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Economy

Poverty incidence of Davao City

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

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. As the largest city economy in Mindanao, Davao City also serves as the largest local economy in southern Philippines.