Davao City ranked 9th place among the richest cities in the Philippines in 2021 based on the recent report of the Commission on Audit (COA).
According to COA, the city has recorded assets of P26.555 billion.
Quezon City was named the richest city in the country with P451.007 billion assets followed by Makati with P238.561 billion, Manila with P65.252 billion, Pasig with P51.176 billion, Taguig City in fifth with P36.116 billion assets, Cebu City with P33.3 billion, and Mandaue City with P33 billion.
Meanwhile, Davao de Oro was named the 4th richest province in the country with total assets of P23.211 billion. Cebu City is named the wealthiest province with P215.27 billion in total assets followed by Rizal with P30.637 billion, Batangas with P29.705 billion, Bukidnon with P19.455 billion, Negros Occidental with P18.025 billion, Ilocos Sur with P17.907 billion, Iloilo with P17.399 billion, Isabela with P16.419 billion and Palawan with P16.109 billion.
The 215-page report reportedly covered the financial statements of 1,676 local government units (LGUs) including 81 provinces, 146 cities, 1,488 municipalities, 22,680 barangays, and the government of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
On the other hand, the city government of Davao was also recently awarded 2nd in the Sustainable Development Goals (SDG) under the LGU category by the Regional Development Council 11 (RDC 11) and the National Economic and Development Authority 11 (NEDA 11) during the 2022 Davao Region SDG Fiesta.
