Income Gap Philippines Statistics

In the philippines unemployment is high inflation is high and there is huge income inequality.

Income gap philippines statistics. Philippine statistics authority psa frequency of release. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. Joey salceda said on sunday. He said the income growth of the rich especially during the boom cycles in 2011 showed 10 9 percent versus 4 3 percent for middle income classes according to.

Philippines global economic prospects examines trends for the world economy and how they affect developing countries. In the first semester of 2015 the income gap for a family living in poverty in the philippines is still 29 percent short of the threshold. The philippines biggest failure is its inability to tax the wealthy and recent developments show a widening gap between the rich and the poor albay gov. Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher.

The psa includes these statistics in their reports and calculates how much income would be required for a family of five at subsistence level to pull themselves out of poverty. For the poverty gap the total number of families individuals is used. According to a study conducted by josé de gregorio income inequality increases with educational inequality. 1997 philippine poverty statistics.

Income gap average income shortfall expressed in proportion to the poverty threshold of individuals with income below the poverty threshold. Salaries vary drastically between different careers. The difference between the income gap and the poverty gap is the use of number of poor families individuals as denominator for the income gap. A 2009 report showed that the poorest 20 of the population had only 4 45 of the national income.

12 series of 2008 approved. Psa official poverty statistics. 2015 and 2018. First semester income gap poverty gap and severity of poverty by region province and highly urbanized cities.

A person working in philippines typically earns around 44 600 php per month. Source of basic data. Views on gender pay gap in philippines 2020 published by martha jean sanchez jan 28 2020. First semester income gap poverty gap and severity of poverty by region and province.

The income disparity between the rich and poor has been described as the highest in asia and in 2014 forbes reported that the wealthiest.