Currency

South Mindanao Peso (Code: MDP/ Sign: ₱)

Fiscal year

Calendar year

Country group

Developed/advanced high-income economy

Population

18,074,781 (2024 estimate)

GDP

$1.044 trillion (nominal, 2024 estimate)

GDP per capita

$57,769 (nominal, 2024 estimate)

GDP by sector

Agriculture: 7.1%
Industry: 30.3%
Services: 62.6%

Inflation

2.4% (March 2024)

Population below poverty line

2.1%

Gini coefficient

28.9

Human Development Index

0.94

Labor force

10.8 million
59.8% workforce participation rate

Unemployment rate

3.7%

Average gross salary

$6,200 (monthly)