Seven out of eight establishments are engaged in Services
In 2018, a total of 14,550 establishments in the formal sector were engaged in various economic activities in Eastern Visayas. Of this number, there were 12,879 establishments in the Services sector comprising 88.52 percent of the total number of establishments in the region. Meanwhile, establishments in the Industry sector and Agriculture sector posted at 1,545 and 126, shared 10.62 percent and 0.87 percent, respectively (Figure 1).
Four out of 10 establishments are engaged in wholesale and retail trade; repair of motor vehicles and motorcycles
Across all 18 industries, the wholesale and retail trade; repair of motor vehicles and motorcycles section recorded the highest number of establishments with 6,429 or 44.19 percent of the region’s total number of establishments. This was followed by 2,122 establishments engaged in financial and insurance activities (14.58%) and 1,447 establishments engaged in accommodation and food services activities (9.95 %) in the region (Figure 2).
On the other hand, the lowest contributors in terms of number of establishments were mining and quarrying with 13 establishments; electricity, gas, steam and air conditioning with 16 establishments; and water supply, sewerage, waste management and remediation activities with 33 establishments. Each contributed less than 1.0 percent to the total number of establishments in the region (Figure 2).
Employment in the formal sector in the region reaches 116,733
As of 15 November 2018, establishments in the formal sector in the region generated 116,733 employment. Out of this number, there were 92,817 employees (79.51%) in the Services sector; 21,623 employees (18.52%) in the Industry sector; and 2,293 employees (1.96%) in the Agriculture sector (Figure 3).
As to employment by industry, majority were employed in the wholesale and retail trade; repair of motor vehicles and motorcycles with 43,342 employees or 37.13 percent of the total employment in the region.
Manufacturing industry had 13,379 employees or 11.46 percent, while financial and insurance activities had 11,381 employees or 9.75 percent of the total number of employment in the region (Figure 4).
The least number of employment were in mining and quarrying; professional, scientific and technical activities; and real estate activities which generated less than 1.0 percent of the total employment in the formal sector of the region (Figure 4).
Revenue and expense highest in the Services sector
The total revenue generated by establishments in the formal sector in 2018 reached PhP 423 billion which was 1.75 percent of the country’s total revenue. Conversely, the total expense incurred was PhP 385 billion or 1.82 percent of the total expense recorded nationwide (Table 1).
The Services sector generated the highest revenue among the three major economic sectors at PhP 257.4 billion or 60.85 percent of the total. Industry sector with PhP164.2 billion or 38.81 percent, while Agriculture sector had PhP 1.4 billion or 0.33 percent share of the total revenue (Figure 5).
In terms of total expense incurred, similar pattern was noted for the three major economic sectors in the region. Services sector topped the highest expense with Php 227 billion (58.91%), followed by Industry sector with PhP 157 billion (40.88%), and Agriculture sector with PhP 821 million (0.21%) (Figure 5).
Among industry sections, the establishments engaged in wholesale and retail trade, repair of motor vehicles and motorcycles generated the highest revenue of PhP 195 billion (46.21%). Relatively, this section also incurred the highest expense at PhP 185 billion (48.16%).
Manufacturing industry ranked next with PhP119 billion (28.24%) in revenues and PhP 120 billion (31.08%) in total expense. Firms engaged in financial and insurance activities came third with revenues amounting to PhP 37 Billion (8.81%) and total expense of PhP 22 billion (5.61%) (Table 1).
Value Added is estimated at PhP 80 billion
The total value added by economic activities in the formal sector in the region was estimated at PhP 80 billion which was 1.10 percent of the country’s total value added. Among the region’s major economic sectors, the Service sector registered the highest value added at PhP 47.8 billion which made up 59.69 percent of the total value added. The value added for the Industry, and Agriculture sectors were estimated at PhP 31.5 billion and PhP 800 million which comprised 39.31 percent and 1.00 percent, respectively, of the region’s total value added (Figure 8).
Meanwhile, across all industry sections, wholesale and retail trade; repair of motor vehicles and motorcycles had the highest value added at PhP 19 billion followed closely by financial and insurance activities at PhP 17 billion, while manufacturing had PhP 14 billion.
Industry is the most labor productive with PhP 1.4 million
At the regional level, labor productivity was recorded at PhP 686 thousand value added per worker. The Industry sector was the most productive in the region in 2018 with PhP 1.4 million labor productivity. Services sector had PhP 0.5 million value added per worker while Agriculture sector was the least productive at PhP 0.3 million.
Across all industry groups, the most productive were those engaged in electricity, gas, steam and air conditioning; financial and insurance activities; and, construction activities with Php 5,075 thousand, PhP 1,494 thousand, and P1,164 thousand, respectively (Table 1).
The 2018 CPBI was conducted using a sample size of 60,683 establishments out of the total sampling frame units of 334,522 establishments which were engaged in economic activities classified under the 18 industry sections, that is, A to S, except O or Public Administration and Defense; Compulsory Social Security, as defined in the 2009 Philippine Standard Industry Classification (PSIC). The 2009 PSIC was utilized to classify economic units according to their economic activities. The sampling frame for the 2018 CPBI was extracted from the 2018 List of Establishments (LE) as of 01 February 2019.
The 2018 CPBI was conducted in May to September 2019. The reference period of all information gathered is year 2018, except for total employment which took a snapshot of the establishment’s number of employees as of 15 November 2018.
The 2018 CPBI is confined to the formal sector of the economy comprised of the following: (1) Corporations and partnerships; (2) Cooperatives and foundations;(3) Single proprietorship with employment of 10 and over; and (4) Single proprietorship with branches.
For confidentiality reasons, data rows with fewer than three contributing establishments are not presented in the tables. Additionally, establishment counts are suppressed. The data for these establishments, however, are still included in the computation of totals, averages or ratio.