Bicol Region - Economy

Economy

Bicol Region has a large amount of rich flat land, and agriculture is the largest component of the economy with close to 50% depending their livelihood on the industry. Coconuts, abaca, banana, coffee and jackfruit are the top five permanent crops in the region. Rice and maize are among the chief seasonal crops of the region. Commercial fishing is also important with thirteen major fishing grounds supplying fish markets in places as far as Metro Manila. Agriculture and fishing are the major factors in the province's economy.

Mining is also one of the contributors to the region's economy. Several handicrafts, jewelry manufacturing, other small-scale industries and manufacturing enterprises bolster rural incomes.

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