Income Of Middle Class In The Philippines
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The largest industries in philippines are electronics outsourcing automotive mining and natural resources.
Income of middle class in the philippines. Profile and determinants of the middle income class in the philippines authored by jose ramon g. Discussion paper series no. 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. Albert angelo gabrielle f.
Philippines economy was in 2011 the 43rd largest on the world by its gdp. After middle income class only two classifications are left. 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. The low income class the middle income class and the high income class.
The middle class plays within the gap between the poor and the rich and based on these numbers. The upper income class and the rich. The 14 fittest filipino celebrity couples the study by jose albert angelo santos jana. About a quarter are middle middle class and a tenth.
Santos and jana flor v. For example average salary of a cpa certified public accountant is around 360 200 php. This means that among those considered middle class households 63 percent or 7 6 million households belong to the lower middle income group. Three primary social classes exist in the philippines.
Median salary the median salary is 48 200 php per month which means that half 50 of the population are earning less than 48 200 php while the other half are earning more than 48 200 php. Salaries in philippines range from 11 300 php per month minimum salary to 199 000 php per month maximum average salary actual maximum is higher. 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. Written by marc adrian.
The latest family income and expenditure survey 1 by the philippine statistics authority psa shows that majority 58 4 of filipinos belong to the low income class while the middle class comprises around 40 of. This means that a household of five persons would be considered middle class if its total monthly family income in 2012 ranged from about four times the government s official poverty line i e. The complete data of can be found in the discussion paper series no.
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