- Revenue Sources
The production from the agricultural sector has the biggest contribution to the municipality’s total economic productivity amounting to 64,628,654,000.00 Php or 99.95% of Burgos economic productivity. The value of production from the manufacturing sector is very minimal (26,340,332.00 Php or 0.04%) if compared with that of the agricultural sector but the industries in Burgos have potential for long term growth since they are still operating at small or micro-scales.
Agriculture, hunting and forestry contributed 17.22% while wholesaling and retailing activities contributed 38.12% while real estate activities contributed 44.66% of the revenues collected by the municipality from the aforementioned sectors. These sectors account for the biggest source of revenues for the municipality.
Burgos possesses a potential for industrial growth given its unutilized land resources. More of the industries existing are cottage and small-scale industries with capitalization reaching beyond PHP 150,000. The industries in Burgos include auto shops (11), rice mill (8), Bakery (5), Woodcraft (2), Glass and Aluminum Supply (2), and Iron works (2).
In Burgos, commercial activity is primarily concentrated inbarangay Poblacion. The town’s total commercial area is 9,828 sq. meters. Also identified as having commercial areas are barangays Papallasen and Sapa Grande. A recent ocular observation revealed that barangay Pogoruac also has some commercial activity with it having a satellite market. Don Matias also has some commercial establishments like gasoline stations and a store for automotive spare parts. Market days in Burgos are during Thursdays and Sundays particularly in barangay Poblacion. Aside from the locals, the Burgos market also caters to people from Agno, Dasol, and Mabini.
Retail trade is the most common commercial activity in Burgos. Based on available records, selling of agricultural products (vegetable and meat) tops the list of commercial activities followed closely by sari-sari stores. Inputs needed for farming and raising poultry are also traded.
Burgos has her own tourist attractions to boast. Most popular of these is the Cabongaoan White sand beach. This stretch of white sand beach is relatively underdeveloped to accommodate a lot of tourists but it definitely has potential as a tourist destination given the quality of the sand, the view, and the seascape that changes with the tides.
The big proportion of employment in agriculture contributes to the dominance of the primary sector as the major employing sector in Burgos. The primary sector includes all activities directly related to agriculture, fishing, hunting, forestry, and mining and quarrying. Based on the available data, most of the people work in the agricultural sector with 87.63% of the employed population engaged in agricultural activities. The other relatively common economic involvements of the people are in wholesale and retail trade (5.41%) Fishing (2.10%) and manufacturing (1.52%).