How did aquaculture help Philippines economy?

How did the aquaculture sector contributed to the Philippine economy?

Aquaculture contributed 790 900 tonnes, or 25.4 percent, to the total fish production. … The fishing industry contributes an estimated 1.8 percent (valued at 196 billion pesos) to the country’s Gross Domestic Product (GDP) at current prices, respectively in 2012.

How does aquaculture help the economy of our country?

In many cases, the more marketable fish are being sold to provide income that is used to purchase other more affordable food items. Fisheries and aquaculture therefore both help to secure nutritious food for rural and coastal populations and alleviate their poverty.

What were the contributions of the fisheries and aquaculture industry to the Philippines?

The fishing industry provided employment to about one million Filipinos or around 3 percent of the country’s labor force in 1998. Being labor intensive, municipal fishing generated 68 percent of the total employment, followed by aquaculture with 26 percent and commercial fishing, 6 percent.

How does fish help the economy?

Fishing is an important economic activity which provides food from the sea and thereby creates employment not only for whoever (the fishermen) directly collects that food (fish, crustaceans, molluscs) but also for those who operate in the entire chain, from the construction of vessels and equipment supplies related to …

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What are the most important species in Philippine aquaculture?

The seven major aquaculture species in the Philippines are:

  • Seaweed (mainly Kappaphycus and Eucheuma spp.).
  • Milkfish (Chanos chanos ).
  • Tilapia (mainly Nile tilapia Oreochromis niloticus ).
  • Shrimp (mainly giant tiger prawn Penaeus monodon ).
  • Carp (mainly bighead carp Aristichthys nobilis ).

What are the advantages and disadvantages of aquaculture?

List of Pros of Aquaculture

  • Source of Food for People and Marine Species. …
  • Source of Income. …
  • Flexibility. …
  • Helps Waste Problems. …
  • Propagation of Invasive Species. …
  • Threat to Coastal Ecosystems. …
  • Contaminates Water and Threatens Health. …
  • Affects Wild Fish Population.

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 are the social impacts of aquaculture?

Social Impacts

Aquaculture can have a very positive impact on the development of local populations as it provides a readily available, high protein food source. Aquaculture projects also provide jobs for millions of people worldwide. Aquaculture can also be an industry that is highly accommodating of female labour.

What is the importance of fishing in 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).

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Is the Philippines rich in minerals?

1. The Philippines is the fifth most mineral-rich country in the world for gold, nickel, copper, and chromite. … About 30 million hectares of land areas in the Philippines is deemed as possible areas for metallic minerals.