The Commission on Audit (COA) has released its Annual Financial Report for 2022, and several cities and provinces have retained their spots as the richest in the Philippines.
These were the richest cities and provinces in the Philippines in 2022:
Top 10 richest cities in the Philippines in 2022
Quezon City continues its running streak as the country’s wealthiest city, with assets totaling P443.406 billion. On the commission’s official report, the Philippines’ largest and populous city is followed by Makati (P239.478 billion), Manila (P77.506 billion), and Pasig City (P52.152 billion).
- Quezon City: P443.406 billion
- Makati: P239.478 billion
- Manila: P77.506 billion
- Pasig City: P52.152 billion
- Taguig: P40.840 billion
- Mandaue: P34.231 billion
- Cebu City: P30.545 billion
- Mandaluyong: P32.550 billion
- Davao City: P29.701 billion
- Paranaque: P27.376 billion
Top 10 richest provinces in the Philippines in 2022
Meanwhile, Cebu also keeps its spot as the richest province in the Philippines, with reported assets totaling to P235.738 billion. The Visayan province is followed by Rizal (P35.594 billion), Batangas (P35.594 billion), and Davao de Oro (P23.107 billion).
- Cebu: P235.738 billion
- Rizal: P35.594 billion
- Batangas: P31.999 billion
- Davao de Oro: P23.107 billion
- Ilocos Sur: P21.562 billion
- Bukidnon: P21.058 billion
- Iloilo: P19.977 billion
- Negros Occidental: P19.419 billion
- Cavite: P19.342 billion
- Pampanga: P19.127 billion
Top 10 richest municipalities in the Philippines in 2022
Carmona, Cavite is still the wealthiest municipality in the country with its P6.522 billion in assets, followed by Limay, Bataan (P5.791 billion), Silang, Cavite (P4.454 billion), and Caluya, Antique (P3.822 billion).
- Carmona, Cavite: P6.522 billion
- Limay, Bataan: P 5.791 billion
- Silang, Cavite: P4.454 billion
- Caluya, Antique: P3.822 billion
- Cabugao, Ilocos Sur: P3.805 billion
- Cainta, Rizal: P3.766 billion
- Taytay, Rizal: P3.670 billion
- Binangonan, Rizal: P3.489 billion
- Sta. Maria, Ilocos Sur: P3.267 billion
- Sta. Cruz, Ilocos Sur: P3.215 billion
Aside from the wealthiest areas in the Philippines, COA also included 1,685 financial statements of 1,715 local government units. See the full report on COA’s website.
