Economic Dynamism

3 Year Comparative Index

A. ECONOMIC DYNAMISM

INDICATRORS 2018 2017 2016
       
SIZE OF LOCAL ECONOMY      
       
GROSS SALES OF REGISTERED FIRMS 133,205,669,910.00 101,720,996,197.00 89,474,366,649,00
NEW BUSINESS TOTAL CAPITALZATION YES YES YES
       
GROWTH OF ECONOMY      
       
RATE OF TOTAL GROSS SALE 31% 13.7% 8.47%
RATE OF TOTAL CAPITALIZATION – 6% – 11,15% 61.13%
       
STRUCTURE OF ECONOMY      
       
NO. OF APPROVED NEW BUSINESS 1.444 1,682 1,264
NO. OF APPROVED BUSINESS RENEWALS 9,201 8,555 7,682
       
SAFETY COMPLIANT BUSINESS      
       
NO. OF APPROVED OCCUPANCY PERMIT 623 418 477
       
SIZE OF LOCAL ECONOMY      
       
NO. OF APPROVED SAFETY INSPECTION PERMIT 10,682 8,866 9,363
       
INCREASE IN EMPLOYMENT      
       
NO. OF DECLARED EMPLOYEES FOR NEW BUSINESS PERMITS 5,074 5,415 5,311
NO. OF DECLARED EMPLOYEES FOR BUSINESS PERMIT RENEWALS 91,878 87,725 84,976
       
LOCAL INFLATION RATE      
       
INFLATION RATE 5.8 3.2 2.9
       
PRICE OF DIESEL      
       
AVERAGE PRICE AT THE BIGGEST GASOLINE STATION 38.60 35.75 24.25
       
COST OF DOING BUSINESS      
COST OF ELETRICTY (AVERAGE)      
       
— COMMERCIAL (PER KWH) 9.30 8.74 7.29
— INDUSTRIAL (PER KWH) 7.58 7.05 7.29
       
COST OF WATER (AVERAGE)      
       
— COMMERCIAL (PER CUBIC METER) 40.30 40.30 40.30
— INDUSTRIAL (PER CUBIC METER) 46.10 46.10 46.10
       
DAILY MINIMUM WAGE RATE      
AGRICULTURAL-BASED      
— PLANTATION 290.00 272.00 272.00
— NON-PLANTATION 290.00 272.00 272.00
       
NON-AGRICULTURAL      
— MORE THAN 10 EMPLOYEES 311.00 295.00 311.00295.00
— LESS THAN 10 EMPLOYEES 311.00 295.00 295.00
       
COMMERCIAL REAL STATE      
       
COST OF LAND IN CENTRAL BUSINESS DISTRICT 6,690.00 20,780.00 22,500.00
       
COMMERCIAL REAL STATE      
       
COST OF RENT (PER SQM PER MONTH 486,00 486,00 486,00
       
FINANCIAL DEEPENING      
       
NO OF UNIVERSAL/COMMERCIAL BANKS
44 44 44
NO OF THRIFT/SAVINGS BANKS
27 21 18
NO OF PUPAL BANKS      
       
NO OF FINANCE COOPERATIVES
44 59 28
NO OF SAVINGS AND LOANS ASSOCIATION
164 185 173
NO OF MICROFINANCE INSTITUTIONS 131 121 100
       
NO OF PAWNSHOPS
136 157 154
NO OF MONEY CHANGER/ FOREX DEALERS
119 100 95
NO OF REMITTANCE CENTERS 181 136 133
       
PRESENCE OF BUSINESS ORGANIZATIONS      
       
TOTAL NO OF LGU RECOGNIZED / ACCREDITED BUSINESS/NCO/PO GROUPS 114 101 82
TOTAL NO OF OTHER NON-ACCREDITED BUSINESS/NGO/P0 GROUPS 157 219 192
       
PRODUCTIVITY      
       
CROSS SALES OF REGISTERED FIRMS 133.205.669,910.26 101,720,996.197.08 89,474,366,649.48
NO. OF DECLARED EMPLOYEES FOR BUSINESS PERMIT RENEWAL 91,878 87,725
86,976