Philippine Standard Time:
Services Drives Davao del Sur’s 6.5 Percent Economic Growth in 2023
The economy of Davao del Sur grew by 6.5 percent in 2023. This was an increase in the province’s total Gross Domestic Product (GDP) from PhP103.71 billion to PhP110.46 billion.
Among the 16 industries, the fastest growths were Other services with 21.1 percent, Transportation and storage with 20.9 percent, and Financial and insurance activities, which expanded by 13.6 percent. (Figure 1)
Services-Based Activities Drive Davao City's 7.5 Percent Economic Growth in 2023
The economy of Davao City grew by 7.5 percent in 2023. This was an increase in the Gross Domestic Product (GDP) from PhP 495.40 billion in 2022 to PhP 532.54 billion in 2023.
Among the 16 industries, the fastest growth was observed in Other services with 21.7 percent. This was followed by Accommodation and food service activities with 21.3 percent, and Transportation and storage with 13.1 percent. (Figure 1)
PSA Rolls Out National ID Registration for Children Aged 0-11 Months
Davao City – The Philippine Statistics Authority (PSA) Davao del Sur is now accepting registrations for children aged 0 to 11 months old to the National Identification (ID) System.
