DAVAO IS PHILIPPINES’ 5TH RICHEST CITY AND THE RICHEST CITY OUTSIDE METRO MANILA

DAVAO City has been cited as the fifth richest city in the whole country with an average income of P3,534,206,628, making it the lone city from outside Luzon that has been included in the top five richest cities, based on the cities’ income for the years 2007-2009.

In its March report, Romulo A. Virola, secretary general of the National Statistical Coordination Board (NSCB), ranked cities from the top to lowest earners based on the cities’ average annual income in three-year period.

Data from the Department of Finance showed that Quezon City appeared to be the richest city in the whole country for the same period with an average annual income of P9,481,843,421, followed by Makati City at the second place with the average income of P8,506,297,825, Manila City in third place with P7,947,958,242, and Pasig City ranking fourth with an average income of P4,542,992,364.

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~ by davaohive101 on May 20, 2012.

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