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Philippine Manufacturing grew 2X faster than global average (2010-2013)

In our post last July, 2013, (see the-philippine-manufacturing-sector-is-the-24th-largest-in-the-world) we showed how the Philippine manufacturing sector is growing vis-a-vis the other countries in the period between 2005 and 2010. Recent data from UNIDO now allows us to compare our performance in the last three years.

Did you know that in the period of 2010 to 2013, the Philippine’s manufacturing sector, (based on manufacturing value added, MVA) grew faster than the average growth rate of ASEAN’s manufacturing sector? And that it grew more than 2 times the global average?

  • World, 208 countries (2010-2013): 2.17%
  • ASEAN, 10 countries (2010-2013): 4.97%
  • Philippines (2010-2013): 5.77%

For more info, go to UNIDO’s database on Industrial Performance.

http://www.unido.org/Data1/IndStatBrief/A_Industrial_Performance_MVA_GDP.cfm?print=no&ttype=A&Country=PHI&Group=ASEAN

Philippine MVA vs ASEAN

 

 

 

 

 

 

 

 

 

 

 

 

 

Latest NSO Census reveals 57% more manufacturing companies in the Philippines

Two days ago, the NSO released a preliminary report on the 2012 Census of Philippine Business and Industry – Manufacturing Sector for Establishments with Total Employment of 20 and Over. Compared to the last census in 2010, data shows a signficantly larger manufacturing sector. The NSO  attributes this to newly listed manufacturing establishments in the 2011 and 2012 Updating of List of Establishments.

57% more Establishments: 

Compared to 2010, the census shows that there’s 57%   establishments, reaching 7,313 in 2012. Note that this does not include establishments with employment of 20 and below. Top Subsectors were Other food products, 908 establishments,  221% increase, Wearing apparel, 668 establishments, 192%, Plastic products,  454 establishments, 133%, Printing  365  establishments, 138%, Furniture, 315, 146%.

21% more Employment:

The same report showed a 21% more manufacturing employment compared to 2010. Top employers were Electronic components, Wearing apparel, Other food products, parts and accessories for motor vehicles.

24% higher Value of output:

Manufacturing establishments with TE of 20 and over generated a value output of PHP4.3 trillion in 2012, 24.5 percent from the amount generated in 2010.

For more details, go to the NSO report at http://www.census.gov.ph/content/2012-census-philippine-business-and-industry-manufacturing-sector-establishments-total

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