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Nov 24, 2022 · In the past three decades, the Philippines has made remarkable progress in reducing poverty. Driven by high growth rates and structural transformation, the poverty rate fell by two-thirds, from 49.2 percent in 1985 to 16.7 percent in 2018. By 2018, the middle class had expanded to nearly 12 million people and the economically secure population had risen to 44 million. This report is intended ...
- PHILIPPINES: Reducing Inequality Key to Becoming a Middle ...
With an income Gini coefficient of 42.3 percent in 2018, the...
- Poverty and Inequality in the Philippines - World Bank
Sources of Poverty and Inequality Reduction in 1985-2018....
- Public Disclosure Authorized - World Bank
Figure 25. Pre-tax Income Share by Groups, Philippines,...
- PHILIPPINES: Reducing Inequality Key to Becoming a Middle ...
Sep 20, 2023 · Ongoing Challenges. In a 2022 report by the World Bank, the Philippines ranked 15th out of 63 countries in income inequality. The top 1% of income earners contributed 17% of the national income, while the bottom 50% only captured 14%. Additionally, the nation has one of the highest income inequality rates in East Asia.
Nov 24, 2022 · With an income Gini coefficient of 42.3 percent in 2018, the Philippines had one of the highest rates of income inequality in East Asia. “The Philippines aims to become a middle-class society free of poverty by 2040, but we know from global experience that no country has managed to make this transition while maintaining high levels of ...
The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent. Employment in the region has increased by 2.79 percent between 2010 and 2012, a bit higher than the national average of 2.16 percent.
Nov 24, 2022 · Sources of Poverty and Inequality Reduction in 1985-2018. The gradual shift of workers to more productive sectors, with higher reliance on wage income, drove most of the reduction in poverty. Increased access to services and assets contributed 80% to the reduction of inequality. 17.4. -3.2 Farm enterprise Pension. Agriculture wage. Remittances.
Moderating income inequality might be the combined outcome of rising income opportunities, government policies promoting social inclusion, and positive impacts of structural transformation. Nonetheless, income inequality remains high, especially in the Philippines and Thailand. More policy efforts are still needed to make growth more inclusive.
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Figure 25. Pre-tax Income Share by Groups, Philippines, 1980–2019 32 Figure 26. Pre-tax Income Share, Top 1%, Philippines and Comparators, 1980–2019 32 Figure 27. Perceived Type of Society, Philippines, 1999, 2009, and 2019, Percent 33 Figure 28. Perceptions about Income Differences and Redistribution, 2009 and 2019, Percent 34 Figure 29.
