Based on preliminary results in 2023, the proportion of families in the Philippines with income below the poverty threshold was estimated at **** percent, lower than the estimate for 2018. In that year, the average per capita food threshold reached ****** Philippine pesos.

Income share held by lowest 10% in Philippines was reported at 2.9 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Income share held by lowest 10% - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Philippines Per Capita Poverty Threshold: Cordillera Administrative Region (CAR) data was reported at 21,770.000 PHP in 2015. This records an increase from the previous number of 19,483.000 PHP for 2012. Philippines Per Capita Poverty Threshold: Cordillera Administrative Region (CAR) data is updated yearly, averaging 13,471.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 21,770.000 PHP in 2015 and a record low of 5,116.000 PHP in 1988. Philippines Per Capita Poverty Threshold: Cordillera Administrative Region (CAR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H025: Family Income and Expenditure Survey: Poverty Statistics and Proportion of Poor Population: By Regions.

Income share held by lowest 20% in Philippines was reported at 6.9 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Income share held by lowest 20% - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Unemployment Rate in Philippines decreased to 3.90 percent in May from 4.10 percent in April of 2025. This dataset provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, a family of five in the Philippines had a poverty threshold of a little 13,873 Philippine pesos per month. That was higher than the monthly poverty threshold in 2018, which amounted to around about 12,000 Philippine pesos.

The youth unemployment rate in the Philippines decreased by 0.4 percentage points (-5.72 percent) in 2024 in comparison to the previous year. The youth unemployment rate thereby reached its lowest value in recent years. The youth unemployment rate of a country or region refers to the share of the total workforce aged 15 to 24 that is currently without work, but actively searching for employment. It does not include economically inactive persons such as full-time students or the long-term unemployed.Find more key insights for the youth unemployment rate in countries like Cambodia and Timor-Leste.

Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data was reported at 211.000 Person th in Feb 2025. This records an increase from the previous number of 106.000 Person th for Jan 2025. Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data is updated monthly, averaging 160.500 Person th from Jan 2021 (Median) to Feb 2025, with 50 observations. The data reached an all-time high of 312.000 Person th in Nov 2022 and a record low of 76.000 Person th in Dec 2024. Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.G025: Labour Force Survey: Employment: by Industry, Occupation and Class.

Minimum Wages in Philippines remained unchanged at 645 PHP/day in 2025 from 645 PHP/day in 2024. This dataset provides - Philippines Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines Gross National Income: per capita data was reported at 66,645.772 PHP in Mar 2025. This records a decrease from the previous number of 75,848.550 PHP for Dec 2024. Philippines Gross National Income: per capita data is updated quarterly, averaging 31,998.104 PHP from Mar 2000 (Median) to Mar 2025, with 101 observations. The data reached an all-time high of 75,848.550 PHP in Dec 2024 and a record low of 12,287.117 PHP in Mar 2000. Philippines Gross National Income: per capita data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A001: PSNA 5th Revision: Gross Domestic Product: by Expenditure: Current Price.

As of December 2021, the overall affordable housing demand in the Philippines reached 6.7 million units. Across all regions, Region IV-A had the highest low-cost or economy housing needs of about *** million units, followed by the National Capital Region (NCR) or Metro Manila with about ******* units.

The National Capital Region (NCR) was estimated to have the highest unemployment rate in the Philippines in 2023 at 5.9 percent. The region's unemployment rate was higher than the nationwide average. In contrast, Region II or the Cagayan Valley Region had the lowest estimated unemployment rate that year.

Philippines Average Family Income: By Income Class (IC): Annual data was reported at 267,000.000 PHP in 2015. This records an increase from the previous number of 235,000.000 PHP for 2012. Philippines Average Family Income: By Income Class (IC): Annual data is updated yearly, averaging 146,019.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 267,000.000 PHP in 2015 and a record low of 40,408.000 PHP in 1988. Philippines Average Family Income: By Income Class (IC): Annual data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H018: Family Income and Expenditure Survey: Average Annual Income and Expenditure: By Income Class.

