Philippines PH: GNI per Capita: USD: 2015 Price data was reported at 4,137.289 USD in 2023. This records an increase from the previous number of 3,776.296 USD for 2022. Philippines PH: GNI per Capita: USD: 2015 Price data is updated yearly, averaging 1,712.060 USD from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 4,137.289 USD in 2023 and a record low of 1,021.810 USD in 1960. Philippines PH: GNI per Capita: USD: 2015 Price 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.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2015 U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Philippines PH: GDP: Growth: Adjusted Net National Income per Capita data was reported at 5.964 % in 2016. This records a decrease from the previous number of 6.689 % for 2015. Philippines PH: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.613 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 8.457 % in 2013 and a record low of -12.109 % in 1984. Philippines PH: GDP: Growth: Adjusted Net National Income per Capita 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.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Philippines PH: Adjusted Net National Income per Capita: USD: 2015 Price data was reported at 2,931.201 USD in 2021. This records a decrease from the previous number of 3,042.180 USD for 2020. Philippines PH: Adjusted Net National Income per Capita: USD: 2015 Price data is updated yearly, averaging 1,932.830 USD from Dec 1981 (Median) to 2021, with 41 observations. The data reached an all-time high of 3,479.877 USD in 2019 and a record low of 1,385.386 USD in 1985. Philippines PH: Adjusted Net National Income per Capita: USD: 2015 Price 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.WDI: Gross Domestic Product: Real. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data was reported at 1.380 % in 2015. Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data is updated yearly, averaging 1.380 % from Dec 2015 (Median) to 2015, with 1 observations. Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate 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: Poverty. The growth rate in the welfare aggregate of the total population is computed as the annualized average growth rate in per capita real consumption or income of the total population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Philippines GNP for 2023 was 496.17 billion US dollars, a 8.57% increase from 2022.

<ul style='margin-top:20px;'>

<li>Philippines GNP for 2022 was <strong>457.00 billion US dollars</strong>, a <strong>13.06% increase</strong> from 2021.</li>
<li>Philippines GNP for 2021 was <strong>404.20 billion US dollars</strong>, a <strong>7.55% increase</strong> from 2020.</li>
<li>Philippines GNP for 2020 was <strong>375.81 billion US dollars</strong>, a <strong>9.71% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Based on the 2018 census conducted in the Philippines, households in Metro Manila or the National Capital Region (NCR) had an annual average income of 460 thousand Philippine pesos. This indicates an increase from the average annual income from the 2015 census, which amounted to 425 thousand Philippine pesos.

Philippines PH: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at 2.430 % in 2015. Philippines PH: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging 2.430 % from Dec 2015 (Median) to 2015, with 1 observations. Philippines PH: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate 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.WDI: Poverty. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Philippines Average Family Income: National Capital Region (NCR) data was reported at 425,000.000 PHP in 2015. This records an increase from the previous number of 379,000.000 PHP for 2012. Philippines Average Family Income: National Capital Region (NCR) data is updated yearly, averaging 285,648.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 425,000.000 PHP in 2015 and a record low of 79,314.000 PHP in 1988. Philippines Average Family Income: 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.H020: Family Income and Expenditure Survey: Average Annual Income, Expenditure and Saving: By Region.

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.

Based on preliminary results in 2023, the share of individuals in the Philippines with income below the poverty threshold was estimated at 15.5 percent, down from the estimate in 2021. In that year, the average per capita food threshold reached 23,000 Philippine pesos.

The number of poor farmers in the Philippines was estimated at *** million in 2023, or those belonging to poor families with a per capita income of less than the per capita poverty threshold. This was significantly lower than the estimated number in 2015.

Per Capita Poverty Threshold: Philippines data was reported at 21,753.000 PHP in 2015. This records an increase from the previous number of 18,935.000 PHP for 2012. Per Capita Poverty Threshold: Philippines data is updated yearly, averaging 11,388.000 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 21,753.000 PHP in 2015 and a record low of 4,777.000 PHP in 1988. Per Capita Poverty Threshold: Philippines 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.

Philippines Per Capita Poverty Threshold: CALABARZON data was reported at 22,121.000 PHP in 2015. This records an increase from the previous number of 19,137.000 PHP for 2012. Philippines Per Capita Poverty Threshold: CALABARZON data is updated yearly, averaging 13,670.000 PHP from Dec 1991 (Median) to 2015, with 7 observations. The data reached an all-time high of 22,121.000 PHP in 2015 and a record low of 6,409.000 PHP in 1991. Philippines Per Capita Poverty Threshold: CALABARZON 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.

