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Economic Profile

Created: 22 October 2015 Published Date Hits: 2304
 

Economic Profile

Economic Profile

  •  Agriculture

 Agricuture is considered as one of the country's important sector. In relation to the city's economic activities, agriculture has a great contribution in the island's economy. Basically, 90% of the total land area is devoted to coconut, corn, and other crops production. About 71.12 percent is developed for agricultural production while 18.96 percent remain idle which mean that there is still more space for agricultural production.

Among the city's major crops, coconut is the highest with 16,105.25 hectares planted. The coconut is processed into copra and sold to neighboring city particularly Davao City.

The city is known for its 3Ms namely: Mango, Mongo and the Mariculture Park. Among the three, mango is considered in One Town One Product Program (OTOP) of the local government and the city will be known for its Fresh Mango and other related products.

Corn, rice and other crops also shared in the island's agricultural pie. Rice are predominantly grown in Barangays Aumbay and Libuak.

For the past years, mango, banana and citrus emerged increasingly having more potential area for plantation. Apparently, these crops areas axpected to contribute in the island's agricultural volume of production in the coming years.

Most of the agricultural products in the island are locally consumed except for copra and mango. These are directly sold in the nearby market particularly in Davao City. The level of output is minimal enough for the local market in the island. 

 

  • Livestock

Aside from farming and fishing, livestock production is given full support by the local government. The City Veterinary Office is tasked to monitor and ensure animals' physical condition. Chicken are the most grown animals. 

 

  • Fishery

Being a coastal city having an extensive coastline of 118.5 kilometer long and thirty one (31) or sixty seven percent of the forty six (46) barangays are coastal, fishing is one of the sources of living of its residents.

Not all islanders depend on agricultural farming but some are engage in fishing or doing both. In fact, there are 4,135 fisherman with 1,335 units motorized bancas and 890 non-motorized bancas.

Most of the fishes found in the municipal waters are tuna, tuna like species, big-eyed scad, flying fish, sardines, parrot fish and siganid. Minor sea products other that fish are seashells, seaweeds and sea cucumber. 

For three consecutive years, there is a decrease in marine products. Marine and inland products are directly sold to local market.

Few individuals in Babak District specifically in Barangays Balet and Libuak and in Samal District privately grow inland fishes like Bangus and Tilapia in a 18.5 hectares.

 

  • Tourism 

The Islland Garden City of Samal is considered as one of the most promising tourist destination in the country for its inimitable beauty and unspoiling natural attraction such as white sand beaches, crystal waters, religious and historical attractions, caves, mountains, forests, viewdecks and falls the island can offer.

Total Tourists Arrival in 2014 accounted to 422,787 daytour tourists and 256,605 overnight tourists. Islabd tour is available for tourists who wish to view Samal Island by water.