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==Economy== {{See also|Economy of the Philippines}} {{more citations needed section|date=September 2013}} [[File:CAG Skyline Jan 2018.jpg|thumb|[[Cagayan de Oro]] skyline in 2018]] 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.<ref name="Mindanao fold">{{Cite web |last=Tubayan |first=Elijah Joseph C. |date=January 7, 2018 |title=Bringing Mindanao Into the Fold |url=https://www.bworldonline.com/bringing-mindanao-fold/ |url-status=live |archive-url=https://web.archive.org/web/20190119230757/https://www.bworldonline.com/bringing-mindanao-fold/ |archive-date=January 19, 2019 |access-date=January 19, 2019 |website=BusinessWorld}}</ref> There is one defined growth corridor in the island, namely [[Metro Davao]]. Other growth centers are: Cagayan de Oro, General Santos, Zamboanga City, Cotabato City, and Pagadian City.<ref name="Mindanao fold"/> 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.<ref>{{Cite news |last=Alama |first=Rudolph Ian |date=May 10, 2018 |title=Davao Region Surprises with Historic 10.9% GRDP Growth in 2017 |work=Philippine Information Agency |url=https://pia.gov.ph/news/articles/1007686 |access-date=September 15, 2018 |archive-url=https://web.archive.org/web/20180915230030/https://pia.gov.ph/news/articles/1007686 |archive-date=September 15, 2018}}</ref> 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|Brunei Darussalam]] and parts of [[Malaysia]] and [[Indonesia]].<ref>{{Cite web |title=Davao |url=https://reserbasyon.info/%e6%9c%aa%e5%88%86%e9%a1%9e/davao.html |archive-url=https://web.archive.org/web/20190120043107/https://reserbasyon.info/%e6%9c%aa%e5%88%86%e9%a1%9e/davao.html |archive-date=January 20, 2019 |access-date=January 19, 2019 |url-status=usurped |website=Reserbasyon}}</ref>{{better source needed|date=December 2021}} There is also a growing call center sector in the region, mostly centered in [[Davao City]]. === Upcoming developments === Some 2,130 government-led infrastructure projects worth P547.9 billion have also been lined up for Mindanao until 2022. NEDA official said that 68% of that budget will be allotted for the transportation sector, while 16% will go to water resources, and 6% to social infrastructure. Of this amount, 18 infrastructure projects have been identified as "flagship projects", five of them have already been approved by President Rodrigo Duterte. The projects include the [[Philippine peso|β±]]35.26 billion Tagum-Davao-Digos Segment of the [[Mindanao Railway]], the β±40.57 billion Davao airport, the β±14.62 billion Laguindingan airport, the β±4.86 billion Panguil Bay Bridge Project, and the β±5.44 billion Malitubog-Maridagao Irrigation Project, Phase II. Projects in the pipeline are the second and third phases of the Mindanao Railway; the Agus-Pulangi plant rehabilitation; the Davao expressway; the Zamboanga Fish Port Complex rehabilitation; the Balo-i Plains Flood Control Project; Asbang Small Reservoir Irrigation Project; the Ambal Simuay Sub-Basin of the Mindanao River Basin Flood Control and River Protection Project; as well as the Road Network Development Project in Conflict-Affected Areas in Mindanao project.<ref name="Mindanao fold" />
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