Makati leads Philippines in GDP per capita while Parañaque shows fastest economic growth

Makati has the highest GDP per capita in the Philippines, with a GDP of P1.18 trillion and a per capita figure of P1,778,002. However, its growth rate slowed to 6.3% in 2023, down from 7.2% in 2022. Parañaque is now the fastest-growing economy among highly urbanized cities, achieving an 8.7% growth rate in 2023, with a GDP of P343 billion. This marks a significant increase from the previous year. Quezon City remains the largest economy in Metro Manila, with a GDP of P1.27 trillion, representing 19.3% of the region's economy. Its GDP per capita is estimated at P405,112.