The headline inflation of Davao del Norte decreased by 3.0 percentage points in February 2024 (3.5%) compared to its inflation rate in the same month last year, which was recorded at 6.5 percent. The current inflation rate (3.5%) of the province is higher compared to the headline inflation of the Philippines which was recorded at 3.4 percent but lower compared to the Davao Region which stood at 4.8 percent
The Philippine Statistics Authority (PSA) has a mandate of registering all vital events of a person in his lifetime. Through this mandate, Birth Registration Assistance Project (BRAP) was created to give assistance on the late registration of an individual. The “Friends Rescued” (FRs) are included as beneficiaries of BRAP. They were the former rebels (FR) or NPA fighters that laid down their arms and return to the fold of the law.
The inflation in Davao del Norte for bottom 30% income households decreased by 10.8 percentage points in January 2024 (-1.0%) compared to its inflation rate in the same month last year, which was recorded at 9.8 percent. The current inflation rate (-1.0%) in the province is lower compared to the inflation in the Philippines and Davao Region, which stood at 3.6 percent and 3.9 percent, respectively.
The headline inflation of Davao del Norte decreased by 5.9 percentage points in January 2024 (1.0%) compared to its inflation rate in the same month last year, which was recorded at 6.9 percent. The current inflation rate (1.0%) of the province is lower compared to the headline inflation of the Philippines and Davao Region, which stood at 2.8 percent and 4.4 percent, respectively.
The average inflation rate of Davao del Norte for the year 2023 was valued at 3.7 percent – lower by 2.2 percentage points compared to the province’s average inflation rate of 5.9 percent in 2022
The headline inflation of Davao del Norte decreased by 3.7 percentage points in
December 2023 (2.9%) compared to its inflation rate in the same month last year,
which was recorded at 6.6 percent. The current inflation rate (2.9%) of the province
is lower compared to the headline inflation of the Philippines and Davao Region,
which stood at 3.9 percent and 5.3 percent.
The headline inflation of Davao del Norte decreased by 3.8 percentage points in
November 2023 (3.2%) compared to its inflation rate in the same month last year,
which was recorded at 7.0 percent. The current inflation rate (3.2%) of the province
is lower compared to the headline inflation of the Philippines and Davao Region,
which stood at 4.1 percent and 4.9 percent, respectively.
The economy of Davao del Norte grew by 6.7 percent in 2022, surpassing the
5.1 percent growth in the previous year. The Gross Domestic Product (GDP) of the
province was estimated at PhP 168.61 billion in 2022
