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The region is the political, economic, social, cultural, and educational center of the Philippines. As proclaimed by Presidential Decree No. 940, Metro Manila as a whole is the Philippines' seat of government but the City of Manila is the capital. The largest city in the metropolis is Quezon City. While the largest business district is the Makati Central Business District. Metro Manila is the most populous of the twelve defined metropolitan areas in the Philippines and the 11th most populous in the world. As of the 2007 census, it had a population of 11,553,427, comprising 13% of the national population. Including suburbs in the adjacent provinces (Bulacan, Cavite, Laguna, and Rizal) of Greater Manila, the population is around 20 million. Metro Manila's gross regional product is estimated as of July 2009 to be ₱468.4 billion (at constant 1985 prices) and accounts for 33% of the nation's GDP. In 2008, it ranked as the 40th wealthiest urban agglomeration in the world and the 2nd in Southeast Asia, according to PricewaterhouseCoopers. |