A new study has found that Filipino seafarers and the country’s manning industry generated an estimated ₱1.06 trillion in economic impact in 2024, highlighting their critical role in supporting the national economy.
The study, the first of its kind, was conducted by the Center for Research and Communication (CRC) of the University of Asia and the Pacific (UA&P) in partnership with the Association of Licensed Manning Agencies (ALMA Maritime Group).
Researchers reported that the seafaring sector contributes around 4% of the Philippines’ Gross Domestic Product (GDP) and supports nearly 400,000 jobs across the country.
According to the findings, Filipino seafarers generated ₱150.1 billion in household income in 2024 and sent ₱331.7 billion in direct remittances, which circulated through various industries such as housing, food, education, transportation, and local services.
CRC President Dr. Winston Padojinog explained through indirect reporting that every peso sent home by a seafarer multiplies as it moves through different sectors,
Content Original Link:
" target="_blank">
