Economic Sectors of the Philippines

Agricultural Sector

Refers to the segment of the economy involved in producing crops, raising livestock and poultry, and other agricultural activities.

Bureau of Agricultural Statistics

The government agency responsible for collecting and analyzing data related to agricultural production and statistics.

Crop Production

The growing of food crops intended for household consumption and commercial crops produced for trade.

Livestock and Poultry Raising

Involves nurturing animals like cattle, hogs, and poultry for food consumption.

Forestry

The management, conservation, and creation of forested areas for resources and ecosystem stability.

Fisheries

The sector dealing with the production and harvesting of fish, categorized into commercial, municipal, and aquaculture.

Commercial Fishing

Catching fish using large boats in marine waters beyond the shoreline limit.

Municipal Fishing

Catching fish using smaller boats in marine and inland waters within the shoreline limit.

Aquaculture

The farming of aquatic organisms under controlled conditions, such as fish, oysters, and seaweeds.

Importance of Agriculture

Agriculture provides food supply, industrial resources, foreign exchange, and employment in the economy.

Industrial Sector

The segment responsible for producing intermediate products used in other industries and contributing significantly to national output.

Manufacturing

The process of making products from raw materials using manual labor or machinery.

Mining and Quarrying

Activities involved in extracting minerals from and beneath the Earth's surface.

Construction

The building and maintaining of structures, combining raw materials and intermediate goods.

Utilities

Basic services such as electricity, gas, and water critical for economic and social development.

Service Sector

The part of the economy that delivers non-tangible outputs, including services like information and entertainment.

Transport, Storage, and Communication

A subsector involving transportation services, storage facilities, and communication industries.

Trade and Repair

The industry group comprising the trade and maintenance of vehicles and household goods.

Financial Intermediation

The banking sector that links borrowers with depositors through financial transactions.

Public Administration and Defense

Government-related activities normally performed by public administration to maintain order and services.

Other Services

A broad range of industries including education, health, sanitation, and more, not categorized under other sectors.

Importance of Service

The service sector contributes approximately 60% of the GDP and employs more than half of the labor force in the economy.