GDP from Mining in Philippines increased to 44280.48 PHP Million in the first quarter of 2025 from 37293.71 PHP Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Philippines Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Region 12 or SOCCSKSARGEN was estimated to have the highest underemployment rate in the Philippines at 25.3 percent, which was more than twice the nationwide average. In contrast, Region VII or the Central Visayas region had the lowest underemployment rate in that year.

The share of the urban population in the Philippines has continued to rise over the years. In 2022, the urban population accounted for roughly 48 percent of the entire population. In the Philippines, urbanized areas were primarily found in Metro Manila, located in the National Capital Region (NCR).

 Urban population growth in the Philippines

Urban areas in the Philippines have a high influx of people due to better infrastructure and employment opportunities available. From 2011 to 2015, the urban population growth rate was over two percent. However, from 2016 to 2020, the population growth rate decreased and has been at around 1.9 percent since the Philippine government introduced “Back to the Province” program to reduce overcrowding in Manila.

Lack of affordable housing in the urbanized areas in the Philippines

Poverty has been one of the reasons for slum dwellings in the Philippines. Despite better infrastructures in urban areas, there is also a lack of affordable housing for people living below the poverty level in urban areas. As a result, 43 percent of the urban population live in slums in the Philippines, one of the highest urban population living in slums across the Asia Pacific.

Philippines GDP: 2018p: Gross National Income data was reported at 7,003,179.764 PHP mn in Dec 2024. This records an increase from the previous number of 6,053,768.235 PHP mn for Sep 2024. Philippines GDP: 2018p: Gross National Income data is updated quarterly, averaging 3,495,000.178 PHP mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 7,003,179.764 PHP mn in Dec 2024 and a record low of 1,828,212.497 PHP mn in Mar 2000. Philippines GDP: 2018p: Gross National Income data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A004: PSNA 5th Revision: Gross Domestic Product: by Expenditure: 2018 Price.

Philippines Bank Lending Rate: UKBs: Loans: Effective: Low: Salary-Based Loans data was reported at 16.057 % pa in Dec 2024. This records an increase from the previous number of 14.580 % pa for Nov 2024. Philippines Bank Lending Rate: UKBs: Loans: Effective: Low: Salary-Based Loans data is updated monthly, averaging 12.584 % pa from Jan 2020 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 16.057 % pa in Dec 2024 and a record low of 11.005 % pa in Mar 2021. Philippines Bank Lending Rate: UKBs: Loans: Effective: Low: Salary-Based Loans data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.M009: Lending Rates: Universal and Commercial Banks (UKBs): by Loan Type.

Key information about Philippines Household Debt: % of GDP

• Philippines household debt accounted for 11.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 11.3 % in the previous quarter.
• Philippines household debt to GDP ratio is updated quarterly, available from Mar 2009 to Dec 2024.
• The data reached an all-time high of 11.7 % in Dec 2024 and a record low of 4.7 % in Mar 2009.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Bangko Sentral ng Pilipinas provides Household Debt in local currency. Philippine Statistics Authority provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Philippines Household Debt: % of GDP

• In the latest reports, Philippines Household Debt reached 53.2 USD bn in Dec 2024.
• Money Supply M2 in Philippines increased 7.2 % YoY in Jan 2025.
• Philippines Foreign Exchange Reserves was measured at 90.8 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025.
• Philippines Domestic Credit reached 347.3 USD bn in Jan 2025, representing an increased of 10.9 % YoY.
• The country's Non Performing Loans Ratio stood at 3.3 % in Dec 2024, compared with the ratio of 3.5 % in the previous month.

Philippines GDP per Capita: National Capital Region (NCR) data was reported at 595,768.372 PHP in 2024. This records an increase from the previous number of 552,211.738 PHP for 2023. Philippines GDP per Capita: National Capital Region (NCR) data is updated yearly, averaging 289,444.288 PHP from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 595,768.372 PHP in 2024 and a record low of 124,217.457 PHP in 2000. Philippines GDP per Capita: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A020: PSNA 5th Revision: Gross Domestic Product: per Capita: Current Price.