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Metropolitan Manila is the metropolitan area of the city of Manila, the national capital of the Philippines. Its residential population as of August 2007 is 11,553,427. Including suburbs in the adjacent provinces (Laguna, Cavite, Rizal, Bulacan) Greater Metro Manila, has a population of approximately 22 million people (August 2007 census). Metro Manila is one of the two defined metropolitan areas in the Philippines, the other being Metro Cebu. In 2005, it ranked as the 42nd richest urban agglomeration in the world with a GDP of $108 billion according to PriceWaterhouseCoopers. Metro Manila is expected to climb to the 30th spot by 2020 with a GDP of $257 billion and an annual growth rate of 5.9%. As proclaimed by Presidential Decree No. 940, Metro Manila as a whole is the Philippines' seat of government although only the City of Manila is the capital. The City of Manila (Filipino: Lungsod ng Maynila), or simply Manila, is the capital of the Philippines and one of the 17 cities and municipalities that make up Metro Manila. Located on the eastern shores of Manila Bay just west of the National Capital Region in western side of Luzon, it is one of the central hubs of a thriving metropolitan area home to over 14 million people. Manila, occupying a total land area of 38.3 square kilometers, is the second most populous city in the Philippines, with more than 1.6 million inhabitants. Only nearby Quezon City, the country's former capital, is more populous. The metropolitan area is the second most populous in Southeast Asia.