Bohol is the sixth wealthiest province in the Visayas for three years in a row with total assets of P8.186 billion in 2018.
Bohol trails Cebu with P35.659 billion, Negros Occidental with P14.446 billion, Ilioilo with P11.441 billion, Leyte with P10.306 billion and Negros Oriental with P9.396 billion in assets according to the 2018 Annual Financial Report on Local Government Units submitted by the Commission on Audit (COA) to President Duterte in September.
Based on the same data, Bohol is the 26th richest province in the entire country.
There are 16 provinces in the Visayas and 81 in the entire nation.
The COA indicated that Bohol’s assets in 2018 grew by 15 percent or P1.05 billion compared to the previous year while liabilities dropped by five percent or P148 million resulting in a 30 percent or P1.2 billion increase in equity.
Previous COA data also indicated that Bohol’s assets have grown from P5.727 billion in 2015 to P6.198 billion in 2016 and P7.630 billion in 2017.
In 2000, Bohol was considered as among the 20 poorest provinces in the entire country.
Meanwhile, neighboring Cebu has been the richest province in the country for at least four years in a row.
Visayas (all provinces)
- Cebu – P35.658 billion
- Negros Occidental – P14.446 billion
- Ilioilo – P11.441 billion
- Leyte – P10.306 billion
- Negros Oriental – P9.396 billion
- Bohol – P8.186 billion
- Northern Samar – P6.186 billion
- Aklan – P6.076 billion
- Samar – P5.157 billion
- Antique – P5.373 billion
- Capiz – P4.679 billion
- Southern Leyte – P3.286 billion
- Eastern Samar – P3.135 billion
- Siquijor – P2.831 billion
- Guimaras – P2.603 billion
- Biliran – P1.550 billion
Philippines (top 10)
- Cebu – P35.659 billion
- Compostela Valley – P19.615 billion
- Batangas – P18.186 billion
- Rizal – P18.076 billion
- Bukidnon – P15.278 billion
- Negros Occidental – P14.446 billion
- Laguna – P11.587 billion
- Iloilo – P11.442 billion
- Palawan – P11.277 billion
- Zambales – P11.241 billion