Banco, Municipality of Palanas, Province of Masbate
| Type | barangay |
|---|---|
| Island group | Luzon |
| Region | Bicol Region (Region V) |
| Province | Masbate |
| Municipality | Palanas |
| Postal code | 5404 |
| Population (2020) | 718 |
| Philippine major island(s) | Masbate |
| Coordinates | 12.0664, 123.9379 (12° 4' North, 123° 56' East) |
| Estimated elevation above sea level | 217.0 meters (711.9 feet) |
Banco is a barangay in the municipality of Palanas, in the province of Masbate. Its population as determined by the 2020 Census was 718. This represented 2.63% of the total population of Palanas.
Demographics
Households
The household population of Banco in the 2015 Census was 659 broken down into 142 households or an average of 4.64 members per household.
details
| Census date | Household population | Number of households | Average household size |
|---|---|---|---|
| 628 | 108 | 5.81 | |
| 651 | 125 | 5.21 | |
| 572 | 112 | 5.11 | |
| 701 | 136 | 5.15 | |
| 704 | 147 | 4.79 | |
| 659 | 142 | 4.64 |
Population by age group
According to the 2015 Census, the age group with the highest population in Banco is 10 to 14, with 100 individuals. Conversely, the age groups with the lowest population are in the ranges 75 to 79, and 80 and over, with 10 individuals.
details
| Age group | Population (2015) | Age group percentage |
|---|---|---|
| Under 1 | 16 | 2.43% |
| 1 to 4 | 66 | 10.02% |
| 5 to 9 | 77 | 11.68% |
| 10 to 14 | 100 | 15.17% |
| 15 to 19 | 70 | 10.62% |
| 20 to 24 | 49 | 7.44% |
| 25 to 29 | 40 | 6.07% |
| 30 to 34 | 33 | 5.01% |
| 35 to 39 | 29 | 4.40% |
| 40 to 44 | 21 | 3.19% |
| 45 to 49 | 33 | 5.01% |
| 50 to 54 | 30 | 4.55% |
| 55 to 59 | 29 | 4.40% |
| 60 to 64 | 21 | 3.19% |
| 65 to 69 | 11 | 1.67% |
| 70 to 74 | 14 | 2.12% |
| 75 to 79 | 10 | 1.52% |
| 80 and over | 10 | 1.52% |
| Total | 659 | 100.00% |
| ||
Historical population
The population of Banco grew from 628 in 1990 to 718 in 2020, an increase of 90 people over the course of 30 years. The latest census figures in 2020 denote a positive growth rate of 1.82%, or an increase of 59 people, from the previous population of 659 in 2015.
| Census date | Population | Growth rate |
|---|---|---|
| 628 | – | |
| 651 | 0.68% | |
| 572 | -2.74% | |
| 701 | 2.84% | |
| 704 | 0.16% | |
| 659 | -1.25% | |
| 718 | 1.82% |
Location
Banco is situated at approximately 12.0664, 123.9379, in the island of Masbate. Elevation at these coordinates is estimated at 217.0 meters or 711.9 feet above mean sea level.
Adjacent barangays
Banco shares a common border with the following barangay(s):
Notes
- Data on population, and households, are from the Philippine Statistics Authority.
- Postal code information is from the Philippine Postal Corporation.