Camarines Sur - Economy

Economy

Camarines Sur has a total land form of 432.62 km2., the largest in Bicol Region. Its economy is mostly agriculture-based. Out of the 35 towns, 29 towns are mainly agricultural, producing rice, corn, feedmeal, freshwater fish, livestock, coconut, sugar, abacá, and water-lily. Entrepreneurs engage in trading, often branching out towards neighboring provinces in the south as local demand might be limited, indicated by its mostly 3rd-5th income class municipalities. Handicrafts are the major source of rural income. It continuous to provide fairly large share in the small-scale industries of the province. Forestry and papermaking are another source of livelihood. The manufacture of abacá products such as Manila hemp, hats, bags, mats and slippers is one of the main sources of income in the rural areas. Fishing is also done along both shores of the province. Tourism, primarily because of Caramoan, and Mt. Isarog, also draws income for Camarines Sur. 2 towns and one city is primarily tri-economy, which means that their economy has three bases. Naga City's economy is based in commercial, for all of the products from other provinces in the region are being brought here, making it the main center in Bicol Region. Naga City also has Industrial as one of the bases of its economy. The four major manufacturing and processing industries in the province are jewelry craft, gifts/toys/housewares, pineapple and coconut industry. Naga also has agricultural as a base of the economy because of its vast cornfields, ricefields, and water lily farms all over the city. Calabanga, Cabusao, Libmanan and Sipocot has also the same with Naga. Calabanga has commercial as a base for the economy because all products from Naga are being passed here in Calabanga. It is also the trade center for the towns of Tinambac, Goa, and Siruma. Calabanga also has fishing as a base of the economy because of the very large Quipayo Fishing Center the largest in Bicol. Calabanga also has agricultural because of vast productions of corn, sugar, and rice. Cabusao has agricultural as a base of the economy because of its large granary near its border in Libmanan. It also has fishing as a base of the economy because all of the fisheries products from Calabanga are brought here to be passed in Libmanan. WhileLibmanan has agricultural base because of its 156 hectares of ricefields, and cornfields distributedly. Libmanan also has fishing as a base because of its coastline connecting the towns of Ragay, and Pasacao. Libmanan also has partially a commercial district. And Sipocot has agricultural base economy, because of its abundant stock of native chicken(Sipocot's OTOP) and wide production of calamansi and other vegetables, it also serve as trading post for towns of Cabusao, Ragay and Mercedes(Camarines Norte), fish products from these towns are being received by Sipocot. The rest of the towns not counted are primarily fishing industry as the main base of their economy.