According to forecast data from Tellusant, **** percent of the population in the Philippines in 2024 would earn at least the equivalent of the top 40 percent of global earners in 2022 constant purchasing power parity. Out of those 98.7 percent, *** percent would earn the equivalent of the top 10 percent of global earners in 2022 constant purchasing power parity.
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Average Family Income: Philippines: All Income Classes 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. Average Family Income: Philippines: All Income Classes 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. Average Family Income: Philippines: All Income Classes data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H021: Family Income and Expenditure Survey: Average Annual Income: By Family Size and Income Group.
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Number of Families: Philippines - All Income Classes data was reported at 22,730,000.000 Unit in 2015. This records an increase from the previous number of 21,426,000.000 Unit for 2012. Number of Families: Philippines - All Income Classes data is updated yearly, averaging 15,874,827.500 Unit from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 22,730,000.000 Unit in 2015 and a record low of 10,533,925.000 Unit in 1988. Number of Families: Philippines - All Income Classes data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H014: Family Income and Expenditure Survey: No of Families: By Income Class and Main Source of Income.
In 2020, the estimated size of the middle class population in the six selected Southeast Asian countries Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam amounted to around 200 million. That year, approximately 80 million people of Indonesia's total population were part of the middle class.
As of June 2023, almost an equal share of e-commerce users in the Philippines belong to either high or low-income groups, according to the Statista Consumer Market Outlook. The remaining **** percent of e-commerce consumers were medium-income earners.
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Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Latin America & The Caribbean data was reported at 1.406 % in 2016. This records an increase from the previous number of 1.292 % for 2015. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Latin America & The Caribbean data is updated yearly, averaging 0.750 % from Dec 1960 (Median) to 2016, with 56 observations. The data reached an all-time high of 1.825 % in 1960 and a record low of 0.056 % in 1972. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Latin America & The Caribbean data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Exports. Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
Concerning the three selected segments, the segment high income has the largest share of travel & tourism users in the Philippines with ***** percent. Contrastingly, medium income is ranked last, with ***** percent. Their difference, compared to high income, lies at ***** percentage points. Find other insights concerning similar markets and segments, such as a ranking by country regarding number of users in the travel & tourism market and a ranking of subsegments in the Philippines regarding share in the Travel & Tourism market as a whole. The Statista Market Insights cover a broad range of additional markets.
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Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in Philippines was reported at 47.53 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Merchandise imports from developing economies in East Asia & Pacific (% of total merchandise imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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Objective: The differences between the physical and mental health of people living in a lower-middle-income country (LMIC) and upper-middle-income country (UMIC) during the COVID-19 pandemic was unknown. This study aimed to compare the levels of psychological impact and mental health between people from the Philippines (LMIC) and China (UMIC) and correlate mental health parameters with variables relating to physical symptoms and knowledge about COVID-19.Methods: The survey collected information on demographic data, physical symptoms, contact history, and knowledge about COVID-19. The psychological impact was assessed using the Impact of Event Scale-Revised (IES-R), and mental health status was assessed by the Depression, Anxiety, and Stress Scale (DASS-21).Findings: The study population included 849 participants from 71 cities in the Philippines and 861 participants from 159 cities in China. Filipino (LMIC) respondents reported significantly higher levels of depression, anxiety, and stress than Chinese (UMIC) during the COVID-19 (p < 0.01) while only Chinese respondents' IES-R scores were above the cut-off for PTSD symptoms. Filipino respondents were more likely to report physical symptoms resembling COVID-19 infection (p < 0.05), recent use of but with lower confidence on medical services (p < 0.01), recent direct and indirect contact with COVID (p < 0.01), concerns about family members contracting COVID-19 (p < 0.001), dissatisfaction with health information (p < 0.001). In contrast, Chinese respondents requested more health information about COVID-19. For the Philippines, student status, low confidence in doctors, dissatisfaction with health information, long daily duration spent on health information, worries about family members contracting COVID-19, ostracization, and unnecessary worries about COVID-19 were associated with adverse mental health. Physical symptoms and poor self-rated health were associated with adverse mental health in both countries (p < 0.05).Conclusion: The findings of this study suggest the need for widely available COVID-19 testing in MIC to alleviate the adverse mental health in people who present with symptoms. A health education and literacy campaign is required in the Philippines to enhance the satisfaction of health information.
