The preliminary results of the 2022 Annual Survey of Philippine Business and Industry (ASPBI) showed that in the Ilocos Region, there were 155 establishments engaged in professional, scientific and technical activities. It grew by 8.4 percent from the 143 establishments recorded in 2021. Meanwhile, the section employed a total of 1,048 workers in 2022, which was 1.0 percent higher than the 1,038 employees recorded in 2021.

In 2022, there were 1,031 remunerated employees in the section, or equivalent to 98.4 percent of the 1,048 total employment. This denotes a growth of 1.9 percent from the 1,012 paid employees in 2021.

Additionally, the average number of employees engaged in the section remained at seven employees per establishment in 2022.

In terms of total expense incurred by the section, PhP 435.22 million was reported, an increase of 6.3 percent from the PhP 409.42 million reported in 2021.

Likewise, the total revenue generated by the section amounted to PhP 453.85 million in 2022. This expanded to 27.9 percent from the PhP 354.92 million total revenue earned in 2021.

The total compensation paid by the establishments to its employees reached PhP 173.65 million, which was 77.2 percent higher than the PhP 98.02 million recorded total compensation in 2021. This translates to an average annual compensation of PhP 168,432 per paid employee. As compared with the average annual compensation of PhP 96,858 per paid employee in 2021, the average annual pay in 2022 posted an upward surge of 73.9 percent.

Furthermore, the section generated a revenue per peso expense ratio of 1.04 in 2022. The ratio means that for every peso spent by the section, a corresponding PhP 1.04 was generated. This reflects an increase of 19.5 percent from the 0.87 revenue per peso expense ratio recorded in 2021.

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