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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. This was the share of the Population whose per capita income was not sufficient to meet the basic food and non-food needs. [1]
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]
The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. [7] If income distribution were more nearly equal, the index would be lower or nearer to zero; if income distribution were more unequal, the index would be higher or nearer to 100 ...
The poverty line for lower middle-income countries (LMICs) has moved to US$3.65 from US$3.20, while the poverty line for upper middle-income countries (UMICs) has moved to US$6.85 from US$5.50. [ 6 ] The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6. ...
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.
Adjusted gross income is an important number used to determine how much you owe in taxes. It's a factor in determining your federal tax bracket and taxable income -- the portion of your income ...
The idea of the poverty line dates back to 1963, when Mollie Orshansky, a statistician for the Social Security Administration, developed a method to measure how many families were unable to afford...
Data collection began in response to findings by the National Statistical Coordination Board that 30% of Filipino families have an income below that needed for "basic requirements". [2] It is intended to inform government departments and policy-makers on the socio-economic status of nearly 400,000 households. [3]