CDO makes it to the top 10 richest cities in the Philippines

Cagayan de Oro is one of the richest cities in the Philippines. This is according to the 2014 Annual Financial Report of the Commission on Audit (COA) that reveals the richest and the poorest cities and provinces in the country based on assets and total equity.

Only two cities in Mindanao made it to the richest cities namely Zamboanga and Cagayan de Oro.

RICHEST CITIES 

– Makati City: P34.461 billion
– Quezon City: P31.917 billion
– Pasig City: P20.036 billion
– Manila City: P13.131 billion
– Zamboanga City: P10.464 billion

– Cebu City: P7.855 billion
– Caloocan City: P6.894 billion
– Marikina City: P4.887 billion
– Calamba City: P4.690 billion
– Cagayan de Oro City: P4.670 billion

Interestingly enough, region 10 or Northern Mindanao got the sixth spot and the highest in Mindanao for the regional ranking.

– NCR: P137.649 billion
– Region 7: P61.731 billion
– Region 4A: P60.509 billion
– Region 6: P31.026 billion
– Region 3: P30.278 billion

– Region 10: P22.274 billion
– Region 9: P19.369 billion
– Region 1: P17.466 billion
– Region 8: P16.482 billion
– Region 5: P16.182 billion

– Region 2: P14.249 billion
– Region 13: P12.876 billion
– Region 12: P12.769 billion
– Region 11: P12.15 billion
– Region 4B: P9.479 billion

– CAR: P6.455 billion
– ARMM: P4.434 billion

 

University of the Philippines (UP) Center for Public Integrity Executive Director Professor. Edna Co said that equity is greatly affected by the number and type of investments of an area.

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Photo by Vincent Tom Udasco