Top 10 Richest Cities in the Philippines

From the data of Department of Finance – Bureau of Local Government Finance (DOF-BLGF), these are the ten of the richest cities in the Philippines:

Quezon-City

1. Quezon City – Php 12,337,292,317 

Topping the list is no less than the largest city of the country. A sprawling metropolis of over two million inhabitants. It hosts the country’s most bustling commercial centers like Cubao with the Araneta Center and the Eastwood City, to name a few. Quezon City is also home to the most vital communication facilities in country and the TV industry giants like ABS-CBN and GMA.

makati_logo

2. Makati City – Php 9,543,471,282

Coming in second is the Financial Capital of the Philiipines – Makati City. It has the highest concentration of multi-national and local corporation located mostly in the Makati Central Business District, the city’s main economic driver. Most of the banking corporations and diplomatic missions also find their home in Makati and has also evolved into becoming the country’s major cultural and entertainment hub. Though second in terms of the total LGU income, Makati is still the richest LGU in per capita basis.

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3. Manila – Php 7,151,870,561

The country’s capital comes in third place. Aside from being home to the Malacañan Palace, the Official Residence of the President of the Republic, the Supreme Court and important government installations, Manila is also the educational hub of the country hosting more than half of the major universities in the National Capital Region. These educational institutions are situated in the area referred to a University Belt. The city is a major center for banking and finance, retailing, transportation, tourism, real estate,media, advertising, legal services, accountancy, insurance, theater, fashion, and the arts in the Philippines. It is also the main shipping gateway in the Far East because of the presence of the Port of Manila. It is also home to the largest Chinatown in the world – Binondo which also houses major shopping centers.

Pasig_city_seal

4. Pasig City – Php 5,772,666,906 

The fourth richest city in the country is still in Metro Manila. From being a rural and purely residential settlement, Pasig has emerged into one of the economic hubs of the country. The economic growth of Pasig is primarily attributed to the presence of Ortigas Center, where numerous high-rise commercial buildings, residential condominiums, malls and schools find their home. The headquarters of San Miguel Corporation and MERALCO are also located in Pasig City.

13449907091383879801davao city logo-hi

5. Davao City – Php 4,624,652,795 

Davao City is the richest city in the coutry outside Metro Manila and the sole entry in the Top Ten from Mindanao. Aside from serving as the de facto capital of Mindanao, it is also the island’s most populous city with 1.4 million people. Agriculture is the major economic driver of the city as it hosts the largest agricultural companies in the country which produces bananas, pineapples, coffee, coconut and the famed durian. Hence, Davao City deserves to be referred to as the “Fruit Basket of the Philippines.” The city is also Mindanao’s main industrial, commercial and trading hub.

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6. Cebu City – Php 3,203,379,789

The Queen City of the South is in the sixth place. It is a significant commercial, industrial, educational and tourism center in the South as it hosts Vis-Min’s largest corporation, malls, hotels and schools. It is also one of the country’s major hub for the business process outsourcing (BPO) industries. The city’s major commercial institution are clustered mainly in the Cebu Business Park and the Cebu IT Park. Shipbuilding and real-estate are another growing industries in the city.

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7. Caloocan City – Php 3,176,014,372

The country’s third most populous city made its way to the 7th place. Mostly residential and industrial, Caloocan City also has presence of shopping malls, banks and other commercial centers. It is home to the Manila North Tollways Corporation, a concessionaire of the North Luzon Expressway (NLEX). Perhaps the most famous landmark in the Caloocan is the monument of Andres Bonifacio, a masterpiece of National Artist Guillermo Tolentino, which has become the centerpiece of Monumento.

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8. Pasay City – Php 3,027,245,991

Pasay City is considered to be the country’s major gateway as it is where the Ninoy Aquino International Airport is situated. Aside from being the aviation hub of the country, Pasay benefits as well in the presence of the Bay City Complex which hosts the famous Mall of Asia. It has now evolved as well into becoming an entertainment and cultural hub because of the presence of Resorts World Manila, the Cultural Center of the Philippines, the Folk Arts Theater and the Philippine International Convention Center, to name a few.

