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In the Philippines' agricultural industry, livestock and poultry are two of the most important subsectors. Hogs and chickens were the most frequent of all the animals raised for human food in the Philippines, accounting for the majority of the livestock production volume. In 2018, the Philippines' only agricultural sectors with positive increase in gross value added were livestock and poultry, with poultry expanding by almost 6% and livestock by nearly 2%, respectively, compared to the previous year. In comparison, the fishery and agricultural industries both fell by over 1% in 2018. In the Philippines' agricultural, forestry, and fishery (AFF) economy, agricultural crops will account for around 51.4 percent of gross value added (GVA) in 2020.
How does the livestock industry helps in the improvement of philippine economy?
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