QUEZON City remains the wealthiest city while Cebu is the richest province in the country based on their assets, according to a Commission on Audit report.
Carmona, on the other hand, is the wealthiest municipality in the country.
Based on the COA’s 2022 Annual Financial Report on Local Government, Quezon City reported assets worth P443.41 billion as of the end of 2022. This was P7.6 billion lower than what it reported in 2021.
Quezon City is the biggest city in the capital region based on land area and population.
Cebu’s assets in 2022 totaled P235.74 billion, a P20 billion increase from the previous year.
Carmona’s assets totaled P6.52 billion up from P311 million in 2021.
The 20 wealthiest cities are the following:
1) Quezon City P443.406 billion
2) Makati City P239.478 billion
3) Manila P77.506 billion
4) Pasig City P52.152 billion
5) Taguig City P40.840 billion
6) Mandaue City P34.231 billion
7) Mandaluyong City P32.550 billion
8) Cebu City P30.545 billion
9) Davao City P29.701 billion
10) Parañaque City P27.376 billion
11) Caloocan City P27.205 billion
12) Zamboanga City P23.408 billion
13) Laoag City P20.971 billion
14) Antipolo City P18.762 billion
15) Calamba City P18.585 billion
16) Pasay City P17.979 billion
17) Puerto Princesa P16.798 billion
18) Baguio City P14.465 billion
19) Cagayan de Oro P13.608 billion
20) Valenzuela City P13.323 billion
The 20 wealthiest provinces are:
1) Cebu P235.738 billion
2) Rizal P35.595 billion
3) Batangas P31.999 billion
4) Davao de Oro P23.108 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
11) Palawan P18.135 billion
12) Leyte P17.910 billion
13) Isabela P17.892 billion
14) Surigao del Norte P16.793 billion
15) Camarines Sur P16.192 billion
16) Pangasinan P15.897 billion
17) Zamboanga del Sur P15.849 billion
18) Negros Oriental P14.659 billion
19) Bulacan P13.825 billion
20) Nueva Ecija P13.780 billion
The 20 wealthiest municipalities are:
1) Carmona, Cavite P6.523 billion
2) Limay, Bataan P5.792 billion
3) Silang, Cavite P4.454 billion
4) Caluya, Antique P3.822 billion
5) Cabugao, Ilocos Sur P3.806 billion
6) Cainta, Rizal P3.767 billion
7) Taytay, Rizal P3.671 billion
8) Claver, Surigao del Norte P3.568 billion
9) Binangonan, Rizal P3.490 billion
10) Sta. Maria, Ilocos Sur P3.268 billion
11) Sta. Cruz, Ilocos Sur P3.216 billion
12) Pilar, Abra P3.203 billion
13) Magsingal, Ilocos Sur P3.044 billion
14) Nasugbu, Batangas P2.959 billion
15) Sinait, Ilocos Sur P2.921 billion
16) Rodriguez, Rizal P2.855 billion
17) Sual, Pangasinan P2.645 billion
18) Bataraza, Palawan P2.575 billion
19) Salcedo, Ilocos Sur P2.550 billion
20) Tanay, Rizal P2.534 billion
