The province of Davao Occidental was cited as the second fastest growing economy in the entire region in 2021, based on the results of the Provincial Product Accounts of the Philippine Statistics A…
The province of Davao Occidental was cited as the second fastest growing economy in the entire region in 2021, based on the results of the Provincial Product Accounts of the Philippine Statistics Authority.
“It is worth noting that Davao Occidental is one of the 16 provinces among the 46 pilot provinces in the country that had already surpassed the 2019 pre-pandemic level, with 2021 GPDP higher than the 2019 GPDP level by 4.5 percent,” he stated. Madulin reported that of the 6.4% growth in 2021, the top contributor was services with 2.8%, closely followed by the industry with 2.6%. The agriculture, forestry, and fishing also contributed positively with 1.0%.The wholesale and retail trade industry followed with 1.5%; repair of motor vehicles and motorcycles ; and agriculture, forestry, and fishing .
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