What are the advantages of having rich natural resources in the Philippines?

The Philippines is rich in natural resources. Its fertile land produces a variety of crops such as coconut, copra, banana, pineapples, sugar, gum, resins and rubber. Some of these agricultural crops are raised for export. Rice, which is the staple food of Filipinos, is produced, largely, in the Central Plains of Luzon.

Why is the Philippines considered rich in natural resources?

The Philippines is rich in natural resources. It has fertile, arable lands, diverse flora and fauna, extensive coastlines, and rich mineral deposits. About 30% of the land area of the country was determined be geologically prospective by the Philippine Mines and Geo-Sciences Bureau.

What is the most important natural resources in the Philippines?

There are an estimated 21.5 billion metric tons of metal deposits in the Philippines and 19.3 billion metric tons of nonmetal minerals in the ground. Nickel is the most abundant deposit in the Philippines, while iron and copper are also present in significant amounts.

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Is the Philippine rich in resources?

The Philippines is a country rich in natural resources, such as minerals, agricultural land and fisheries, but this wealth is threatened by fast economic growth, rapid urbanisation and climate change.

Why Philippines is blessed with natural resources?

The Philippines is blessed with natural resources. It is conducive to agriculture having fertile, arable lands, diverse flora and fauna, extensive coastlines. … Additional, the country has rich mineral deposits covering 30% of the land area of the country according to the Philippine Mines and Geo Sciences Bureau.

Is Philippines rich in culture?

A: The Filipino culture is one of the most well-known in the world for its uniqueness and rich history. The common cultural practices in the Philippines are as follow: Bayanihan Filipino culture – Among the most popular Filipino customs and traditions that are still practiced to this day.

Is Philippines richer than India?

China, Malaysia, India, Vietnam, Ethiopia and Uzbekistan are among the countries that made the list. But not the Philippines.

India And The Philippines Will Beat China Over The Next Decade.

Country GDP Per Capita GDP
India $2726.32 billion $2104.20
The Philippines $330.91 billion $3022
China $13608.15 billion $7755

What are the top 3 most valuable minerals in the Philippines?

The Philippines’ top mineral exports are copper, gold and nickel.

What resources does Philippines known for?

The natural resources of the Philippines include copper, timber, nickel, petroleum, silver, gold, cobalt, and salt.

What is the condition of the Philippines natural resources?

The Philippines is endowed with vast natural resources from which a substantial portion of its income is derived. 1. Forest-based resources now include only 6 million hectares of forested areas, with less than a million hectares of primary growth forests remaining.

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Is Philippines rich in oil?

Oil Reserves in the Philippines

The Philippines holds 138,500,000 barrels of proven oil reserves as of 2016, ranking 64th in the world and accounting for about 0.0% of the world’s total oil reserves of 1,650,585,140,000 barrels.

Are we lucky in the Philippines Why?

We are lucky in the Philippines because our country is rich in natural resources and hospitable people. Many foreigners come to see and visit our country because it has spots which air is fresh and the view is beautiful even without landscape.

What are the major sources of power in the country Philippines?

The current energy mix is composed of coal (47%), natural gas (22%), renewable energy (hydro, geothermal, wind, solar) (24%), and oil-based (6.2%) with current energy capacity at 23GW.

What can you say about Philippine environment?

The Philippines also suffers major human-caused environmental degradation aggravated by a high annual population growth rate, including loss of agricultural lands, deforestation, soil erosion, air and water pollution, improper disposal of solid and toxic wastes, loss of coral reefs, mismanagement and abuse of coastal …

What do humans depend on natural resources for?

Any natural substance that humans use can be considered a natural resource. … Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.

Why are natural resources important to our country?

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. … Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.

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Notes from the road