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| REPUBLIC OF THE PHILIPPINES Province of QUEZON Municipality of LOPEZ |
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| ECONOMY
The municipality of Lopez is one of the most progressive and the only first-class town in southern Quezon. Although a relatively young town, Lopez already made a name for itself in different aspects which became an envy for its neighboring towns. The town generally derives its income from agricultural production, mostly from copra-making, where 17,779 hectares of the total land area are planted to coconut trees; 2,300 hectares are used for rice production; 628 hectares to corn harvest while several hectares are planted to natural materials used for handicrafts such as wild vines, anahw, buri, bamboo, cogon, talahib and tikiw. The town is also a major producer of bananas, citrus, root crops, vegetables and other crops. Cottage industries also abound in the town where bamboo furniture, baskets, fans are produced in large numbers. These products found their way to the markets of Metro Manila and other provinces north and south of the Quezon Province. Most farmers also raise livestock and poultry in their backyards. PIC (Philippines), Inc. is also located in the town where production, studies and breeding of pigs are done. Furthermore, the Philippine Flour Mills (PFM) at Barangay Hondagua provides significant number of job opportunities and income to the community. The said flour mill provide a large share to the town's coffers. Lopez, being gifted with a long coastline starting from Mal-ay to Roma, also abound with fish harvest. There are also several hectares of inland fishponds that provides steady supply of fish and other seafood products. The town's public market is situated at Brgy. Gomez and it occupies 6,696 square meters of land and has more than 200 stalls. 'Tiangge' days are scheduled every Tuesdays and Fridays where traders from nearby municipalities come to the town to sell their products. Another public market is located in the prosperous barangay of Hondagua to provide the needs of its people and of the adjacent barangays. In 2000, an influx of money lending investment houses, credit cooperatives, insurance companies, utilities and service companies, commercial and rural banks led to significant increase in the recorded number of business establishments in the locality which is already in the thousands. LABOR FORCE (15 TO 65 years old) Major Occupation Group Number Agriculture 46,656 Non-Agriculture 3,979 Total 50,635 Employment Rate 85.28% Under/Unemployment Rate 14.72% |
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| Date Last Updated: September 12, 2005 | |||||||||||||||||||
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