Cebu City, the financial centre of Cebu

| currency = Philippine peso (₱)

| population = {{increase}} 5,238,915 {{cite web|url=https://doh.gov.ph/sites/default/files/publications/Age-Specific%20Population%20Projection%2C%202022%2C%20Region%207.pdf|title=Region/Province/City/Barangay - DOH|publisher=DOH|access-date=May 21, 2022}}

| gdp = {{increase}} $6.704 billion (nominal, 2021 est.)

| gdp rank = 2nd (nominal, 2021 est.)

| growth = {{increase}} 5.4% (2021)

| per capita = {{increase}} $1,279 (nominal, 2021 est.)

| sectors = {{plainlist|

• Agriculture: 3.7%
• Industry: 2.3%
• Services: 6.4%
• (2020){{cite web|url=http://rsso07.psa.gov.ph/sites/default/files/2022-SR22-001.pdf|title=2018 to 2020 Economic Performance of Cebu Province|publisher=PSA|access-date=January 5, 2022}}

}}

| inflation = 11.6% (September 2022 est.)

| risk of poverty = 14.76% below poverty line (2018 est.){{cite web|url=https://psa.gov.ph/content/poverty-incidence-pi|title=Poverty incidence (PI)|publisher=PSA|access-date=December 28, 2020}}

| unemployment = 6.37% (2022)

| hdi = {{increase}} 0.740 {{color|green|high}} (2019)

}}

The economy of the Province of Cebu is the 2nd largest in the Philippines according to the Philippine Statistics Authority.https://psa.gov.ph/ppa/id/168527https://psa.gov.ph/ppa/id/168439 In 2021, the Cebuano's combined economy peaked at P869.9 billion, making it the 2nd largest in the nation next to Laguna P922.3.https://psa.gov.ph/ppa/id/168527https://psa.gov.ph/ppa/id/168439

According to COA, Cebu has been currently reigning as one of the most populous province and the most richest province in the region for 8 consecutive times.{{Cite web |date=2022-10-17 |title=Cebu is richest province in PH for eighth straight time |url=https://cebudailynews.inquirer.net/469615/cebu-is-richest-province-in-ph-for-eighth-straight-time |access-date=2022-10-18 |website=INQUIRER.net |language=en}}