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.

In 2024, the Philippines’ inflation rate amounted to 3.21 percent. The Philippines are considered “newly industrialized”, but the economy relies on remittances from nationals overseas, and the services sector generates most of its GDP . Emerging and soon to develop?After switching from agriculture to services and manufacturing, the Philippines are now an emerging economy, i.e. the country has some characteristics of a developed nation but is not quite there yet. In order to transition into a developed nation, the Philippines must meet certain requirements, like being able to sustain their economic development, being very open to foreign investors, or maintaining a very high stability of the institutional framework (like law enforcement and the government). Only if these changes are irreversible can they be classified as a developed nation. The Philippines’ switch to servicesEver since the switch to services and manufacturing, employment in these areas has increased and the country is now among those with the highest employment in the tourism industry worldwide. This transition was not entirely voluntary but also due to decreasing government support, the liberalization of trade, and reform programs. Still, agriculture is important for the country: As of 2017, more than a quarter of Filipinos are still working in the agricultural sector, and urbanization has only increased very slightly over the last decade.

Philippines Average Family Income: Region I, Ilocos data was reported at 238,000.000 PHP in 2015. This records an increase from the previous number of 204,000.000 PHP for 2012. Philippines Average Family Income: Region I, Ilocos data is updated yearly, averaging 122,449.000 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 238,000.000 PHP in 2015 and a record low of 34,031.000 PHP in 1988. Philippines Average Family Income: Region I, Ilocos data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H020: Family Income and Expenditure Survey: Average Annual Income, Expenditure and Saving: By Region.

Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: 2017 PPP per day data was reported at 8.820 Intl $/Day in 2021. This records an increase from the previous number of 8.410 Intl $/Day for 2015. Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: 2017 PPP per day data is updated yearly, averaging 8.615 Intl $/Day from Dec 2015 (Median) to 2021, with 2 observations. The data reached an all-time high of 8.820 Intl $/Day in 2021 and a record low of 8.410 Intl $/Day in 2015. Philippines PH: Survey Mean Consumption or Income per Capita: Total Population: 2017 PPP per day 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.WDI: Social: Poverty and Inequality. Mean consumption or income per capita (2017 PPP $ per day) used in calculating the growth rate in the welfare aggregate of total population.;World Bank, Global Database of Shared Prosperity (GDSP) (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).;;The choice of consumption or income for a country is made according to which welfare aggregate is used to estimate extreme poverty in the Poverty and Inequality Platform (PIP). The practice adopted by the World Bank for estimating global and regional poverty is, in principle, to use per capita consumption expenditure as the welfare measure wherever available; and to use income as the welfare measure for countries for which consumption is unavailable. However, in some cases data on consumption may be available but are outdated or not shared with the World Bank for recent survey years. In these cases, if data on income are available, income is used. Whether data are for consumption or income per capita is noted in the footnotes. Because household surveys are infrequent in most countries and are not aligned across countries, comparisons across countries or over time should be made with a high degree of caution.

Philippines Per Capita Poverty Threshold: Bicol data was reported at 21,476.000 PHP in 2015. This records an increase from the previous number of 18,257.000 PHP for 2012. Philippines Per Capita Poverty Threshold: Bicol data is updated yearly, averaging 11,425.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 21,476.000 PHP in 2015 and a record low of 4,144.000 PHP in 1988. Philippines Per Capita Poverty Threshold: Bicol 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.

Philippines Per Capita Poverty Threshold: Central Visayas data was reported at 21,914.000 PHP in 2015. This records an increase from the previous number of 18,767.000 PHP for 2012. Philippines Per Capita Poverty Threshold: Central Visayas data is updated yearly, averaging 10,728.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 21,914.000 PHP in 2015 and a record low of 3,711.000 PHP in 1988. Philippines Per Capita Poverty Threshold: Central Visayas 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.

Philippines Per Capita Poverty Threshold: National Capital Region (NCR) data was reported at 25,007.000 PHP in 2015. This records an increase from the previous number of 20,344.000 PHP for 2012. Philippines Per Capita Poverty Threshold: National Capital Region (NCR) data is updated yearly, averaging 14,999.000 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 25,007.000 PHP in 2015 and a record low of 6,576.000 PHP in 1988. Philippines Per Capita Poverty Threshold: 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.H025: Family Income and Expenditure Survey: Poverty Statistics and Proportion of Poor Population: By Regions.