In 2021, the Transportation and Storage (TAS) sector had 52 establishments that employed 2,308 people in the Ilocos Region. This indicates that there are at least 44 employees per establishment.

From 58 establishments in 2020 there was a decline of 10.3 percent in the number of establishments in 2021. On the other hand, there was an increase of 3.1 percent in the number of employment from 2,238 in 2020 to 2,308 in 2021.

The TAS sector in the Ilocos Region registered 2,002 paid employees in 2021, accounting for 86.7 percent of the total employment. The number of paid employees decreased by 9.5 percent in 2021 compared to 2020.

The TAS sector total revenue increased by 38.5 percent from PhP 713.92 million in 2020 to PhP 988.51 million in 2021. On the other hand, the total expense incurred by the sector amounted to 829.07 million, higher than the 615.22 million expenses in 2020.

The revenue per peso expense ratio in 2021 was recorded at 1.19, higher than the 1.16 revenue per expense ratio in 2020. The TAS sector recorded total compensation of PhP 201.64 million in 2021, higher by 15.0 percent from PhP|175.39 million in 2020.

The average annual compensation paid per employee in the Ilocos Region was 100.72 thousand in 2021. On the other hand, the average annual compensation per paid employee was recorded at 79.26 thousand in 2020.

SGD. ATTY. SHEILA O. DE GUZMAN, CPA
Regional Director, RSSO I