According to the data of Department of Finance – Bureau of Local Government Finance (DOF-BLGF), Davao City is among the Top 10 Richest Cities in the Philippines 2014.
The economy of Davao City recorded a whooping 5.615 billion pesos in total income in 2014, surpassing most of Metro Manila cities' total income. Davao City is the biggest local economy in Southern Philippines and is consistently part of the top 5 local economies in the whole country, the only city outside of Metro Manila.
According to the official website of Davao City, the steady economic gains of Davao can be seen through its ever changing economic landscape as new buildings rise from almost every corner. Investments nearly doubled as infrastructures and other buildings arose throughout the year. High rise residential projects like condominiums, malls and other infrastructures have emerged tremendously and the markets in the city continue to grow in sizes and in numbers.
Topping the list was Quezon City with a total income of P11.881 billion in 2014. Makati City followed with P11.828 billion total income. City of Manila came third with P10.996 billion while Pasig City recorded P7.441 billion.