ILOILO City – The wholesale and retail trade with repair of motor vehicle and motorcycles (Sector G) is the top earner and spender sector in Western Visayas, the 2018 Census of the Philippine Business and Industry (CPBI) showed.
The Philippine Statistics Authority (PSA) Region 6, through its statistical operations and coordination division chief Marlene Aviar, presented the results of the 2018 CPBI during yesterday’s regional dissemination forum here.
Of the P777.6 billion total revenue of Region 6, Sector G comprised the biggest chunk – P401.9 billion.
Total revenue, as defined, included cash received and receivables for goods/products sold and services rendered.
The manufacturing (Sector C) had 81.8 billion followed by financial and insurance (Sector K) with P63.4 billion; electricity, gas, steam, and air conditioning supply (Sector D) with P45.1 billon; accommodation and food service activities (Sector I) with P39 billion.
Sectors with lowest revenue were water supply, sewerage, waste management and remediation activities and professional, scientific and technical activities with P2.8 billion and P2.5 billion, respectively.
Aside from having the highest revenue, Sector G is also the top spending sector with P376.4 billion total expenses.
The total expenditure in Western Visayas reached P692.6 billion.
Total expense means all expenses incurred during the year whether paid or payable. Valuation is at purchaser prices including taxes and other charges, net of rebates, returns and allowances. Goods and services received by the establishment from other establishments of the same enterprise are valued as though purchased.
Also, Sector C, Sector K, Sector D and Sector I were also among the highest expense sectors with P73 billion, P48.7 billion, P41.5 billion, and P35.7 billion, respectively.
Meanwhile, Western Visayas establishments also registered P64. 3 billion total annual compensation with Sector G as the highest paid with P14.6 billion followed by Sector K with 11. 6 billion, Sector N (Administrative and Support Service Activities) with P7.4 billion, Sector C with P5.5 billion, and Sector P (Education) with P4.6 billion.
There were also a total of 21, 721 establishments in the region wherein Sector G has the number of establishments with 9, 405 followed Sector K with 3, 056; Sector I with 2, 650; and Sector C with 1, 425.
“These top four sectors comprise 76. 2 percent of our total establishments in 2018,” said Aviar.
Meantime, out of 317, 435 total employment in the region, sectors with the highest number of workers were Sector G with 89, 000 followed by Sector N with 40,000; Sector K with 36, 000; Sector I with 30,000; and Sector C with 27, 000.
On the other hand, sectors with the highest value added (gross output less intermediate input) are Sector G (P44.1billion), Sector K (P28.4 billion), Sector C (P27.5 billion), and Sector B or Mining and Quarrying with P16.1 billion.
The 2018 CPBI dissemination was supposed to be last year but because of the pandemic, it was moved this year.
Conducted in May to September 2019, it aimed at generating information on MSMEs, gender disaggregated statistics on employment and updating basic information of establishments and enterprise for the improvement of the Statistical Business Register (SBR).
The reference period of all information gathered was year 2018, except for total employment which took a snapshot of the establishment’s number of employees as of 15 November 2018.
Data collected constituted bases upon which the government and the private sector can formulate policies and craft economic development plans.
Aviar underscored the importance of having the said census as these are inputs in the computation of the performance of the formal sectors of the economy./PN
