THE country’s ocean economy grew to P1.08 trillion last year, the Philippine Statistics Authority (PSA) said on Thursday.
The Philippine Ocean Economy Satellite Account, which is released annually, showed that the blue economy expanded by 5.3 percent in 2025 from P1.02 trillion recorded a year earlier.
The latest figure was also equivalent to 3.8 percent of the country’s total gross domestic product (GDP) at current prices.
According to the statistics agency, marine safety, surveillance, and resource management saw the highest expansion last year at 31.7 percent.
This was followed by marine insurance at 29.6 percent and sea-based transportation and storage at 10.8 percent.
In terms of share, the PSA said ocean fishing contributed the largest portion of the ocean economy last year at 24.1 percent, followed by the manufacture of ocean-based products at 21.3 percent, sea-based transportation and storage at 16.3 percent, and coastal accommodation and food and beverage service activities at 12.1 percent.
On the other hand, employment in the ocean economy reached 2.46 million in 2025, equivalent to 5 percent of the country’s total workforce.
This was also 3.4 percent higher than the 2.38 million employed individuals recorded a year earlier.
By component, the PSA said the ocean fishing sector employed the largest number of workers, accounting for 37.8 percent of total ocean economy employment.
This was followed by sea-based transportation and storage at 23.6 percent and coastal accommodation and food and beverage service activities at 21.7 percent.