How fishery affects the economy of the Philippines?

The fisheries in the Philippines makes a significant contribution to the national economy in terms of income and employment. Total fish production was estimated at 4.65 million metric tons, and the fisheries sector contributed almost 4.33 billion dollars to the country’s economy in 2015 (BFAR, 2016).

How does agriculture fishery and forestry affect the economy of the Philippines?

Economic Contribution

Agriculture, hunting, forestry and fishing together contributed 9.7% to the Philippines’ fourth quarter GDP in 2016, down by 1.1% year-on-year, according to the Philippine Statistics Authority. Severe weather fluctuations have led to erratic output in recent years.

What are the contributions of the fisheries and aquaculture in the people of the Philippines?

In 2012, the Philippines ranked among the major fish producing countries in the world with a total production of 3.1 million tonnes of fish, crustaceans, mollusks and other aquatic animals. Aquaculture contributed 790 900 tonnes, or 25.4 percent, to the total fish production.

Is fishing important in the Philippines?

Since time immemorial, fishing has been an important source of livelihood for Filipinos, fish being the country’s second staple food next to rice. On the average, every Filipino consumes daily about 98.6 grams of fish and fish products (FNRI,1994). … The fishery is, likewise, a notable sector in the Philippine economy.

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What does fishing do to the economy?

The commercial fishing and seafood industry — harvesters, processors, dealers, wholesalers, and retailers — supported 1.2 million jobs in 2016, generating $144 billion in sales impacts and adding $61 billion to the GDP.

What are the main problems of agricultural in the Philippines?

The results revealed that common problems encountered by rice farmers were: high cost of inputs, low price of palay, lack of capital, labor problem, lack of postharvest facilities, pest and diseases and irrigation system.

What is the importance of aquaculture in the Philippines?

Aquaculture contributes significantly to the country’s food security, employment and foreign exchange earnings. Aquaculture is growing much faster than capture fisheries. However, the global position of the Philippines in aquaculture production has fallen steadily from 4th place in 1985 to 12th place today.

What is the importance of fisheries in our country?

Small-scale fisheries and aquaculture make critical contributions to development in the areas of employment, with over 41 million people worldwide, the vast majority of whom live in developing countries, working in fish production; food security and nutrition, with fish constituting an important source of nutrients for …

What is the most important fish in the Philippines?

The large pelagic fishes consist of tunas and tuna-like species, such as billfish, swordfish and marlin. The tuna fisheries became the largest and most valuable fisheries in the Philippines during the mid-1970s, when payao was introduced.

Land area: 301 000 km2
Agricultural GDP (2003): US$ 12 353 million
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How is Philippines affected by climate change?

Impacts of climate change in the Philippines are immense, including: annual losses in GDP, changes in rainfall patterns and distribution, droughts, threats to biodiversity and food security, sea level rise, public health risks, and endangerment of vulnerable groups such as women and indigenous people.

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