Average Income Middle Class Philippines

Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher.

Average income middle class philippines. For example average salary of a cpa certified public accountant is around 360 200 php. Based on the same poverty threshold number the former must make between p125 772 and p209 620 in a month and the latter anything beyond those numbers. This is the average monthly salary including housing transport and other benefits. In the philippines according to the most recent research done by national statistical coordination board now known as the philippine statistics authority only 3 out of 20 households belong to the middle class population with two thirds of them residing in urban areas.

The low income class meanwhile earns an average of p9 061 per month or around p110 000 per year. There s been much debate about what makes one poor middle class and rich. For example if a family s monthly income is around p80 000 can this be considered high income or middle income. After middle income class only two classifications are left.

Philippines economy was in 2011 the 43rd largest on the world by its gdp. This means that among those considered middle class households 63 percent or 7 6 million households belong to the lower middle income group. The middle class plays within the gap between the poor and the rich and based on these numbers. It is estimated that it will reach the 14th position in year 2050.

The largest industries in philippines are electronics outsourcing automotive mining and natural resources. Various government officials have been trumpeting with increasing frequency that the philippines is set to join the ranks of upper middle income countries by 2019. A person working in philippines typically earns around 44 600 php per month. Written by marc adrian.

Salaries vary drastically between different careers. Discussion paper series no. The middle income class is said to earn an average of p36 934 per month while the low income segment earns an average of p9 061 per month. The middle class on the other hand earns an average of p36 934 per month.

And to answer that the philippine institute for development studies pids has released its profile and determinants of the middle income class in the philippines which also expounds on the poor rich and more. The nscb also identified three predictors that are consistently significant for the high income group. The 14 fittest filipino celebrity couples the study by jose albert angelo santos jana. The upper income class and the rich.

2018 20 december 2018 profile and determinants of the middle income class in the philippines the pids discussion paper series constitutes studies that are preliminary and subject to further revisions.