The economy of City of Cebu is driven by the following industries: Wholesale and retail trade, repair of motor vehicles and motorcycles, Financial and insurance activities, and Real estate and ownership of dwellings based on the 2018 to 2020 annual average share of 25.0 percent, 18.5 percent, and 10.6 percent respectively. In 2019, the economy of the city grew by 8.0 percent but declined by 10.2 percent in 2020.Read more about City of Cebu’s economy is mainly driven by Wholesale and retail trade, repair of motor vehicles and motorcycles from 2018 to 2020.

 

The economy of the Province of Cebu is driven by the following industries: Manufacturing with 17.6 percent, Wholesale and retail trade, repair of motor vehicles and motorcycles with 13.7 percent, Real estate and ownership of dwellings, and Professional and business services with 11.5 percent based on the 2018 to 2020 annual average share. In 2019, the economy of the province grew by 4.7 percent but declined by 8.9 percent in 2020.Read more about The economy of the Province of Cebu is mainly driven by Manufacturing from 2018 to 2020.