Social Concerns in the Philippines
The Philippine GDP every capita shrank to US$990 in 2000 from US$1, 129 in 1997 even though the GNP every capita caught to US$1, 033 by US$1, 197. This was a consequence of the Asian financial crisis, which in turn caught up with the Philippines over 10 years ago. В
Following expanding your five. 2 percent in 1997, the country's GDP backpedaled by zero. 5 percent in 1998. It grew by simply 3. 5 percent in 1999 and 5 percent in 2000. Which has a high populace growth price of 2. three or more percent each year, economic expansion in 1999 and 2000 would little to boost the real per capita income of Filipinos. The Poor plus the Rich
In its 2000 survey of relatives income and expenditure, the NSO stated that the average salary of the population's 10th decile, representing the richest 10 % of the Filipinos, was 14 times above the average earnings of the initial decile, symbolizing the poorest 10 percent. Every single decile was representing about 8 , 000, 000 Filipinos. В 32 Million Poor Filipinos
With the modification on lower income threshold, the number of Filipinos deemed poor or perhaps affected by lower income incidence get bigger to 40 million or perhaps 39. 4 percent with the population in 2000 from 36. almost 8 percent in 1997. According to the Commission on Population (Popcom), the physique could have additional climbed to thirty-two million or perhaps 40 percent of the population in 2002. In terms of number of families, low income incidence affected 33. several percent of all Filipino people in 2150 from simply 31. 8 percent in 1997.
a few. 1 Mil Poor Households
The NSO reported that in 2150, poverty chance affected 19. 9 percent of households in cities and 46. 9 percent in country areas. Genuine number of poor families reached 5. one particular million, 1 . 5 , 000, 000 of them in urban areas and 3. 6th million in rural areas. Some 2 . 5 , 000, 000 families were living in subsistence level, that means their income was not enough to buy their basic foodstuff requirements.
Poor and Close to Poor, fifty eight Percent
In the 2001 survey, the World Traditional bank said 12. 7 percent of Filipinos were " poor",...