Parañaque has secured the seventh spot among the richest highly urbanized cities (HUCs) in the Philippines in terms of Gross Domestic Product (GDP) per capita, according to the latest 2024 data from the Philippine Statistics Authority (PSA).
Parañaque City treasurer Anthony Pulmano announced that the city’s economic performance, which measures the total value of goods and services produced divided by its population, surpassed that of Taguig, Quezon City, and Muntinlupa.
“This ranking shows that Parañaque continues to grow steadily,” Pulmano said. “Despite our increasing population, our economic output per person remains robust — a reflection of efficient fiscal management, strong local governance, and sustained investor confidence.”
The PSA data confirmed that Makati remains the richest city in the country in terms of GDP per capita due to its small population and high concentration of business activity, while Caloocan ranks as the poorest.
Pulmano said GDP per capita is a key indicator of economic productivity and individual income share, rather than overall wealth alone.
He noted that while Quezon City still leads in total local income, its large population reduces its per capita GDP compared to smaller but highly productive cities like Parañaque, Pasay, and San Juan.
Pulmano credited the city’s success to the leadership of current Mayor Edwin Olivarez and former Mayor Eric Olivarez, whose administrations “have built a legacy of sound economic stewardship and transparent governance.”
Meanwhile, Caloocan City ranked lowest, primarily due to its large population density combined with fewer high-value industries and lower productivity per person.
