The number of people employed in the aquaculture sector (marine and inland) in the Philippines stood at 354.50 thousand units (persons) in 2023. Forecasted data shows a steady increase in employment from 2024 to 2028, beginning with 356.77 thousand units in 2024 and reaching 362.02 thousand units by 2028. The year-on-year variation shows modest growth: 0.40% from 2024 to 2025, 0.38% from 2025 to 2026, and 0.35% from 2026 to 2027, finishing with 0.33% from 2027 to 2028. The average annual growth rate (CAGR) over this five-year period is approximately 0.36%, reflecting steady expansion in the sector.
Future trends to watch for include technological advancements in aquaculture practices, potential regulatory changes, and the impact of climate change on marine and inland farming environments. These factors could influence employment rates and sector dynamics in the coming years.
