The manufacturing sector is the country’s top earner in 2013, generating as much as a third of the income of all business and industry sectors, according to the Philippine Statistics Authority (PSA).
Based on the final results of the 2013 Annual Survey of Philippine Business and Industry (ASPBI), the manufacturing sector earned P4.5 trillion in that year.
“Data collected from the survey provide information on the levels, structure, performance and trends of economic activities of the formal sector in the entire country for the year 2013,” the PSA said.
The manufacturing sector’s earnings amounted to 32.5 percent of total income booked by all establishments in 2013.
Total establishments booked earnings worth P13.7 trillion in 2013, a 34.6-percent growth from P10.2 trillion in 2010.
Second highest was Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles, with 26.7- percent share and earning P3.7 trillion in 2013.
Financial and Insurance Activities placed third, with an 8.9-percent share, or an income of P1.2 trillion.
The Professional, Scientific and Technical Activities recorded the highest increase in total income at 154.9 percent, from P106.7 billion in 2010 to P271.9 billion in 2013.
Meanwhile, the 25,149 firms engaged in manufacturing also provided the most employment to Filipinos in 2013.
PSA data showed there were 1.22 million Filipinos employed in the manufacturing sector. These accounted for 22.9 percent of the 5.34 million Filipinos employed in various businesses and industries in 2013.
Data showed the number of employees in 2013 grew by 34.5 percent from 3,966,110 workers in 2010.
Meanwhile, Filipino taxpayers extended P44.5 billion worth of tax exemptions and other subsidies to businesses and industries nationwide.
Data showed the tax perks granted to businesses and industries grew 5.6 percent from the total subsidies granted to establishments of P43.1 billion in 2010.
The Electricity, Gas, Steam and Air-Conditioning Supply received the biggest amount of subsidy equivalent to P9.2 trillion, or a 20.7-percent share of the total.
Professional, Scientific and Technical Activities received the second-biggest subsidy amounting to P8.4 billion.
Subsidies provided to Financial and Insurance Activities and Agriculture, Forestry and Fishing posted at P6.4 million and P6.3 million, respectively.
“Accommodation and Food Service Activities, Human Health and Social Work Activities and Other Service Activities, however, were not provided with government subsidy in 2013,” the PSA said.
The 2013 ASPBI is one of the designated statistical activities of the PSA. This is the 42nd in the series of establishment surveys.
The survey was conducted nationwide in September 2014 with the year 2013 as the reference period of data, except for employment, which is as of November 15, 2013.