Sunday, December 08, 2013

Poverty in the Philippines

Poverty remains the most critical social problem that needs to be addressed. Philippines' poverty line marks a per capita income of 16,841 pesos a year. According to the data from the National Statistical Coordination Board, more than one-quarter (27.9%) of the population fell below the poverty line the first semester of 2012, an approximate 1 per cent increase since 2009. This figure is a much lower figure as compared to the 33.1% in 1991.

The decline in poverty has been slow and uneven, much slower than neighboring countries who experienced broadly similar numbers in the 1980s, such as People's Republic of China (PRC), Thailand, Indonesia (where the poverty level lies at 8.5%) or Vietnam (13.5%). This shows that the incidence of poverty has remained significantly high as compared to other countries for almost a decade. The unevenness of the decline has been attributed to a large range of income brackets across regions and sectors, and unmanaged population growth. The Philippines poverty rate is roughly the same level as Haiti.

Poverty level on per capita income - $374
Percentage of population of 100,000,000 living under $2 per day level - 41.53%
Per Capita Income - $4,380

Poverty in USA

The USA government's definition of poverty is based on total income received. For example, the poverty level for 2012 in USA was set at $23,050 (total yearly income) for a family of four (one person in each family unit is $11,490).

In November 2012 the U.S. Census Bureau said more than 16% of the population lived in poverty in the United States, including almost 20% of American children, up from 14.3% (approximately 43.6 million) in 2009 and to its highest level since 1993. In 2008, 13.2% (39.8 million) Americans lived in poverty. California has a poverty rate of 23.5%, the highest of any state in the country.

Per Capita Income - $51,704

No comments: