Is Philippines rich in agriculture?

Is Philippines rich in agriculture?

Agriculture plays a significant role in the Philippine economy. Involving about 40 percent of Filipino workers, it contributes an average of 20 percent to the Gross Domestic Product.

Why is Philippines rich in agriculture?

Its output sustains the local demand and considered to be essential commodities within the country. Commercial crops assist both the agricultural export industry as well as the domestic demand and consumption. Growing crops for food consumption and fiber have been a lifelong activity in the Philippines.

What are the 7 sectors of agriculture?

The agriculture, forestry, fishing and hunting sector consists of these subsectors:

  • Crop Production: NAICS 111.
  • Animal Production: NAICS 112.
  • Forestry and Logging: NAICS 113.
  • Fishing, Hunting and Trapping: NAICS 114.
  • Support Activities for Agriculture and Forestry: NAICS 115.

What is the status of agriculture?

STATUS OF AGRICULTURE IN INDIA It contributes 22 percent to the country's gross domestic product (GDP). Out of a total 329 million ha, the net cropped area is 142.

How does agriculture contribute to GDP?

Agriculture Sector. Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population.

What is importance of agriculture?

Agriculture is the main source of national income for most developing countries. However, for the developed countries, agriculture contributes a smaller per cent age to their national income. Agricultural sector provides fodder for domestic animals. Cow provides people with milk which is a form of protective food.