Importance Of Natural Resources In The Philippines. List of natural resources in the philippines the ocean. Agricultural experts believed that 8 120 species of plants grow in the country that is about 1 000 varieties of orchids 1 000 species of rice and 3 000 species of trees.
Natural resources play a critical role in the philippine economy as agriculture fisheries and forestry represent about 10 percent of gross domestic product and account for almost 30 percent of employment. 65 have good commercial value. The philippines is not a petroleum rich country but the land is still full of many valuable minerals.
According to the philippine history website the nation boasts many different kinds of natural water forms.
Most of the country s metallic minerals including gold iron ore lead zinc chromite and copper are drawn from major deposits on the islands of luzon and mindanao. Most of the country s metallic minerals including gold iron ore lead zinc chromite and copper are drawn from major deposits on the islands of luzon and mindanao. Some of the countries best salt water fishing area s are found in sintangki island in sulu estancia in bohol malampaya in palawan lingayen gulf in. According to bloomberg businessweek the philippines hope to attract usd 6 billion in foreign.
