MANILA, Philippines – The country hasn’t been producing that many college graduates in the last 10 years.
Data from the National Statistical Coordination Board (NSCB) reveal that in the past decade, the total number of graduates increased by an average of only 2.9%.
Thus, it asked in a statement released Thursday, April 19, “Who will build our future?”
From 363,640 graduates in 2000-2001, the number increased to only 481,862 in 2009-2010. NSCB claims that this increase is considered slow since the country’s average population growth during the period was 1.9%.
NSCB added that the percentage of total college graduates among the 20-34 year olds barely improved — only 2% in 2010 from 1.9% in 2000.
NSCB warned that the continuous minimal growth in the number of college graduates would affect the quality of the country’s human capital.
“Competing against the knowledge-based economies of the Third Millennium, these marginal improvements will not be sufficient to build our knowledge base as a nation,” it said.
NSCB also noted the decline in the number of graduates in education, engineering, and technology courses.
Data showed that in 2009-2010, there were only 56,209 education graduates, significantly lower than the 71,349 recorded in 2000-2001.
Starting in 2000-2001, business administration and related courses produced the highest number of graduates. The trend was only broken in 2009-2010, when medical-related courses produced the most graduates.
“The share of graduates of education and teacher training and engineering and technology to total higher education graduates is on the downtrend. In 2000-2001, the share was 31.3%. In 2009-2010, it went down to 22%,” the NSCB said. – Rappler.com