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Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Philippines was reported at 4.4287 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Merchandise imports from developing economies outside region (% of total merchandise imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data was reported at 19.568 % in 2016. This records an increase from the previous number of 19.350 % for 2015. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data is updated yearly, averaging 6.096 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 21.860 % in 2011 and a record low of 0.037 % in 1960. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Exports. Merchandise exports to low- and middle-income economies in East Asia and Pacific are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the East Asia and Pacific region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
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The unprecedented growth of the new middle classes in middle income developing countries implies a strong growth in both consumption and carbon emissions. The research project Sustainable Middle Classes in Middle Income Countries (SMMICC) investigates the drivers of carbon consumption choices of the new middle classes and policy options to decrease their carbon footprints, including the implementation of carbon taxes
The research of the authors generated quantitative data on the acceptability of carbon taxes in three countries (Peru, Ghana, Philippines).
The data is provided in the following formats:
- 2024-07-26_malerba_10.5281/zenodo.12662722_ghana.csv
- 2024-07-26_malerba_10.5281/zenodo.12662722_peru.csv
- 2024-07-26_malerba_10.5281/zenodo.12662722_philippines.csv
- 2024-07-26_malerba_10.5281/zenodo.12662722_ghana.dta
- 2024-07-26_malerba_10.5281/zenodo.12662722_peru.dta
- 2024-07-26_malerba_10.5281/zenodo.12662722_philippines.dta
Additionally, the codebooks on variables of questionnaire and political parties in each country are attached in a csv format.
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Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Outside Region data was reported at 3.006 % in 2016. This records a decrease from the previous number of 3.830 % for 2015. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Outside Region data is updated yearly, averaging 1.565 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 4.535 % in 1975 and a record low of 0.562 % in 1973. Philippines PH: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Outside Region data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Exports. Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
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In line with Article 11 of the WHO Framework Convention on Tobacco Control, the Philippines has implemented graphic health warnings on cigarette packs. To date, there has been no published literature evaluating the perceived effectiveness of GHWs in the Philippines. This study aims to contribute to the evidence on the perceived effects of graphic health warnings (GHWs) in cigarette packaging and the potential impact of plain packaging in the Philippines. The study involved an online convenience survey and a nationwide household survey. Mock-up sets of cigarette packs based on the Philippines’ law on GHWs, and Thailand’s and Singapore’s plain packaging were shown to respondents to rate their attractiveness, quality, taste, cost, social appeal, appeal to youth, noticeability, appeal to non-smokers, attempt to quit, ease of quitting, discouraging smoking, and perceived harm to health on a five-point Lickert scale. The online and household surveys recruited 2,701 respondents in total. Online and household survey respondents considered plain packaging with larger graphic health warnings and visible quitlines from Thailand and Singapore to be more effective in discouraging them from smoking. Both sets of survey respondents also found mock-ups from Thailand and Singapore more motivating for them to attempt quitting than cigarette pack mock-ups from the Philippines. The study concludes that current graphic health warnings in the Philippines are ineffective in instilling health consciousness among Filipinos. Policymakers should consider larger graphic health warnings and plain packaging of cigarettes to motivate smokers to quit and discourage Filipinos from smoking.
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Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports) in Philippines was reported at 0.1326 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Merchandise exports to developing economies in Middle East & North Africa (% of total merchandise exports) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) in Philippines was reported at 1.7644 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Merchandise imports from developing economies in South Asia (% of total merchandise imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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The Philippines sustained robust economic growth in the decade before the COVID-19 pandemic hit in 2020. With increasing urbanization, a growing middle class, and a large and young population, the Philippines has been one of the most dynamic economies in the East Asia Pacific region. Its economy grew at an average annual rate of 6.4 percent between 2010 to 2019, from 4.5 percent in the previousdecade. Growth has been anchored on robust domestic demand supported by steady remittances and vibrant labor market. The economy has maintained adequate policy space with ample international reserves and a sustainable fiscal position. As a result, it earned an investment grade credit rating from the big three credit rating agencies, helping to lower the government’s borrowing costs. However, thepandemic has caused an economic contraction of 9.5 percent in 2020 and brought socio-economic scarring through learning losses and poorer health outcomes.
