DAVAO City ranked 5th among 33 Highly Urbanized Cities (HUCs) in the country, according to the Philippine Statistics Authority 2023 Provincial Products Account of Davao Region June 30 report.
The city contributed PhP 532.54 billion at constant 2018 prices to the country’s Gross Domestic Product (GDP), representing a 2.5% share.
The city was behind the cities of Quezon, which contributed P1.27 trillion (6.0%); Makati with P1.18 trillion (5.6%); Manila with P987.88 billion (4.7%); and Taguig with P566.19 billion (2.7%).
The city surpassed cities of Pasig, Paranaque, Pasay, Cebu, and Mandaluyong.
It is the only city that made it to the top 10 among the provinces and HUCs in Mindanao in 2023.
At constant 2018 prices from 2022-2023, and in terms of growth rates, the city posted the fastest growth at 7.5 percent.
It was followed by Davao del Sur and Davao de Oro with 6.5 percent and 6.1 percent, respectively.
In 2023, the Davao Region’s Gross Regional Domestic Product (GRDP) was valued at P 1.02 trillion, with the city contributing the largest share of 52.3 percent.
Davao del Norte and Davao del Sur followed with 17.6 percent and 10.8 percent shares, respectively.
In terms of share of the Gross Value Added, which the Davao region posted P147.18 billion, Davao City ranked first, accounting for 52.8 percent.
The GVA of Industry includes GVA of Mining and quarrying, Manufacturing, Electricity, steam, water and waste management, and Construction.
In terms of GVA of services, the city also accounted for the largest with 60.8 percent of the total P620.08 billion.
The GVA of Services includes GVA of Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities; Information and communication; Financial and insurance activities; Real estate and ownership of dwellings; Professional and business services; Public administration and defense; compulsory social security, Education, Human health and social work activities; and other services.
