The economywide impacts of climate change on Philippine agriculture

It has been widely shown for most countries that high productivity growth in the agricultural sector is a key driver of structural transformation to promote long-term economic growth. Historically, low agricultural productivity growth has hindered economic growth and employment creation in the Philippines, where agriculture—which accounts for one-third of employment—remains a key sector. Climate change has the potential to disrupt crop productivity, and in turn affect domestic agricultural production, consumption, and food security. Moreover, the global impact of climate change could stimulate changes in international and national commodity prices that ultimately have negative effects on both Philippine agriculture and the country’s overall economy.