Davao City ranks 9th place in the Richest City in the Philippines

SDC Biznes | Economy

Davao City's Abreeza CBD as of 2018 | Photo courtesy of Mark Perandos

DAVAO CITY, Philippines
— For the 2nd time, Davao City made it to the top 10 Richest City in the Philippines. President Rodrigo Duterte's hometown Davao City ranks 9th place of the Richest City according to COA 2017 Annual Financial Report.  In the previous report, Davao City  rank 10th place. It has a  total assets of P13.18 billion from P8.9 billion in last year report for 2016.

The richest city is still Makati with P196 billion in total assets. It is followed by Quezon City with P68.33 billion and Manila with P38.67 billion.

In the same report, COA said Cebu City is the fourth richest city in the country, also in 2017, with P33.86 billion in assets. Its current assets are worth P23.73 billion while its non-current assets are worth P10.12 billion.

The other cities that made it to the Top 10 are Pasig with P33.7 billion, Taguig with P19.64 billion, Caloocan with P17 billion, Pasay with P16.6 billion, Davao with P13.18 billion, and Calamba with P12.41 billion.


The complete list of COA's 2017 Annual Financial Report for Richest City in the Philippines

1. Makati City with P196 billion
2. Quezon City with P68.33 billion  
3. Manila with P38.67 billion
4. Cebu City with P33.86 billion
5. Pasig City with P33.7 billion
6. Taguig City with P19.64 billion 
7. Caloocan City with P17 billion
8. Pasay City with P16.6 billion
9. Davao City with P13.18 billion
10. Calamba City with P12.41 billion