Quezon City is the Philippines’ richest city, having assets totaling P47.687 billion, according to the 2014 Annual Financial Report for Local Government by the Commission on Audit (COA).
It is followed by Makati City with assets of P42.869 billion, and Manila, P22.521 billion.
Quezon city is the largest of the 16 cities in Metro Manila both in population and land area.
It covers almost one-fourth of Metro Manila with 16,112.8 ha. and its population of more than 2.9 million is the biggest in the National Capital Region (NCR).
Along with the three cities mentioned above, the following are the 10 wealthiest cities in the country in terms of assets: Pasig City with assets of P22.302 billion, Cebu City, P16.729 billion, Caloocan City, P11.871 billion, Taguig City, P11.661 billion, Zamboanga City, P11.205 billion, Pasay City, P11.004 billion, and Olongapo City, P7.091 billion.
Except for Cebu City and Zamboanga City, these cities are in Luzon.
The country has 144 cities.
Based on the same report, Cebu is the wealthiest of the 80 provinces with assets of P29.695 billion.
It is followed by Rizal Province, P8.059 billion, Negros Occidental, P7.529 billion, Cavite, P6.324 billion, Batangas, P6.238 billion, Laguna, P6.223 billion, Bulacan, P5.625 billion, Bohol, P5.432 billion, Pangasinan, P5.138 billion, and Nueva Ecija, P5.091 billion.
As to municipalities, Cainta in Rizal Province is the richest, having P2.826 billion in assets.
It is followed by Sto. Tomas (Batangas), P1.97 billion, Mariveles (Bataan), P1.956 billion, Sual (Pangasinan), P1.746 billion, Binangonan (Rizal), P1.265 billion, Taytay (Rizal), P1.159 billion, Limay (Bataan), P1.124 billion, Tanay (Rizal), P1.072 billion, Polomolok (South Cotabato), P1.051 billion, and Silang (Cavite), P930.38 million.