At 8.1% GROWTH, Davao Region ranked 3rd with the fastest-growing economy among the 17 regions in the country in 2022 according to the Philippine Statistics Authority.
The Davao Investment Conference 2023 is a prime opportunity for investors, entrepreneurs, and industry leaders to come together and unlock the potential of Davao. Davao ICon 2023 was a huge success held at SMX Convention Center, SM Lanang Premier, Davao City.
Participants got the chance to connect with key players, explore promising opportunities, and be part of the transformative journey that is shaping the future of Davao Region.
2021 – 2022 Growth Rate: 3.1%
2021 – 2022 Growth Rate: 3.4%
2021 – 2022 Growth Rate: 35.6%
Tourism is a major contributor to the economy which registered the highest growth rate in Davao Region’s economic performance in 2022. The region is home to numerous natural attractions such as beaches, waterfalls, caves, and mountain, as well as cultural and historical landmarks.
2021 – 2022 Growth Rate: 10%
The region’s ICT industry is poised for exponential growth, as indicated by the projection that direct employment opportunities in the sector will double by 2028, reaching an impressive 150,000 full-time equivalents (FTEs) while Indirect Employment will soar 3x of the project FTEs.
2021 – 2022 Growth Rate: 5.9%
Property development in Davao Region is a thriving industry, driven by the region’s strong economic growth and the increasing demand for housing and commercial spaces. The region has seen a significant increase in property values and demand for both residential and commercial properties.