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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 economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱28.05 trillion ($508.79 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
In 2010, half of the 2.9 million unemployed Filipinos were age 15–24. [21] More than half of the unemployed youth are stuck due to lack of job opportunities, lack of skills and the competition with older ones. This lack of training and skills and incompetence may be due to poor education. [15] On the other hand, there is the job and skill ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The Philippine Statistics Authority (Filipino: Pangasiwaan ng Estadistika ng Pilipinas; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in ...
And they said with the inconsistency, the headline unemployment rate number could have actually have been as high as 5.4% instead of 4.4%. Now the last thing I want to point out here is that this ...
The number of jobless Filipinos hit record-high of 17.7%, in April as the economic impact of the coronavirus disease 2019 caused the displacement of millions of workers. [ 206 ] July 1 – The Philippines signed a $26.5-million Asian Development Bank (ADB) loan which would finance the reforms needed to improve local property valuation and tax ...
Zero indicates perfect equality, while 100 indicates perfect inequality. In the Philippines in 2015, the Gini Coefficient was approximately 0.4439. This is a slightly smaller number in comparison to a few years prior (in 2012, 0.4605). This means a bit more even wealth distribution across families. [3]