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Davao City drives growth in the south
Manila Bulletin
|April 6, 2025
The bustling city sets the standard for progress in the region
In Davao region, the City of Davao is driving growth with an upbeat economy and widening opportunities for business, modern living and leisure.
The highly urbanized city registered 52.3 percent of the total gross domestic product, the largest share in the region in 2023. Davao City's gross domestic product (GDP) grew to P532.54 billion in 2023, recording a 7.5 percent increase from P495.40 billion in 2022. Other services registered the highest growth at 21.7 percent, followed by accommodation and food service activities at 21.3 percent, and transportation and storage at 13.1 percent, according to the data released by the Philippine Statistics Authority data in December 2024.
Diese Geschichte stammt aus der April 6, 2025-Ausgabe von Manila Bulletin.
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