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Ocean-based industries grew by 21.1 Percent in 2022, Accounted for 3.9 Percent of GDP
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The ocean economy grew by 21.1 percent in 2022, posting a gross value added of PhP 857.74 billion from PhP 708.10 billion in 2021. It accounted for 3.9 percent of the Gross Domestic Product at current prices in 2022.
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Ocean-based Industries Grew by 6.7 Percent, Accounted for 3.6 Percent of GDP in 2021
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The ocean economy grew by in 2021, posting a gross value added (GVA) of from in 2020. It accounted for of the Gross Domestic Product (GDP) at current prices in 2021. (Figure 1, and Tables 1 and 2)
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Ocean-based industries declined by -32.6 percent, accounted for 3.4 percent of GDP in 2020
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The ocean economy declined by -32.6 percent in 2020, posting a gross value added (GVA) of PhP 617.20 billion from PhP 916.31 billion in 2019. It accounted for 3.4 percent of the Gross Domestic Product (GDP) at current prices in 2020.
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Ocean Industries account for 3.6 percent of GDP in 2018
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The gross value added of Ocean-based industries accounted for 3.6 percent of Gross Domestic Product (GDP) in 2018. Value added from these industries increased by 7.8 percent amounting to PhP 622.2 billion from PhP 577.4 billion in the previous year.
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Mr. Mark C. Pascasio
(Chief Statistical Specialist)
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Assistant National Statistician
Macroeconomic Accounts Service
m.pascasio@psa.gov.ph

Mr. Gerald Junne L. Clariño
Chief Statistical Specialist
Satellite Accounts Division
E-mail: g.clarino@psa.gov.ph

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