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Aquaculture makes up a substantial proportion of the overall output of Philippine fisheries. It has a long history in the archipelago, with wild-caught milkfish being farmed in tidally-fed fish ponds for centuries. Modern aquaculture is carried out in freshwater, brackish water, and seawater throughout the country through a variety of methods.
Aquaculture grew 5.42% annually in the decade leading to 1997, while commercial fisheries expanded 4.47% annually. This offset a 1.54% annual decrease in municipal fisheries production. In 1995, the Philippines was the twelfth-largest fish producer and fourth-largest aquaculture producer.
The Philippines is an archipelagic country with a large coastal population. In many areas, communities rely heavily on fisheries for subsistence and livelihoods. Both capture fisheries and aquaculture occur inland and at sea, producing various fish, shellfish, other invertebrates, and seaweed.
Municipal fisheries and aquaculture combined produced 73% of all catch from 2011 to 2020. [33] From 2012 to 2021 aquaculture was far more productive than municipal fisheries, whose productivity was in turn slightly higher than that of commercial fisheries. [6]: 27 In terms of value the difference was not as large.
Aquaculture in the Philippines (which includes fish, shellfish, and seaweed farming) comprises 39% of the country's fisheries sector. The rest of the fisheries sector is composed of commercial and municipal fishing. [59] Some of the more common aquaculture products in the Philippines are bangus, tilapia, catfish and mudfish, and prawns. [59]
The growth rate of worldwide aquaculture has been sustained and rapid, averaging about 8% per year for over 30 years, while the take from wild fisheries has been essentially flat for the last decade. The aquaculture market reached $86 billion [62] in 2009. [63] Aquaculture is an especially important economic activity in China.
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The Philippines' Bureau of Fisheries and Aquatic Resources (Filipino: Kawanihan ng Pangisdaan at Yamang-tubig, [2] abbreviated as BFAR), is an agency of the Philippine government under the Department of Agriculture responsible for the development, improvement, law enforcement, management and conservation of the Philippines' fisheries and aquatic resources.