Makati has edged out Quezon City as the Philippine’s richest city. With assets of P196.57 billion, it was the richest city in 2017, based on the Commission on Audit’s 2017 Annual Financial Report on Local Government.

Makati City saw more than a three-fold increase in its assets —from P49.494 billion in 2015 to P54.85 billion in 2016.





Quezon City dropped to second place with P68.33 billion in total assets. In 2016, its asssets was valued at P59.556 billion.

Manila remained on third place with P38.677 billion in total assets.

Of the provinces, Cebu was the wealthiest in 2017 with assets totaling P34.139 billion, up from P32.429 billion in 2016 and P30.331 billion in 2015.

Compostela Valley, a newbie on the list, placed second with P18.95 billion, while Batangas climbed to third spot with P15.568 billion in total assets from its previous fourth ranking in 2016 with

P8.694 billion assets.

Meanwhile, Cainta in Rizal province was the richest town in 2017 with assets totaling P3.988 billion. It was also the wealthiest in 2016 and 2015 with P3.511 billion and 3.176 billion, respectively.

It was followed by Sual town in Pangasinan with P2.528 billion.

Limay town in Bataan came in third with P2.42 billion in total assets, down from its P2.54 billion in 2016.