The economy of the Province of Cebu is the 2nd largest in the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

according to the

Philippine Statistics Authority The Philippine Statistics Authority (; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and gene ...

. 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. 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.

Ceboom

Ceboom Ceboom (sometimes spelled in all caps) is a portmanteau of "Cebu" and "boom", and has been used to refer to the rapid economic development of Cebu from the late 1980s to the early 1990s. The economic miracle After Emilio Mario Osmeña won the Ceb ...

" is a combination of the term ''Cebu'' and ''boom.'' It is primarily described the province's rapid economical development in 1990. Before the event of Ceboom, Cebu was primarily crossed by Typhoon Mike. It damaged thousands of houses in Cordova and leaving ships sinking. After the incident, renovation and construction were started and two major shopping companies opened in Cebu, ShoeMart or SM (now as SMPH) and Ayala opened that period. More projects were proposed and the

Marcelo Fernan Bridge The Marcelo Fernan Bridge, also known as the Second Cebu–Mactan Bridge and locally as the Second Bridge, is an extradosed cable-stayed bridge located in Metro Cebu in the Philippines. It crosses the Mactan Channel, connecting Mandaue in mainl ...

was constructed then after.

References

Cebu Cebu ( ; ), officially the Province of Cebu (; ), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 surrounding islands and islets. The coastal zone of Cebu is identified as a ...

Cebu {{econ-stub

Ceboom

See also

References