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Philippines’ ocean-based industries grow 6.7 pct in 2021

MANILA, Dec. 16 (Xinhua) — The ocean economy in the Philippines grew by 6.7 percent in 2021, posting a gross value added (GVA) of 707.80 billion pesos (roughly 12.70 billion U.S. dollars) from 663.06 billion pesos (approximately 11.89 billion U.S. dollars) in 2020, the Philippine Statistics Authority (PSA) said on Friday.

The statistics agency said the ocean-based industries accounted for 3.6 percent of gross d