The Gross Domestic Product (GDP) of Davao de Oro estimated at 93.10 billion pesos in 2022 grew by 6.1 percent, albeit slower than the 7.4 percent growth rate registered in the previous year. (figure 1)

Among major industries, Industry and Services increased by 9.8 percent and 8.7 percent, respectively. Meanwhile, Agriculture, forestry, and fishing declined by 0.5 percent. Among the 16 industries, Accommodation and food service activities recorded the fastest growth with 34.4 percent. This was followed by Other services with 29.2 percent, and Mining and quarrying with 26.8 percent. (Table 2)

However, in terms of contribution to the province’s 6.1 percent GDP growth, Mining and quarrying contributed the most with 2.1 percentage points, followed by Wholesale and retail trade; repair of motor vehicles and motorcycles with 1.8 percentage points, and Construction with 0.4 percentage point.

Agriculture, forestry, and fishing accounted for the largest share in the economy of Davao del Sur at 29.5 percent, followed by Wholesale and retail trade; repair of motor vehicles and motorcycles at 18.1 percent, and Construction at 14.2 percent. (Figure 2)

Among the five provinces and one Highly Urbanized City (HUC) in Davao Region, Davao de Oro accounted for 9.8 percent of the PhP 954.07 billion Gross Regional Domestic Product (GRDP) in 2022. (Figure 3)

The Philippine Statistics Authority (PSA) established through Republic Act No. 10625, otherwise known as the Philippine Statistical Act of 2013, is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and subnational levels.

The Provincial Product Accounts or PPA has been the mechanism of the PSA to compile the annual estimates of Gross Domestic Product by province/HUC, consistent with the National and Regional Accounts of the Philippines. In 2023, all provinces and HUCs of Davao Region continue to implement the PPA since its inception in 2021, together with other pilot regions. As of 2023, there are a total of 82 provinces and 17 HUCs compiling the PPA.

Full data series, charts, and data visuals of PPA Davao Region can be accessed at the PPA landing page of the PSA (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso11.psa.gov.ph/ppa).