DAVAO CITY (MindaNews / 20 Dec) – The local economy of Davao City was estimated at P454.7 billion in 2021 despite the pandemic, the highest in the Davao Region composed of five provinces and one hi…
DAVAO CITY – The local economy of Davao City was estimated at P454.7 billion in 2021 despite the pandemic, the highest in the Davao Region composed of five provinces and one highly urbanized city, according to data from the Philippine Statistics Authority .Based on the Provincial Product Accounts of Davao Region, the agency said in a report dated December 19 that the city’s output accounted for 51.
The PPA, considered as a source of indicators that monitor economic development at the local level, is viewed “as a means to strengthen the planning and decision-making of provincial policymakers and stakeholders in crafting more informed economic policies.”
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