Photo Courtesy || Jimzpics Photog
Cordillera - Baguio City was hailed as the wealthiest city outside Metro Manila according to the Provincial Product Accounts (PPA) released by the Philippine Statistics Authority (PSA). It means Baguio residents has higher income earning compared to the average national income of Filipinos.
As per the data release by PSA, the city's average Gross Domestic Product (GDP) per person reached P420.016 surpassing the average of P178,751.
GDP measures the growth of the economy per person in a particular area. It is use to determine how wealthy or poor an area is.
Following in the list of top 10 wealthiest cities are Cagayan de Oro in the 2nd spot, Lapu-Lapu City, Iloilo, Bataan, Cebu City, Laguan, Mandaue, and Batanes.
Baguio City, nestled in the mountainous region of the Philippines, stands out as the wealthiest city in the Cordillera Administrative Region (CAR). Known for its cool climate, stunning mountain landscapes, and rich cultural heritage, Baguio City attracts both local and international tourists.
One of the key factors contributing to Baguio's wealth is its thriving tourism industry. The city is home to a variety of attractions, including Burnham Park, Mines View Park, and the Botanical Garden, which draw in visitors year-round.
Additionally, Baguio's reputation as a culinary destination, with its diverse array of restaurants and street food stalls, adds to its economic prosperity.
Another important source of wealth for Baguio City is its education sector. The city is home to several prestigious universities and colleges, including the University of the Philippines Baguio and Saint Louis University, attracting students from across the country and beyond.
Furthermore, Baguio's economy benefits from its status as a center for commerce and trade in the region.
The city's bustling markets and shopping centers, such as Session Road and the Baguio City Market, are popular destinations for both locals and tourists alike.
Overall, Baguio City's wealth can be attributed to its vibrant tourism industry, thriving education sector, and robust commercial activities. As the city continues to grow and develop, it is likely to remain a key economic powerhouse in the Cordillera region.
5 Comments:
Haha and the salary is provincial rate. Low salary. Darn it
But salaries and wages in Baguio City don't level up?!
Agree to both comments. Salary is provincial rate and everything is getting expensive. How to cope up in this city? 😫
The data calculating these figures is HIGHLY skewed!
Cumulatively, MOST people living in Baguio are:
Temporary P/T (Part Time) Workers;
Temporary F/T (Full-Time) Workers;
Non-Registered (Cedula) Residents;
Non-Registered (Baguio) Voters; Temporary P/T Non-Working Students;
Temporary F/T Non-Working Students;
Permanent P/T Non-Working Students;
Permanent F/T Non-Working Students
Retired/Elderly/Disabled Non-Workers;
Non-Registered "Helpers", "Business Owners", Uncatergorized "Vendors", "Suppliers", "Wholesalers", "Retailers", "Resellers", "Freelancees", "Gamblers", "Hustlers", "Side-Hustlers", "Drivers", etc.
The Financial Reports are Aggregated from ALL the Private Mega Corps, NGO's, Govt Agencies (Local, Regional, National, International, Interstellar SpaceForce, etc) that POUR TRILLIONS into the coffers (Boosting the Local "Economy") with Never-ending/Everlasting Public-Private Partnerships & Projects, Retail & Wholesale Goods & Services, Offshored/Outsourced BPO's, POGO-Stick-It-Up -Your-Ass llegal Operations, Military "War Games & Military Exercises":(Reunions, Parties, Inspections, and Site Visits at PNP & AFP facilities such as Camp Dangwa, Philippine Military Acdemy, Camp John Hay
Meanwhile - back at the Ranch . . .
The data calculating these figures is HIGHLY skewed!
Cumulatively, MOST people "living" in Baguio are:
Temporary P/T (Part Time) Workers;
Temporary F/T (Full-Time) Workers;
Non-Registered (Cedula) Residents;
Non-Baguio Registered Voters;
Temporary P/T Non-Working Students;
Temporary F/T Non-Working Students;
Permanent P/T Non-Working Students;
Permanent F/T Non-Working Students
Retired/Elderly/Disabled Non-Workers;
Non-Registered "Helpers", "Business Owners", Uncatergorized "Vendors", "Suppliers", "Wholesalers", "Retailers", "Resellers", "Freelancers", "Gamblers", "Hustlers", "Side-Hustlers", "Drivers", "Fixers",etc.
The Financial Reports are Aggregated from ALL the Private Mega Corps, NGO's, Govt Agencies (Local, Regional, National, International, Interstellar SpaceForce, etc) that POUR TRILLIONS into the local /national coffers ("Boosting the Local/National Economy") with Never-Ending/EverLasting Public-Private Partnerships & Projects, Unlimited & Useless Retail & Wholesale Goods & Services, Expensive Offshore / Outsourced BPO / Shell-game Operations, POGO-Stick-It-Up-Your-Ass lLLEGAL & UNLAWFUL Operations, Military "War Games & Exercises" (aka Reunions, Parties, Inspections, and Site Visits) at PNP & AFP "facilities" such as "Camp" Dangwa, Philippine "Military" Academy, "Camp" John Hay & Baguio Big-Country-Ass-Club-And- WE-AINT-IN-IT, In Town / Out of Town and elsewhere . . .
The List Goes On & On till The Break of DAWN!
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