Business Forecast in Davao

Business Forecast in Davao 

Davao Review Guide

Topic: Business Forecast, Small & Medium Entrepreneur, Local Economy, Davao City, Davao Region, Mindanao, Philippines

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Business Forecast in Davao

How was davao business forecast in 2019?, Since the 1st quarter of this year 2019 davao region has sustain an even stronger economic performance base on its gross regional domestic product ( GRDP ) that is expected to grow between 9.5% to 10.5% in 2018.meaning to say that davao's economic growth is ever increasing.

 According to NEDA ( National Economic Development Authority ) in Region XI the davao region that was composed of the provinces of Davao Del Norte, Davao Del Sur, Compostela Valley,Davao Oriental, Davao Occidental,and the cities surrounding of Davao such as Tagum, Panabo, Samal, Digos & Mati have mainly contributed largely to the countrys GDP's growth.

Davao Regions Economic Growth Activity

Davao City Main Downtown Area

Since last year 2018 rising inflation peaking at 7.9% has insignificantly impacted on the davao's region economic growth, thanks to its stronger growth performance in terms of tourism, manufacturing, construction, and the business industry sector whether small or medium business enterprise.

Investment in the davao region are still going strong in terms of real estate property, housing construction, small & medium business enterprise will further boost the regions growth performance.

Growth Performance Indicative

Davao region is the second fastest economic growth thats indicated for more condusive business in the region in terms of GRDP or ( Gross Regional Domestic Product ) level throughout the country, we can predict its sustainability and strong performance in 2019.

The local economy will continue to grow this year driven by the service industry and toursim and its main economic drivers, the regions economic prospect is very much positive-Thats according the Davao City Chamber of Commerce & Industry

So if you are looking for an business opportunity whether small & medium business entrepreneur or investing in a real estate property there is no better place to start with but in davao region particularly in davao city philippines.

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