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Economy of Davao


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Davao is part of the East Asian Growth Area, a regional economic-cooperation initiative in Southeast Asia.

In 2011, Davao City ranked 87th among the world's fastest-growing cities by the City Mayors Foundation, based in London and Freiburg, Germany. According to the foundation, the city has a projected average annual growth of 2.53 percent over a 15-year period; Davao was the only Philippine city to reach the top 100.

Davao, playing the role as the country's fruit basket, is a leading national producer as well as the island's leading exporter of fruits such as mangoes, pomeloes, bananas, coconut products,

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