Canaman has the lowest poverty rate in the
province of
Camarines Sur. There are still urban sprawls present throughout unmaintained localities within the municipality, usually resulting in the denigration of infrastructure and stagnating local growth in certain barangays. The impoverished communities in Canaman throughout the years have seen somewhat of a reformation as accessibility to higher education have increased the standards of living and conceptions of perceptions more tolerant of education. Canaman is 3 km east of Naga City and is primarily a residential municipality. Suburbs have been built all over the town such as Leticia Heights, Villa Salvacion, RJ Village, Peace Village, and Progress Homes. Some provincial offices are located in the town such as Mariners College, CAAP, and DPWH. Agriculture, fishing, and small business are the primary sources of employment and household income. While most of the people's market activities are done in Naga City, Canaman has a public market and a privately owned "talipapa". Two agro-industrial establishments are found in Canaman: the poultry feeds and palay. Various types of cottage industries like handicraft, furniture, fan making (made of anahaw), ragiwdiw and nipa shingles are conducted in this town. Canaman was formerly included in the
Metro Naga area before the designation was discontinued in 2017.
Agriculture Agriculture remains the cornerstone of Canaman's economy, with 71.7% of the total land area of the municipality, covering 3,101 hectares, used for agricultural purposes. 51% of this is irrigated and generated P126,243,400 of value in 2011, while 48.16% is non-irrigated and generated P96,771,000 of economic output. Decrease in volume of production is a key issue in this sector. Low production could be accounted to typhoon, flood, saline intrusion, pests and diseases and also due to excessive use of synthetic fertilizers. Ongoing programs to work with farmers regarding synchronized planting, composting instead of burning of rice straws, shifting towards the organic farming approach, diversified and integrated farming and the use of high yielding varieties are needed, such as those being showcased at the Canaman Livelihood Centre at Sta Cruz. Farming, fishing, employment and small business are the primary sources of most household income of in the municipality. It is estimated that more than 60 percent of the households depend in agriculture and agriculture related activities for their main livelihood. Bicol River Basin Management Project in 1950s envisioned to deliver unprecedented improvement in the economic life not only of Canaman but the entire district.
Abaniko-making Various types of small cottage industries like handicraft, furniture, tiklad making are also conducted in this town to augment household income, and are considered as minor activities. Taga-Canaman have valued the uses of Livistona rotundifolia or anahaw, National Leaf of the Philippines, and its cultural significance. They have also recognized its importance, albeit not indigenous, to their livelihood. Anahaw does not only serve as raw material for roof shingles but it has also become an alternate material for other forms of products such as bags, purse, mats, slippers, costumes and others. Abaniko fan making in Canaman started in the 1960s in barangay Sta. Cruz as a leisure pursuit by Macario Adolfo and wife Victoria Bobis.
Commercial and Services Sector The economic relationship between Canaman, similarly with other contigious municipalities of Camarines Sur, and neighbouring Naga had historically maintained a socio-economical mutuality due to Naga's regional economic prominence, temporarily ratified by the policies of the Metropolitan under Jesse Robredo's term, and the nearby municipalities output of essential resources for local production and manpower, spanning from Naga's educational superiority, job opportunities, and consumerist developments. Small sari-sari stores are also prevalent in all barangays while big business establishments are sprouting in barangays adjacent to Naga City and along the national highway. Among the notable Small-Medium Enterprises (SMEs) located in the municipality are Arrow Feeds Corporation in barangay San Vicente, Daluro Shell Station in San Agustin and J. Emmanuel Pastries in barangay Haring. The Canaman Public Market serves as the hub of economic activities in the poblacion area.
Poblacion Taga-canamans tend to shop at the malls in Naga City due to its proximity. While historically, goods were cheaper in Naga, a growing number of wholesalers are opening in the poblacion area, Pangpang, equalizing the low cost as Naga's. The rundown Market is located in the heart of the poblacion area, systematically adjoined to key community facilities such as the municipal health clinic, library, post office and within a short walk from the church, school, public plaza multi-purpose pavement and municipal hall. While anecdotal evidence suggests there is unmet demand for additional and larger commercial developments in Canaman, it is important that these are located and developed in ways that do not undermine the Canaman Public Market's role as the anchor land use in the poblacion area. A boost to Canaman's image as an emerging entertainment center came with the establishment of radio industry in the 1950s. ABS-CBN's DZRB radio station pioneered broadcasting industry in Camarines Sur. The station became the center of talented local broadcasters who became big men in the broadcast media industry. Within the area, Senator Edmundo B. Cea from Tigaon set up DZGE and later DWEB, the first local AM and FM radio stations in Bicol region. Nordia Complex, an entertainment district composed of a hotel resort and a cockpit arena was constructed the following decade. It became one of the major destinations of local travelers until the early 1990s.
Eco-tourism Canaman's strategically rustic geography is an attraction to investors of eco-tourism, primarily enterprising tourist farms throughout the municipality. The increasing eco-tourism coincided with commercial growth and urbanization of underdeveloped pockets, typically the eastern half of Canaman facing the western bank of the Bicol River.
Housing projects, real estate, and land use Canaman serves as the third urban center after the Daet-Naga-Legazpi-Iriga urban corridor. The barangays of Baras, Haring, San Agustin, San Vicente and Del Rosario are the primary hotspots for real estate development, with construction of subdivisions across the acquired land increasing in consistency with prevalence. Warehouses and other industrial facilities are outsourced from Naga-based enterprises within the contigious perimeter of the Naga-Canaman boundaries. Several subdivisions can also be found in Canaman such as Progress Homes, RJ Village, Nueva Caceres Subdivision, Villa Salvacion, Leticia Heights and others. A number of institutions from different sectors of the society including Mariners Polytechnic Colleges Foundation, Aeronautical Academy of the Philippines, Kolping Society, Church of Latter Day Saints, Our Lady of Prompt Succor, and several private preparatory schools have sprouted in the municipality. ==Culture==