Economic Dynamism

3 Year Comparative Index

A. ECONOMIC DYNAMISM

INDICATORS 2020 2019 2018 2017 2016
           
SIZE OF LOCAL ECONOMY          
           
GROSS SALES OF REGISTERED FIRMS 139,353,010,345.82 142,798,377,655.63 133,205,669,910.00 101,720,996,197.00 89,474,366,649,00
NEW BUSINESS TOTAL CAPITALIZATION YES YES YES YES YES
           
GROWTH OF ECONOMY          
           
RATE OF TOTAL GROSS SALE -2.41% 7.20% 31% 13.7% 8.47%
RATE OF TOTAL CAPITALIZATION -4.47% -23.07% – 6% – 11,15% 61.13%
           
STRUCTURE OF ECONOMY          
           
NO. OF APPROVED NEW BUSINESS 1,285 1,467 1.444 1,682 1,264
NO. OF APPROVED BUSINESS RENEWALS 10,233 9,919 9,201 8,555 7,682
           
SAFETY COMPLIANT BUSINESS          
           
NO. OF APPROVED OCCUPANCY PERMIT 2,186 642 623 418 477
           
SIZE OF LOCAL ECONOMY          
           
NO. OF APPROVED SAFETY INSPECTION PERMIT 11,462 11,248 10,682 8,866 9,363
           
INCREASE IN EMPLOYMENT          
           
NO. OF DECLARED EMPLOYEES FOR NEW BUSINESS PERMITS 2,862 4,751 5,074 5,415 5,311
NO. OF DECLARED EMPLOYEES FOR BUSINESS PERMIT RENEWALS 145,479 154,383 91,878 87,725 84,976
           
LOCAL INFLATION RATE          
           
INFLATION RATE 2.6 3.8 5.8 3.2 2.9
           
PRICE OF DIESEL          
           
AVERAGE PRICE AT THE BIGGEST GASOLINE STATION 37.39 40.19 38.60 35.75 24.25
           
COST OF DOING BUSINESS          
COST OF ELETRICTY (AVERAGE)          
           
— COMMERCIAL (PER KWH) 8.1606 9.30 9.30 8.74 7.29
— INDUSTRIAL (PER KWH) 6.7461 7.50 7.58 7.05 7.29
           
COST OF WATER (AVERAGE)          
           
— COMMERCIAL (PER CUBIC METER) 40.30 47.26 40.30 40.30 40.30
— INDUSTRIAL (PER CUBIC METER) 46.10 46.10 46.10 46.10 46.10
           
DAILY MINIMUM WAGE RATE          
AGRICULTURAL-BASED          
— PLANTATION 315.00 290.00 290.00 272.00 272.00
— NON-PLANTATION 315.00 290.00 290.00 272.00 272.00
           
NON-AGRICULTURAL          
— MORE THAN 10 EMPLOYEES 336.00 311.00 311.00 295.00 311.00295.00
— LESS THAN 10 EMPLOYEES 336.00 311.00 311.00 295.00 295.00
           
COMMERCIAL REAL STATE          
           
COST OF LAND IN CENTRAL BUSINESS DISTRICT 13,393.00 3,000.00 6,690.00 20,780.00 22,500.00
           
COMMERCIAL REAL STATE          
           
COST OF RENT (PER SQM PER MONTH 500.00 500.00 486,00 486,00 486,00
           
FINANCIAL DEEPENING          
           
NO OF UNIVERSAL/COMMERCIAL BANKS
46 45 44 44 44
NO OF THRIFT/SAVINGS BANKS
27 26 27 21 18
NO OF RUPAL BANKS          
           
NO OF FINANCE COOPERATIVES
200 48 44 59 28
NO OF SAVINGS AND LOANS ASSOCIATION
    164 185 173
NO OF MICROFINANCE INSTITUTIONS 208 151 131 121 100
           
NO OF PAWNSHOPS
150 141 136 157 154
NO OF MONEY CHANGER/ FOREX DEALERS
135 125 119 100 95
NO OF REMITTANCE CENTERS 199 186 181 136 133
           
PRESENCE OF BUSINESS ORGANIZATIONS          
           
TOTAL NO OF LGU RECOGNIZED / ACCREDITED BUSINESS/NCO/PO GROUPS 132 132 114 101 82
TOTAL NO OF OTHER NON-ACCREDITED BUSINESS/NGO/P0 GROUPS 193 147 157 219 192
           
PRODUCTIVITY          
           
CROSS SALES OF REGISTERED FIRMS 139,353,010,345.82 142,798,377,655.63 133.205.669,910.26 101,720,996.197.08 89,474,366,649.48
NO. OF DECLARED EMPLOYEES FOR BUSINESS PERMIT RENEWAL 145,479 154,383 91,878 87,725
86,976