What are the major sectors and sub sectors of Philippine agriculture?
What are the major sectors and sub sectors of Philippine agriculture?
The Philippine Agribusiness sector is roughly composed of five (5) subsectors; these are: crop production, animal production (includes livestock and poultry), Forestry and Logging, Fishery (including aquaculture) and Agri-support services and manufacturing.
How big is the agriculture industry in the Philippines?
Agriculture is one of the Philippines’ largest sectors and will continue to be adversely impacted by the effects of climate change. The agriculture sector employs 35% of the working population and generated 13% of the country’s GDP in 2009.
How much does the agricultural sector contribute to the economy Philippines?
In fact, the Philippine Statistics Authority found that agricultural employment accounts for 24.3% of the total employment in the country in 2018. This means that 9,998,000 million Filipinos have jobs in agriculture.
What do you think are the contributions of agriculture sector in the Philippines?
Agriculture plays a significant role in the Philippine economy. Involving about 40 percent of Filipino workers, it contributes an average of 20 percent to the Gross Domestic Product.
What is the importance of agriculture in the Philippine economy?
The sector is important for inclusive growth, with agriculture being the key driver of the economy in the rural areas where most Filipinos live (but where poverty incidence remains high). 2 Agriculture remains a major source of employment, with about 36% of the total employed population working in the sector.
Why is agriculture important in the economy of the Philippines?
Agriculture dominates Philippine economy. It furnishes employment to about 3 million persons or about 60 per cent of the gainfully employed workers. Agricultural operations provide 40 to 45 per cent of the total national income and about 75 to 80 per cent of the country’s exports.
