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Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023. This was the share of the Population whose per capita income was not sufficient to meet the basic food and non-food needs.
The Philippine Statistics Authority (PSA) said there were 17.54 million people living below the poverty line, a decrease of 2.4 million from the previous survey two years earlier. The government ...
Out of the country's population of about 106 million, an estimated 4.5 million were homeless according to the Philippine Statistics Authority; of these 3 million were in the capital Manila. [4] [5] Causes of homelessness include poverty and destruction of homes due to natural calamities [6] and climate change. [7]
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2024. [1] The HDI is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of human development.
As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions." [11] "National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates ...
Research suggests that either poverty results in the creation of political dynasty or that these dynasties exacerbate bad governance and worsen poverty conditions. [28] Although the study found a correlation, this does not determine whether it is a causal relationship since poverty is multifaceted.