Philippines: Poverty at 5.50 USD per day
* indicates monthly or quarterly data series
| Philippines |
Poverty ratio, percent living on less than 5.50 USD a day |
|---|---|
| Latest value | 58.70 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1985 - 2023 |
| Average | 73.64 |
| Min - Max | 58.70 - 89.00 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2023 is 58.7 percent, a decline from 62.3 percent in 2021. In comparison, the world average is 19.03 percent, based on data from 57 countries. Historically, the average for the Philippines from 1985 to 2023 is 73.64 percent. The minimum value, 58.7 percent, was reached in 2023 while the maximum of 89 percent was recorded in 1985.
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* indicates monthly or quarterly data series
| Recent values | Philippines: Poverty at 5.50 USD per day |
|---|---|
| 2023 | 58.70 |
| 2021 | 62.30 |
| 2018 | 60.20 |
| 2015 | 65.80 |
| 2012 | 69.90 |
| 2009 | 71.00 |
| 2006 | 72.50 |
| 2003 | 73.00 |
Definition: Poverty headcount ratio at $8.30 a day is the percentage of the population living on less than $8.30 a day at 2021 international prices.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Gini inequality index | 39.30 | 2023 | index points |
| Poverty ratio | 15.50 | 2023 | percent |
| Poverty at 1.90 USD per day | 5.30 | 2023 | percent |
| Poverty at 5.50 USD per day | 58.70 | 2023 | percent |
| Top 10 percent income share | 31.60 | 2023 | percent |