page_title: Mindanao
section_title: Economy
hierarchical_section_title: Mindanao / Economy
caption_attribution_description: English: Cagayan de Oro Skyline taken from New Dawn Hotel Plus
context_page_description: Mindanao, also commonly known as Southern Philippines, is the second-largest island in the Philippines. Mindanao and the smaller islands surrounding it make up the island group of the same name. Located in the southern region of the archipelago, as of the 2010 census, the main island was inhabited by 20,281,545 people, while the entire Mindanao island group had an estimated population of 25,537,691.
  Mindanao is divided into six administrative regions: the Zamboanga Peninsula, Northern Mindanao, the Caraga region, the Davao region, Soccsksargen, and the Bangsamoro Autonomous Region in Muslim Mindanao. According to the 2015 Philippine Population Census, Davao City is the most populous city on the island, with 1,632,991 residents, followed by Zamboanga City, Cagayan de Oro, General Santos, Iligan, Butuan and Cotabato City. About 70% of residents identify as Christian and 24% as Muslim.
  Mindanao is considered the major breadbasket of the Philippines, with eight of the top 10 agri-commodities exported from the Philippines coming from there.
  Mindanao is known as "The Philippines' Land of Promise".
context_section_description: Mindanao's economy accounts for 14% of the country's gross domestic product. The region grew 4.9% in 2016 against Luzon's 5.5% and Visayas' 9.1%.
  Agriculture, forestry and fishing make up more than 40% of Mindanao's market, being the country's largest supplier of major crops such as pineapples and bananas.
  There are 2 defined growth corridors in the island namely Metro Davao and Metro CDO. Other regional centers are: Zamboanga City, General Santos City, Butuan City, Cotabato City, Dipolog City, Jolo, Surigao City, Pagadian City, Koronadal City, and Tagum City.
  Being the top-performing economy in Mindanao, Davao Region has the 5th-biggest economy in the country and the second-fastest-growing economy next to Cordillera Autonomous Region. While the region's economy is predominantly agri-based, it is now developing into a center for agro-industrial business, trade and tourism. Its competitive advantage is in agri-industry as its products, papayas, mangoes, bananas, pineapples, fresh asparagus, flowers, and fish products are exported internationally. The region can be a vital link to markets in other parts of Mindanao, Brunei Darussalam and parts of Malaysia and Indonesia.
  There is also a growing call center sector in the region, mostly centered in Davao City.
caption: Cagayan de Oro skyline in 2018
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