1st Quarter 2018

Gross National Income & Gross Domestic Product

Gross Value Added in Agriculture, Hunting, Forestry and Fishing

Agriculture slows down
The Agriculture Industry which shared 85.2 percent to the total AHFF went up by 2.5 percent in the first quarter of 2018 from a 5.8 percent growth in the previous year. Contributing to the sector’s growth were: Palay, 4.6 percent; Poultry, 5.2 percent; Coconut including copra, 8.5 percent; Corn, 4.7 percent; and Livestock, 2.1 percent.
Meanwhile, the decrease in the following sectors contributed to the slowdown in the growth of Agriculture: Sugarcane, negative 11.3 percent; Mango 9.4 percent; Cassava, negative 7.8 percent; and Coffee, negative 8.7 percent.
Forestry declines
In the first quarter of 2018, Forestry decreased by 12.7 percent from the 19.3 percent contraction from the same period last year.
Fishing continue to contract
Fishing, which accounted for 14.4 percent of the total AHFF in the first quarter of 2018, declined by 3.7 percent from a 1.2 percent growth in the same period of the previous year. Milkfish, Tilapia, Roundscad, Tiger prawn and Yellowfin tuna contributed to its decline.



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