SM Prime Holdings, Inc. was the leading real estate developer in the Philippines regarding net income in 2022. That year, the company reported a net income of approximately ** billion Philippine pesos. Its closest competitor, Ayala Land, generated a net income of about **** billion Philippine pesos in the same year. SM Prime Holdings – more information SM Prime Holdings is a property developer who primarily builds and manages shopping malls in the country and abroad. In 2022, malls accounted for about **** of the company’s total revenue. As of the first quarter of 2023, SM Prime owns and operates 82 malls in the country and seven in China. Its largest mall – SM Mall of Asia, is one of the largest nationwide, with over 600 shops. Aside from malls, the company also started venturing into the real estate segment and has been providing mid-rise buildings and single detached houses in multiple essential areas, such as cities in Metro Manila, Tagaytay, Cavite, Iloilo, and Davao. SM Prime also owns and operates convention centers and hotels. The state of property development in the Philippines Real estate in the Philippines has undergone massive development in the past decade. The industry has grown significantly thanks to foreign investment growth, a growing middle-class population, and sustained remittances from overseas Filipino workers (OFWs), especially after the economic recovery post-COVID. Property developers are expected to maximize the increasing demand for property supply as multiple opportunities for real estate segments arise.
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Philippines Car Rental Market size was valued at USD 1.34 Billion in 2024 and is projected to reach USD 30.7 Billion by 2032, growing at a CAGR of 10.9% from 2026 to 2032.
Philippines Car Rental Market Drivers
Increased International Arrivals: The Philippines' growing popularity as a tourist destination is a major driver. International tourists often prefer the flexibility and convenience of rental cars to explore the country's diverse landscapes.
Domestic Tourism: Rising domestic tourism, especially among middle-class Filipinos, is also contributing to the demand for car rentals. Road trips and self-drive tours are becoming increasingly popular.
Metro Manila Congestion: Severe traffic congestion in Metro Manila and other major cities is driving demand for rental cars as a temporary alternative to personal vehicle ownership.
Business Travel: Urban centers are hubs for business activity, and business travelers often require rental cars for meetings and site visits.
Increased Affordability: The expanding middle class in the Philippines has increased disposable income, making car rentals more affordable for a larger segment of the population.
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The Philippine retail market, valued at $95.79 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 11.1% from 2025 to 2033. This surge is fueled by several key factors. Rising disposable incomes and a burgeoning middle class are driving increased consumer spending across diverse sectors, including food and beverages, personal and household care, apparel and footwear, and electronics. The expanding e-commerce landscape, particularly among younger demographics, significantly contributes to this growth. Furthermore, the increasing adoption of omnichannel strategies by major retailers allows for enhanced customer experiences and expanded market reach, thereby boosting overall sales. While the market is highly competitive, with established players like SM Investments Corp. and Robinsons Retail Holdings Inc. vying for dominance, opportunities exist for new entrants and smaller businesses leveraging innovative technologies and localized strategies. However, challenges remain. Inflationary pressures and potential economic volatility could impact consumer spending, particularly in the lower income brackets. Maintaining supply chain efficiency amidst global disruptions continues to be crucial for retailers. Additionally, the increasing competition within the online retail sector requires companies to invest in robust digital infrastructure and effective marketing strategies. The success of retailers will depend on their ability to adapt to evolving consumer preferences, leverage technological advancements, and manage operational costs effectively to maintain profitability within this dynamic and competitive market. Segments like food and beverages, and personal care products consistently show strong growth, driven by increased demand and product diversification. The offline channel currently holds a larger market share, but the online segment demonstrates substantial growth potential, prompting brick-and-mortar players to expand their online presence.
According to forecast data from Tellusant, **** percent of the population in the Philippines in 2024 would earn at least the equivalent of the top 40 percent of global earners in 2022 constant purchasing power parity. Out of those 98.7 percent, *** percent would earn the equivalent of the top 10 percent of global earners in 2022 constant purchasing power parity.