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.

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.

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.

Philippines Average Family Income: Region III, Central Luzon data was reported at 299,000.000 PHP in 2015. This records an increase from the previous number of 259,000.000 PHP for 2012. Philippines Average Family Income: Region III, Central Luzon data is updated yearly, averaging 155,724.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 299,000.000 PHP in 2015 and a record low of 46,855.000 PHP in 1988. Philippines Average Family Income: Region III, Central Luzon 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.

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.