Tag page - ocean economy

The country’s ocean economy grew to ₱1.08 trillion in 2025 from ₱1.02 trillion in 2024, despite a decline in the share of ocean-based activities in the country’s gross domestic product (GDP). The Philippine Statistics Authority (PSA) reported on Thursday, July 23, that the ocean economy...

The country’s ocean-based industries surged by 21.1 percent year-on-year to reach over P800 billion in 2022 as the pandemic dwindles down. Data released by the Philippine Statistics Authority (PSA) on Tuesday, Oct. 24, showed that the country’s ocean economy posted a gross value added (GVA) of...

As a result of the ongoing COVID-19 pandemic, the Philippines’ ocean economy declined by 32.6 percent, recording a gross value added (GVA) of P617.20 billion in 2020 from P916.31 billion in 2019, data from the Philippine Statistics Authority (PSA) showed. Accounting for 3.4 percent of the...