Local Economy

Agricultural Crops

Cereal production increased by 5.08% from 1,666,319.56 MT in 2021 to 1,750,934.21 MT in 2022. Bulk of the cereal production was made up of palay which accounted for 1,366,242.51 MT, higher by about 3.23% compared to previous year’s figure of 1,323,379.33 MT. Consequently, with a milled rice production of 790,380.84 MT, the province posted a rice sufficiency level of 209.47% for the year in review.

The top ten (10) palay producing municipalities/cities are mostly situated in the central and eastern part of the province. Municipality of Umingan recorded the top most producer of palay in the province with a total production of 109,998.90 MT. Followed by Mangatarem, Urdaneta City, San Manuel, San Quintin, San Carlos City , Villasis, Rosales, Asingan, and Aguilar. Pangasinan remains the top 3 palay producer nationwide in accordance to PSA data.

Palay Production

On the other hand, corn production in the province increased by about 10.06% from last year’s 342,728.73 MT to 377,195 MT. From the total production among municipalities in the province, Sta. Maria contributes the highest with 36,166.40 MT.

Corn Production

The total mango production of Pangasinan for CY 2022 is recorded at 97,064.22 MT as reported by the Provincial Agriculture Office. Among the top ten (10) mango producing municipalities/cities are mostly found in the central and eastern part of Pangasinan. Malasiqui leads the highst production with 16,500 MT, followed by Sta. Barbara and Umingan.

Mango Production

Tobacco production increased by 107,845.70% from the previous year’s 4321.01 MT to 4,664,344.51 MT. Meanwhile, on coconut production it is still pegged at 23,790,900/year, with District I having the bulk of production with 14,186,638 or 59.63% of the total production/year

The province has a total number of 237,021 farmers cultivating an area of 265,283 hectares. There are 58 Agrarian Reform Communities in the province covering 329barangays with 37,811 Agrarian Reform Beneficiaries, cultivating a total agricultural area or 95,943.8252 Has.

Livestock and Poultry

This year’s inventory of livestock and poultry population has increased by 24.37%, with poultry having the largest number with 5,612,933 heads or about 94.66% of the total livestock/poultry population. Poultry population has increased by 25.16% from last year’s (2021) 4,484,432 to this year’s (2022) 5,612,933. Livestock population has also increased from the previous year’s 283,172 to 316,665 heads or about 5.34% of the total livestock population.

Fishery

Total fishery production this year has increased by 7.72% from 124,948.3484 MT in 2021 to 134,595.2573 MT in 2022, posting a sufficiency level of 117% which implies that the fishery production surpassed the total fish demand of the province.

Forestry

To ensure forest protection and uplift the socio-economic condition of upland farmers. Activities such as reforestation, agro forestry and fuel wood/fruit trees plantation are being undertaken by about 1,701 beneficiaries under the Integrated Social Forestry (ISF) occupying an area of 2,911.67 hectares in the 38 barangays of Western and Eastern Pangasinan as of CY 2021 data.

Agricultural Support Facilities

There are 17 ice plants and cold storage facilities operating in the province which primarily caters to the preservation needs of fish traders or viajeros.

Trade and industry

The province has a total number of 16,672 micro small and medium enterprises (MSMEs), which have increased by about 1.2% from last year’s 13,762. The total number consists mostly of micro enterprises whose income is Php 3M and below.

The average Consumer Price Index (CPI) for all income household for all items is 115.6 with the purchasing power of peso being 0.86, while the province’s inflation rate increased from last year’s 4.20 to 5.70 this year.

There are 16,741 registered establishments with a total investment amounting to Php 2,511,243,845 Personal Services sector contributes the highest investment with 47.80% share. While Agribusiness Sector contributes the least with 3.42%.

Dominating the Business Name Registration, are the Trading and Personal Services sectors with about 60.41% and 32.69% of the total number of registered establishments, respectively, On the other hand, Agribusiness sector has the least with only 1.32% of the total number of establishments.

From the registered business establishments, some 28,108 persons were employed. Majority are employed under trading sector (49.99%), followed by personal services (37.97%), manufacturing (7.26%), industrial services (3.18%), and agribusiness (1.60%).

The province has a total of 6 registered Call Centers / Business Process Outsourcing of BPO as of CY 2022.

For industries with best potentials, mango industry is seen to be suitable in Central Pangaisnan, salt industry is best in western part and industries for vegetables are best preferred in the eastern part.

Financial Institutions

There are 1,065 Financial Institutions operating in the province, under the Bangko Sentral ng Pilipinas. Pawnshops and Money Service Businesses have (34.7%), and non-Banking institutions with 13 (1.22%). From these financial institutions, some 438 automated teller machines (ATM) are strategically installed within the province.

Tourism

Based on the Provincial Tourism, Culture and Arts Office, the survey of tourist arrivals based on accommodation establishments registered a total of 495,742 tourists, both domestic and foreign. On the other hand, the survey of day tourist based on tourist destinations, accounted for some 6,810,963 domestic and foreign tourists, which are dominated by the Manaoag Pilgrims and Bolinao beaches, with at least 50% of the total number of day tourist.

There are a total of 645 Accommodation Establishment (AE’s) in the province which employs about 2,267 employees. The establishments have a total number 5,172 rooms. District 1 has the highest with 514 AE’s, followed by District V with 53 AE’s.

A total of 48 shopping malls are strategically located in the province (Table 4.8.4) which provides employment opportunities to Pangasinenses and contributes to the economic growth of the province.