In 2023, the population in urban agglomerations of the Philippines with more than 1 million inhabitants stood at 16.61 million. In 2024, the forecasted number is 16.883 million, reflecting a year-on-year increase of approximately 1.64%. The growth continues with year-on-year increases of about 1.66% for 2025, 1.62% for 2026, 1.57% for 2027, and 1.53% for 2028. Over the past two years, the variation shows a steady increase, averaging around 1.60% annually. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.60%.
Future trends to watch include:
• Urbanization rate: Accelerated urbanization may push the growth rate higher.
• Infrastructure development: Enhanced infrastructure could attract more population to urban areas.
• Economic conditions: Economic factors and opportunities in urban centers could influence migration and population growth.
