Bicol College

Economic Development

Group 2

Nudo, Michaella
Nieves, Ma. Bernafae
Oquindo, Jocel Marie
De Belen, Larilyn

Different Kinds of Economic Sector

Quaternary Economic Sector

Tertiary Economic Sector

Secondary Economic Sector

Primary Economic Sector

WHAT IS A ?

A sector is an area of the economy in which businesses

share the same or related business activity, product, or
service.
Sectors represent a large grouping of companies with
similar business activities, such as the extraction of natural
resources and agriculture.
 1. Primary Economic Sector
(Extraction and production of Raw materials)

The primary sector involves companies that participate in the extraction and
harvesting of natural products from the Earth. Primary sector companies are
typically engaged in economic activity that utilizes the Earth's natural
resources, which are sold to consumers or commercial businesses.

Companies involved in the processing and packaging of raw materials are

also categorized within the primary sector.
a.) Labor Trends in the primary sector

Mining and quarrying- Mining Automation

Fishing- portion of low-value/trash fish is increasing in many areas, a trend

that is meeting the growing demand for these fish for use as feeds for
livestock and aquaculture.

Agriculture- Introduction of better and efficient irrigation facilities.

- use of machinery such as harvester
Forestry
Hunting

b. Agriculture

The agriculture sector is called the primary sector because more people
concentrated in the agriculture field and dependent on the environment.

According to the article of Employment by economic sector in the Philippines

2019, 22.86 percent of the employees in the Philippines were active in the
agricultural sector.

Major agricultural systems include lowland irrigated farming, rainfed farming,

and upland farming. The Philippines' major agricultural products include rice,
coconuts, corn, sugarcane, bananas, pineapples, and mangoes.


c. Fishing

The fishing industry includes any industry or activity concerned with taking,
culturing, processing, preserving, storing, transporting, marketing, or selling
fish or fish products.

It is defined by the Food and Agriculture Organization as including recreational,

subsistence, and commercial fishing, and the related harvesting, processing,
and marketing sectors.

 2. Secondary Economic Sector

takes the output of the primary sector (i.e. raw materials) and creates
finished goods suitable for sale to domestic businesses or consumers and
for export via distribution through the tertiary sector.

Manufacturing is an important activity in promoting economic growth and

development. Nations that export manufactured products tend to
generate higher marginal GDP growth, which supports higher incomes
and therefore marginal tax revenue needed to fund such government
expenditures as health care and infrastructure.
 The secondary sector includes the following business activities:
Automobile production, Textile, Chemical engineering, Aerospace space,
Shipbuilding, Energy utilities

a. Prominent industries

According to the Philippines Manufacturing Trends 2020, Manufacturing

contributed 22.6% to GDP as of 2019. The top 5 categories for manufacturing are:

1. Food manufacturing (USD 14.9B industry, half-year 2019)

2. Radio, television and communication equipment and apparatus (USD 3.8B)
3. Chemical and chemical products (USD 2.1B)
4. Petroleum and other fuel products (USD 1.3B)
5. Beverage industries (USD 1.1B)
These are the Prominent and top 10 Manufacturing companies in the Philippines based
on their financial statements, sales and marketing contacts

1. SAN MIGUEL CORPORATION

2. PETRON CORPORATION
3. SAN MIGUEL FOOD AND BEVERAGES, INC.
4. EL COCO MANUFACTURING AND TRADING CORPORATION
5. SAMPLE PHILIPPINES VENDOR CORPORATION
6. PILIPINAS SHELL PETROLEUM CORPORATION
7. PMFT INC.
8. UNIVERSAL ROBINA CORPORATION
9. TOSHIBA INFORMATION EQUIPMENT (PHILIPPINES), INC
10. NESTLE PHILIPPINES, INC.
b. Clothing and textiles

Clothing manufacturing includes numerous operations necessary to

make garments. It includes processes like cutting, sewing and finishing.

Local textiles and fabrics in the Philippines

3. Jusi/ Hablon textile

1. Piña fabric

2. Abaca
c. Metals and engineering
Metals and engineering industry involved work activities such as cutting,
pressing or casting metal, welding or grinding.

The Metals and Equipment Engineering (M&E) industries play a vital role
in the country’s economic growth and development.

The Philippine economic sectors manufacturing, agricultural, and service

sectors are heavily dependent on the M&E industry especially in terms of
their requirements for tools, implements, machines and equipment, parts
and assemblies, among others.
D. OIL AND gas

According to the Oil & Gas Journal, the Philippines had 139 million barrels
of proved crude oil, including lease condensate, reserves in 2019.

In 2019, total petroleum and other liquids production were 37,000 barrels
per day (b/d), and the country consumed 474,000 b/d.

The Philippines imported various types of crude oil. Around 85 percent of

the total crude mix (30,200 MB) was sourced from the UAE, Kuwait,
Russia, and Saudi Arabia. The remaining 15 percent was imported from
ASEAN countries, Australia, Taiwan and South Korea.
E. ELECTRONICS

The Philippine semiconductors and electronics industry is the largest

contributor to the country's manufacturing sector.

In 2013, the industry accounted for 41% of total exports, brought in US$
918 million worth of foreign and domestic investments, and employed 2.2
million workers.
 Top 10 Electronics manufacturing companies in Philippines by number
of employees for February 2022

1. AYALA
2. IMI (Integrated Micro-Electronics)
3. SFA Semicolon Philippines Corporation
4. Ionics
5. TroyCor Lightning
6. TEAM PACIFIC
7. Fastech
8. Gunamis Power Generator
9. Delta Lightning Industrial
10. Innovatronix
f. Biotechnology

Biotechnology utilizes living cells and cellular materials to create

pharmaceutical, diagnostic, agricultural, environmental, and other products
to benefit society.

It is also used to study and alter genetic information in animals so that human
diseases can be modeled and studied.

Top Biotech & Pharmaceuticals Companies in Manila

Johnson & Johnson AstraZeneca
IQVIA Sanofi
GlaxoSmithKline Roche
Bayer Dexcom
PPD
PFIZER
g. crafts
The Philippines is the second-largest world producer of handicrafts, mainly
baskets out of indigenous materials.

This industry continues to provide a respectable contribution to the foreign

exchange earnings of the country (US$71.9M in 2000) while many handicraft
items are also sold on the local market.

Famous arts and crafts of Philippines

weaving
metal smith
pottery,
woodcarving
gold smith


3. The tertiary economic sector

is also known as the service industry. This sector sells the goods produced by
the secondary sector and provides commercial services to both the general
population and to businesses.
It involves the retail of manufactured goods. It also provides services, such as
insurance and banking.

THE TERTIARY INDUSTRY IS SPLIT INTO TWO MAIN CATEGORIES

PROFIT
NON-PROFIT
The first is made up of companies in
The second comprises the non-profit
the business of making money, such as
segment, which includes services such
those in the financial industry.
as the police.

TERTIARY SECTOR EXAMPLES

Hospitality Industry Medical Services Personal Services

Transportation Financial Institution

4. Quaternary Economic Sector

A knowledge-based part of the economy typically includes services such as

information generation and sharing information, technology, consultation,
education, research and development, financial planning, and other knowledge-
based services.

It is the process that enables entrepreneurs to innovate better manufacturing

processes and improve the quality of services offered in the economy.

This term has been used to describe media, culture, and government.
Quaternary sectors consist of those industries
providing information services such as:

ICT (Information Research (particularly in

and Communication Consultancy (offering
scientific fields) advice to businesses
Technology)

Education Government
Entertainment and Media