TRADE AND INDUSTRY. There are 8,407 business establishments as of December 2003 in Iloilo City, of which 1,887 are new. Total capital investments for new business establishments from January to June 2008 is P1,127,040,000. However, both new and renewed capital investments for the year 2003 amounted to Php 13.02 Billion.
PRIVATE BUILDING CONSTRUCTIONS totaled 822 in 2003 with a total construction cost of P 1,005,443,542.74 Business names registered at Dept. of Trade & Industry (DTI) totaled 1,911 with the total investment of P 4,116,492,305.95.
LABOR FORCE PARTICIPATION RATE (LFPR) is 66.0 % (April, 2003). 79.5 % of the Labor Force are employed where 20.5 % constitute unemployment rate; while visible underemployed rate is 11.9%. Of the employed person by type of industry from primary occupation 82 % belongs to service sector, 14 % belongs industry sector and only 4 % are in agriculture (as of April 2003 FIES, NSO).
AVERAGE ANNUAL FAMILY INCOME (at current prices) is P 283,604 or a percentage increase of 32.3 between 1994 to 1997 while Average Annual Family Expenditures is P 226,887 or a 25.6% increase (2000 FIES). Average per Capita Income is P 65,036 and Average Per Capita Expenditures is P 51,557 (FIES 2000). Average Inflation Rate is 3.2, the Average Purchasing Power of the Peso is 0.62 and the Average Consumer Price Index (CPI) is 162.6 in 2003. (Source: NSO, Prices Section).
VOLUME OF FISH UNLOADED AND AUCTIONED at Iloilo Fishing Port Complex is 28,037,695 kgs. While Volume of Finished Fish Products shipped out is 241,862.92 kgs. in 2003. Also a total of 345,334.93 kgs. of materials was also processed at Iloilo Fishing Port Complex (IFPC).
Source: www.investiniloilo.com
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