Davao City 5th fastest growing economy among HUCs in 2024

This is based on the national comparison of the 2024 economic performance of the 33 highly urbanized cities conducted by the Philippine Statistics Authority, which was

released on Tuesday, November 18, 2025. 

The City of Davao made it to the top five with 7.9 percent annual growth.  Puerto Princesa recorded the fastest annual growth at 9.8 percent, followed by City of Iligan 8.8 percent, City of Butuan 8.7 percent, and City of Tacloban at 8.2 percent. 

Davao City also ranked fifth among HUCs in terms of level and percent share to the national GDP for the year 2024 with 574.72 billion or 2.6 percent share to the total national GDP in 2024. 

Quezon City had the largest share at 6.0 percent, followed by City of Makati and City of Manila, City of Taguig with 5.4 precent, 4.7 percent, and 3.0 percent shares, respectively. CIO