Philippines: Poverty ratio

The latest value from 2023 is 15.5 percent, a decline from 18.1 percent in 2021. In comparison, the world average is 21.69 percent, based on data from 40 countries. Historically, the average for the Philippines from 2015 to 2023 is 18.45 percent. The minimum value, 15.5 percent, was reached in 2023 while the maximum of 23.5 percent was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates from household surveys. For economies for which the data are from EU-SILC, the reported year is the income reference year, which is the year before the survey year.