Income Classes Philippines 2019

This records an increase from the previous number of 6 068 162 000 000 php th for dec 2015.

Income classes philippines 2019. Detailed salary report based on career education experience gender age etc. The low income class the middle income class and the high income class. The middle income class is said to earn an average of p36 934 per month while the low income segment earns an average of p9 061 per month. Annual data is updated yearly averaging 2 721 676 998 852 php th from dec 1991 to 2018 with 10 observations.

This records an increase from the previous number of 235 000 000 php for dec 2012. These estimates are based on the results of the 2018 family income and expenditure survey fies. In the philippines according to the most recent research done by national statistical coordination board now known as the philippine statistics authority only 3 out of 20 households belong to the middle class population with two thirds of them residing in urban areas. The table provided by salceda estimates the sizes of the income classes both in terms of population and households based on data sourced from the 2018 family and income expenditure survey.

In 2018 filipino families earned php 313 thousand on average. 1 383 new covid 19 cases in philippines push tally over 412 000. Three primary social classes exist in the philippines. 40 of the country s population belong to the middle income class while majority or 58 belong to the lower income class.

More research will emerge that will give us a clear and complete picture of the income classes in the philippines. Annual data was reported at 7 754 485 767 339 php th in dec 2018. By income class ic. 2018 20 december 2018 profile and determinants of the middle income class in the philippines the pids discussion paper series constitutes studies that are preliminary and subject to further revisions.

Discussion paper series no. The latest family income and expenditure survey 1 by the philippine statistics authority psa shows that majority 58 4 of filipinos belong to the low income class while the middle class comprises around 40 of. All income classes data was reported at 267 000 000 php in dec 2015. Written by marc adrian.

These figures translate to an average annual savings of php 75 thousand table 1. The middle class plays within the gap between the poor and the rich and based on these numbers. Philippines s average family income. In comparison their expenditure for the same year was php 239 thousand on average.

Average salary in philippines is php 833 704 us 17 553. By income class ic. Philippines s average family income.