The economy of Davao del Norte increased by 6.0 percent in 2023, which is slower compared to the 6.7 growth recorded in 2022. This represents an increase in the Gross Domestic Product (GDP) from PhP 168.66 billion in 2022 to PhP 178.72 billion in 2023. (Figure 1)

Figure 1. Gross Domestic Product of Davao del Norte

In Terms of Levels (in Billion PhP) and Growth Rates (in Percent)

At Constant 2018 Prices, 2021 to 2023

Source: Philippine Statistics Authority

Among the 16 industries, the fastest growths were observed in Other Services with 22.6 percent, Construction with 13.4 percent, and Financial and insurance activities with 13.3 percent. 

On the other hand, Agriculture, forestry, and fishing posted the slowest growth rate of 0.7 percent. (Figure 2)

Full data series, charts, and data visuals of the results of Provincial Product Accounts (PPA) of Davao del Norte in 2023 can be accessed at the PPA landing page of Philippine Statistics Authority (PSA) (psa.gov.ph/statistics/ppa), and PSA Regional website (rsso11.psa.gov.ph/statistics/ppa). 

PEPITO D. AMOYEN

Chief Statistical Specialist