Manufacturing, highest revenue generator in Caraga
by Lovely Laudette Gamba
Butuan City (February 27) –- The manufacturing sector generated the highest revenue among the economic sectors in the region in 2006 with P6.496 billion.
This is revealed by the National Statistics Office (NSO) Caraga during the Regional Data Dissemination Forum on the 2006 Census of Philippine Business and Industry (CPBI), recently.
This is closely followed by the Mining and Quarrying sector who recorded a whooping P6.361 billion in revenue. Third largest revenue generator is the Wholesale and Retail Trade with P4.471 billion. The fourth highest revenue generator is the Electricity, Gas and Water Supply with P3.394 billion. Fifth is the Financial Intermediation sector with P1.192 billion.
The agriculture sector including hunting, forestry and fishing recorded a total revenue of P596 million in 2006. Private education recorded a revenue of P714 million. Construction has a total revenue of P1.058 billion and hotels and restaurants P336 million.
The lowest revenue generators on the other hand are Real State, Renting and Business Activities; Transportation, Storage and Communication; and Health and Social Work.
Although the manufacturing sector is the highest revenue generator, it also spends the highest with a total cost of P5.596 billion. This is followed by the Wholesale and Retail Trade at P4.267 billion. Third is the Electricity, Gas and Water Supply with a total cost of P2.617 billion.
The fourth highest spender is the Mining and Quarrying sector which has a total cost of P2.579 billion. Fifth is the Financial Intermediation sector with P662 million. The agriculture sector on the other hand has a total cost of P402 million.
Based on the research revenue-cost ratio of the region amounts to P1.4 billion lower than the country's ratio of P1.6 billion. Further, the agriculture sector records the highest return at P1.48 billion.
The 2006 CPBI covered establishments engaged in 14 economic sectors classified under the amended 1994 Philippine Standard Industrial Classification (PSIC).
The scope of the 2006 CPBI was confined to the "formal sector" consisting of corporations and partnerships, cooperatives and foundations, single proprietorships with employment of 10 or more and single proprietorship with branches.
The 2006 CPBI used stratified systematic sampling with a random start. For establishments with average total employment (ATE) 20 and over, the geographic domain and the industry domain served as the first stratification variable.
For the establishments with ATE less than 20, the geographic domains are the regions and the industry domain, the industry groups. Employment size was used as the second stratification variable. (PIA-13) [top]