BY ALJAVE M. MONTEROLA & LEE JOSHUA L. SARDOMA/DNSC Interns
DAVAO Region’s economy has reached ₱1.14 trillion in 2025, posting a 5.1% growth from the previous year and marking its third consecutive year as a trillion-peso economy.
The region remained the fifth-largest economy in the country, accounting for 4.9% of the national gross domestic product, and ranked as the fourth fastest-growing among 18 regions, the Philippine Statistics Authority XI reported on Thursday, April 23, 2026.
Growth, however, eased compared to the 6.3% expansion in 2024, although the region continued to expand, largely driven by the services sector.
Services accounted for the biggest share of the economy at 62.1%, equivalent to ₱707.15 billion, and grew by 6.9%.
Within the sector, wholesale and retail trade, including repair of motor vehicles and motorcycles, made up the largest portion at 38.9%, followed by financial and insurance activities at 12.6%, and professional and business services at 7.5%.
The industry sector contributed 24.7%, or ₱281.01 billion, posting a 2.7% growth.
Construction dominated the sector with 45.4%, followed by manufacturing at 40.8%, electricity, steam, water, and waste management at 10%, and mining and quarrying at 3.7%.
Meanwhile, agriculture, forestry, and fishing accounted for 13.2%, or ₱149.68 billion, growing by 1.9%.
Crop production comprised the bulk of the sector at 65.8%, followed by livestock and poultry and other animals at 19.7%, support activities at 11.1%, fishing at 3.4%, and forestry at 0.01%.
Among the fastest-growing industries during the period were public administration and defense, human health and social work, and transportation and storage.
On the expenditure side, imports of services from the rest of the world posted the highest growth at 18.7%, followed by imports of goods at 16.8%, and exports of goods at 11%.
Per capita gross regional domestic product rose to ₱206,727 in 2025, up by 4.1% from ₱198,496 in 2024, and 5.3% higher than ₱188,571 in 2023, indicating improved economic output per resident.
The PSA said gross regional domestic product measures the value of goods and services produced within a region and serves as a key indicator of overall economic performance.
