The Richest Cities, Provinces in the Philippines - COA

A recent report from the Commission on Audit (COA) has reaffirmed Quezon City's status as the Philippines' wealthiest city in terms of assets as of 2022.

The report indicates that Quezon City, the largest and most populous city in Metro Manila, boasts assets amounting to P443.406 billion, slightly lower than the P451.007 billion recorded in 2021.

Similarly, Cebu maintains its position as the wealthiest province in the country, with assets reaching P235.738 billion, showing an increase from last year's figure of P215.27 billion.

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The country's 10 richest cities are:

1. Quezon City: P443.406 billion
2. Makati: P239.478 billion
3. Manila: P77.506 billion
4. Pasig City: P52.152 billion
5. Taguig: P40.840 billion
6. Mandaue: P34.231 billion
7. Cebu City: P30.545 billion
8. Mandaluyong P32.550 billion
9. Davao City: P29.701 billion
10. Paranaque: P27.376 billion

Meanwhile, the 10 richest provinces of the Philippines are:

1. Cebu: P235.738 billion
2. Rizal: P35.594 billion
3. Batangas: P31.999 billion
4. Davao de Oro: P23.107 billion
5. Ilocos Sur: P21.562 billion
6. Bukidnon: P21.058 billion
7. Iloilo: P19.977 billion
8. Negros Occidental: P19.419 billion
9. Cavite P19.342 billion
10. Pampanga P19.127 billion

The town of Carmona in Cavite is also still the country's richest municipality, with P6.522 billion in assets.

Carmona had P6.211 billion in assets in 2021.

The wealthiest municipalities in the Philippines are as follows:

1. Carmona, Cavite - P6.522 billion
2. Limay, Bataan - P 5.791 billion
3. Silang, Cavite - P4.454 billion
4. Caluya, Antique -P3.822 billion
5. Cabugao, Ilocos Sur - P3.805 billion
6. Cainta, Rizal - P3.766 billion
7. Taytay, Rizal - P3.670 billion
8. Binangonan, Rizal - P3.489 billion
9. Sta. Maria, Ilocos Sur - P3.267 billion
10. Sta. Cruz, Ilocos Sur - P3.215 billion

The figures are included in the 2022 Annual Financial Report for Local Government prepared by COA, as mandated by the Constitution and the Government Auditing Code of the Philippines.

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