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Poverty in the Philippines. Share of population in extreme poverty (1981–2019) In 2023, official government statistics reported that the Philippines had a poverty rate of 15.5%, [ 1 ][ 2 ] (or roughly 17.54 million Filipinos), significantly lower than the 49.2 percent recorded in 1985 through years of government poverty reduction efforts. [ 3 ]
This is a list of regions and provinces of the Philippines by poverty rate as of 2021. The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023.
MANILA (Reuters) - The Philippines' poverty rate dropped to 15.5% last year from 18.1% in 2021, with rising food prices limiting the reduction in the number of poor, the government's statistics ...
The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent. Employment in the region has increased by 2.79 percent between 2010 and 2012, a bit higher than the national average of 2.16 percent.
The new extreme poverty line of $2.15 per person per day, which replaces the $1.90 poverty line, is based on 2017 PPPs. [7] This means that anyone living on less than $2.15 a day is considered to be living in extreme poverty. About 648 million people globally were in this situation in 2019. [7]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2019. [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.
The National Household Targeting System for Poverty Reduction (NHTS-PR) is a data bank and an information management system that identifies who and where the poor are in the Republic of the Philippines. [ 1] Data collection began in response to findings by the National Statistical Coordination Board that 30% of Filipino families have an income ...