DAVAO City was hailed as the ninth richest city outside Metro Manila, while Davao Oriental was the fourth fastest-growing province and highly urbanized city , based on the Provincial Product Accounts of the Philippine Statistics Authority ..Data released by PSA showed that Davao City’s per capita Gross Domestic Product reached P258,811 in 2022.Per capita GDP measures the growth of the economy per person in a particular area. It gauges how wealthy or poor an area is.
Also included in the top 10 were Cagayan de Oro in the second spot, Lapu-Lapu City, Iloilo, Bataan, Cebu City, Laguna, Mandaue, and Batanes, in ascending order, respectively..Davao Oriental, meanwhile, ranked sixth in the category for the Fastest-Growing Provinces and HUCs in Terms of Per Capita GDP Annual Growth Rates at Constant 2018 Prices for 2021-2022.The lone province in Davao Region's GDP growth is at 11 percent.Aklan recorded the fastest per capita GDP growth of 21.5 percent.
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