Quezon City Named Richest City in the Philippines for Second Consecutive Year

Quezon City has again edged out Makati for richest local government unit in the Philippines (LGU), according to the Commission on Audit (COA)'s annual financial report.

The most populous city in the country had played second fiddle to Makati for years before eclipsing it in 2020. With roughly P451 billion worth of assets, Quezon City sat atop the richest cities list despite its assets falling short of P1 billion from 2020. Makati City, meanwhile, came in second with P238.5 billion. Taguig, on the other hand, saw its assets skyrocket to P36 billion, edging out Cebu and Mandaue.

Top 10 Richest Cities in the Philippines

Quezon City

Photo by SHUTTERSTOCK.

Here's the complete list:

1| Quezon City (P451 billion)

2| Makati (P238.5 billion)

3| Manila (P65 billion)

4| Pasig (P51 billion)

5| Taguig (P36 billion)

6| Cebu (P33.3 billion)

7| Mandaue (P33 billion)

8| Mandaluyong (P31 billion)

9| Davao (P26.56 billion)

10| Caloocan City (P23.3 billion)

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Top 10 Richest Provinces in the Philippines

Cebu

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The COA, likewise, released its list of wealthiest provinces, as well. Cebu remained at the top spot with P215 billion. Rizal came in second with P30.6 billion then Batangas at P29.7 billion. For Rizal, its P30 billion worth of assets is a P7-billion increase from the year prior. Iloilo's assets jumped by P2.5 billion, as well.

Here's the rest of the list:

4| Davao de Oro (P23.211 billion)

5| Bukidnon (P19.455 billion)

6| Negros Occidental (P18.025 billion)

7| Ilocos Sur (P17.907 billion)

8| Iloilo (P17.399 billion)

9| Isabela (P16.419 billion)

10| Palawan (P16.109 billion)

Top 10 Richest Municipalities in the Philippines

Tagaytay in Cavite

Photo by WIKIMEDIA COMMONS.

Meanwhile, these are the riches municipalities:

1| Carmona, Cavite (P6.212 billion)

2| Limay, Bataan (P4.795 billion)

3| Silang, Cavite (P3.738 billion)

4| Cainta, Rizal (P3.393 billion)

5| Taytay, Rizal (P3.274 billion)

6| Binangonan, Rizal (P3.141 billion)

7| Caluya, Antique (P3.117 billion)

8| Sta. Maria, Ilocos Sur (P3.044 billion)

9| Cabugao, Ilocos Sur (P2.967 billion)

10| Rodriguez, Rizal (P2.915 billion)