COA: Makati still the Philippines’ richest city, Cebu the richest province

With total assets worth US$4.48 billion in 2018, Makati City is still the wealthiest city in the Philippines. The worth of Makati’s assets increased by US$680 million increase from US$3.80 billion in 2017.

Placing a far second is Quezon City, with assets worth $1.69 billion in 2018. Quezon City’s total assets are up by US$370 million compared with its 2017 total of US$1.32 billion.

Among provinces, Cebu remains the richest with $690 million in total assets in 2018, which is $30 million over the 2017 record of $660 million. Behind it in second place is mineral-rich Compostela Valley with $380 million, followed by Batangas with $350 million and Rizal with $348 million.

The top 10 richest cities in the Philippines

  1. Makati City: $4.48 billion
  2. Quezon City: $1.69 billion
  3. Manila: $790 million
  4. Pasig City: $710 million
  5. Cebu City: $660 million
  6. Taguig City: $480 million
  7. Caloocan City: $360 million
  8. Pasay City: $350 million
  9. Davao City: $320 million
  10. Calamba City: $240 million

Top 10 richest provinces in the Philippines

  1. Cebu: $690 million
  2. Compostela Valley: $380 million
  3. Batangas: $350 million
  4. Rizal: $348 million
  5. Bukidnon: $300 million
  6. Negros Occidental: $240 million
  7. Laguna: $220 million
  8. Iloilo: $220 million
  9. Palawan: $220 million
  10. Zambales: $220 million

Top 10 richest municipalities in the Philippines

  1. Cainta, Rizal: $860 million
  2. Mariveles, Bataan: $590 million
  3. Sual, Pangasinan: $540 million
  4. Sto. Tomas, Batangas: $500 million
  5. Binangonan, Rizal: $430 million
  6. Caluya, Antique: $420 million
  7. Tanay, Rizal: $390 million
  8. Carmona, Cavite: $380 million
  9. Silang, Cavite: $370 million
  10. Calaca, Batangas: $360 million


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