DAVAO CITY (MindaNews / 23 April) – Davao Region’s economy grew by 5.1% in 2025, primarily driven by the services sector, which expanded by 6.9%, according to the Philippine Statistics Authority (PSA)-Davao. This positioned the region as the fourth fastest-growing economy among the Philippines’ 18 regions. The region’s gross regional domestic product (GRDP) reached P1.14 trillion, an increase of P55.69 billion from P1.08 trillion in 2024. Baby Jean P. Alid, PSA-Davao Region officer-in-charge, highlighted that the GRDP was fueled by strong performances in services, industry, and agriculture, forestry, and fishing sectors during a news conference at the Apo View Hotel Davao. Services contributed P707.15 billion (62.1%) to the economy, followed by industry at P281.01 billion (24.7%) and agriculture, forestry, and fishing at P149.68 billion (13.2%). The services sector grew by 6.9%, while industry and agriculture expanded by 2% and 1.9%, respectively, with agriculture rebounding from a -0.4% decline in 2024. Davao Region’s economic growth outpaced the national GDP of 4.40% in 2025. Western Visayas led with a 6.4% GRDP growth, followed by Caraga (5.704%) and Negros Island Region (6.699%), while Bicol Region recorded the lowest growth at 0.5%. The GRDP measures the value of goods and services produced in a region over a specific period. The fastest-growing industries were public administration and defense (13.4%), human health and social work (9.8%), and transportation and storage (8.2%).
