Top 10 Mindanao Richest Provinces in 2023

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Mindanao Richest Provinces – The Philippines’ second-largest island, is a powerhouse of economic diversity and growth. But which provinces reign supreme? Buckle up as we unveil the Top 10 Wealthiest Provinces in Mindanao for 2023, based on the Bureau of Local Government Finance’s 2023 Locally Sourced Income of Local Government Units.

Dominating the List: Bukidnon Takes the Crown!

With a staggering income of ₱1.034 billion (PHP 1,034 million), Bukidnon emerges as the undisputed champion. This province’s economic prowess is undeniable!

A Region of Rising Stars

Hot on Bukidnon’s heels are several other prominent contenders:

  • Davao de Oro‘s province boasts a strong income of ₱838 million (PHP 838 million), solidifying its position as a key economic player.

  • South Cotabato and North Cotabato showcase impressive growth with incomes of ₱717 million (PHP 717 million) and ₱716 million (PHP 716 million) respectively.

Davao Oriental

Coming in at a respectable #7 is Davao Oriental, with a reported income of ₱408 million (PHP 408 million) in 2023. This province is definitely a force to be reckoned with, demonstrating its economic potential.

A Diverse Economic Growth: Top 10 Mindanao Richest Provinces in 2023

The table below provides a comprehensive breakdowns based on the 2023 Locally-Sourced Income of LGUs by the Bureau of Local Government Finance (BLGF).

Here’s a look at Mindanao’s top earners (see also):

RankProvincesIncome (Million PHP)
2Davao de Oro838
3South Cotabato717
4North Cotabato716
5Misamis Oriental573
6Lanao del Norte532
7Davao Oriental408
8Agusan del Sur385
9Davao del Norte326
10Davao del Sur315

Mindanao’s Economic Growth Revealed

This ranking sheds light on the economic powerhouses within Mindanao, highlighting the strengths of various regions. It also serves as a testament to the island’s remarkable potential for further development and growth across its diverse provinces.




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