Ph_seal_ncr_paranaque

9. Parañaque City – Php 2,973,934,912

Just south of Pasay City is Parañaque City, another trading and commercial hub in the metropolis. Famous for the Redemptorist Church in Baclaran, Parañaque is also making a name in the entertainment and cultural industry. It is home to the Asia World City, Entertainment City which nestles the famed City of Dreams Manila, the Solaire Resort and Casino and the upcoming Resorts World Bayshore and Manila Bay Resorts.

Ph_seal_ncr_taguig

10. Taguig City – Php 2,943,661,519

Rounding up the list is Taguig City, another business hub in Metro Manila. Taguig is home to the Bonifacio Global City which is one of the country’s financial hub and home to upscale residential and shopping centers, condominiums and international schools. Soon to boost Taguig’s economy is Arca South, an area being developed by Ayala Land and will soon be home to more than 300 multi-national and local companies.

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34 thoughts on “Top 10 Richest Cities in the Philippines

      • Marcos says:

        I hope the computations will not include “IRA” which is a dole out from the National Government. Rankings should be based on the Localy Sourced Income.

      • thetensphilippines says:

        We can make a separate ranking for that. Technically, the definition of income includes all sources.

      • RicD says:

        And the source material (BLGF) tells you the whole story. The major reason why Manila and Makati (and other MM cities) have disparately larger revenues is because of BLGF rules and regulations on the taxing authority of LGUs. Even if the sales transaction – from which actual revenue is generated – is done in say Cebu, if the company that sold it has its principal office in say Makati, and its manufacturing plant in Bulacan, the income tax is divided only between Makati and Bulacan, if the Cebu sales transaction is made to appear like it was only forwarded to Makati for booking. In other words, kahit na ang bilyones actually galing sa Cebu, or Davao, or Tacloban, the LGUs of those cities do not share in the corporate income tax generated. Kaya nga sabi nung isang mayor, okay lang if they will not pay us, if they ask for assistance from the local government, we will also not send the police or the firetrucks or the ambulance.

        And why do these companies have their principal offices in MM? Simple. The bureaucracy is centered in that place. Inutile ang mga local and regional offices; you have to go to MM to do business.

  1. Jan says:

    wait wait QUEZON CITY as the largest city of the country? Mas malaki pa ata ang Puerto Princesa City sa QC eh…. paki tingnan daw… baka the most populous city kamo….

    • Aron says:

      Davao City is the largest City in the Filipinas, having a size more than three times the whole of Metro Manila. Followed by Puerto Princesa City having a size more than twice the total area of entire Metro Manila. then Zamboanga City as the 3rd Largest City having a size of twice the total area of the entire Metro Manila.

      Quezon City is JUDT PART of Metro Manila.

    • Aaron says:

      Commonly, a city’s largeness is based on its population not land area, For example when you type in “largest cities in the world” you’ll be greeted with a host of populous cities. 🙂

      • RicD says:

        Actually, on the issue of terrorism etc., you should discriminate. The US and UK embassies have repeatedly issued travel advisories against Mindanao, but they have also excluded Davao City, Cagayan de Oro, and GenSan from those advisories. Minsan balik uli, minsan tinatanggal. According to a former US ambassador, the reason Davao et al. have to be included, despite the absence of terrorism or threat thereof, is that their proximity to actual terrorism-rife places also makes them high-risk, if not in fact then in possibility.

        Believe me, mas nakakatakot maglakad sa kahit saan sa Metro Manila, kahit anong oras, kay sa Davao City kahit na madaling araw.

  2. Walang Pangalan says:

    Richest? Base sa mga infrastructures at commercial establishments… not well equipped , malinis At safety tulad ng Davao. Ginagamit ng ayos ang tax ng taong bayan.

  3. Kimshie says:

    Hi! Saan po ba doon sa dof-blgf makikita tong mga average income ng bawat cities? Average income nga po ba tawag dito? Hihi. Salamat po.. Please respond.😊

  4. Aaron says:

    This is not supposed to be richest. The parameter on the richness of a city, or a country with that respect, is per capita income, i guess, this should be Cities with the largest income. For example, even if QC has the largest income, Makati still is richer with far margin because of a high income with a low population.

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