Baguio City has officially been recognized as the wealthiest city outside Metro Manila, according to the latest data from the Philippine Statistics Authority (PSA).
The PSA report showed that Baguio topped other cities in terms of total assets, solidifying its reputation as a thriving economic hub in Northern Luzon. The city’s financial growth is attributed to its strong tourism sector, active local businesses, and consistent government investments in infrastructure and services.
Local officials celebrated the milestone, noting that it reflects the resilience and progress of Baguio’s economy despite national challenges. The city government also vowed to sustain inclusive development and ensure that economic gains benefit all residents.