Philippines' Ocean-Based Industries Grow 21.1 Percent in 2022
PSA head Dennis Mapa said ocean-based industries accounted for 3.9 percent of gross domestic product (GDP) at current prices in 2022.
Among the industries, Mapa said ocean fishing accounted for the largest share of 31.5 percent of the total ocean economy, followed by the manufacture of ocean-based products (21.6 percent), sea-based transportation and storage (14.6 percent), and ocean-based power generation, transmission and distribution (11.3 percent).
Mapa said the number of employed persons in ocean-based industries was 2.22 million in 2022, up from the 2.01 million persons employed in 2021. Ocean-based employees accounted for 4.7 percent of the total employment in the country in 2022.
Ocean fishing accounted for 51.4 percent of the total ocean-based employment, Mapa added.
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