Economy
Primary Products
Agriculture contributes a major role to the economy of the municipality of Nabua given its vast alluvial plains. Its agricultural contribution consists of crop production, livestock, and fishery. Crop production is more intense rather than livestock and fishery.
Rice production, both irrigated and non-irrigated occupies about 87.26% of the total agricultural land devoted to crop production while corn and other types of crops occupies merely 7.96% and 4.78% respectively. However, crop production in the entire municipality represents only about 36.94% of the total municipal land area. Livestock production can be described as one merely that of backyard raising style despite the presence of at least two farms located at Inapatan with aggregate of only 1.00 hectare and only 22,000 animal heads. Likewise, inland fishing can hardly produce much-needed agricultural revenues both for the inland fishermen as well as for the benefit of the local government.
Trade
The Poblacion of the municipality of Nabua is strategic area for commercial development. Presently, its commercial area can be classified as a minor central business district which is reflective of being a tertiary urban growth corridor along the Legazpi-Iriga-Naga-Daet growth corridor. It services the commercial needs of the neighboring municipalities of Bato and Balatan secondary only to Iriga City. Among the commercial establishments to be found within the Poblacion are wholesale trade, general merchandise, auto and motor supplies, school supplies, funeral parlor, groceries, insurance companies, banks, lending investors, pawnshops, drugstores, restaurant and sari-sari stores.
Several barangays outside of the Poblacion functions as neighborhood centers. Those rural barangays include Sto. Domingo, Malawag, La Purisima, La Opinion, Dolorosa and San Jose. Most common in about 30 rural barangays are the mushrooming of sari-sari stores.
Industry
The municipality of Nabua remains predominantly agriculturally-related in terms of industrial activities at present. The existing industrial establishment within Nabua consists mainly of rice mills with total industrial of about 3,000 square meters. Cottage industries generating household employment and incoe proliferate in rural barangays. Nabua has a potential for agro-industrial development. This is manifested by its: (1) proximity to both Balatan Port and Pantao Port (2) Inherent vast agricultural lands (3) As an urban growth center and, (4) suitable agro-industrial site.
Read more about this topic: Nabua, Camarines Sur
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