2.1% Poverty Incidence from 2012 to 2014
Poverty incidence decreased by 2.1% comparing the first semesters of 2012 and 2014.* A 27.9% poverty incidence was recorded during the first semester of 2012 and 25.8% during the first semester of 2014.
A stark difference can be seen from the previous poverty incident reports conducted triennially in 2006, 2009, and 2012.** From 2006 to 2009, poverty incidence declined by only 0.2%. And from 2009 to 2012, the decline registered was only 0.7%.** These numbers fared very far from a 2.1% decrease in poverty incidence recently incurred.
The monthly poverty threshold for a family of five is an average income of P8,022 per month. This amount is enough to cover a single family’s basic food and non-food needs. Poverty threshold refers to the minimum income a family or individual must earn in order to be considered “not poor”.
*data from Annual Poverty Indicators Survey (APIS)
**data from Family Income and Expenditure Survey (FIES)
Poverty Incidence Statistics (First Semester Comparison)
|Year||Poverty Incidence (%)||Decrease (%)|
Sources: National Statistical Coordination Board (NSCB), National Statistics Office (NSO)