Based on the preliminary results of the Family Income and Expenditure Survey (FIES), which was conducted in July 2023 (collected income data from January to June 2023) and January 2024 (collected income data from July to December 2023), the poverty incidence among families was registered at 10.9 percent or equivalent to 3.0 million poor families in 2023.
Poverty incidence is the proportion of Filipino families with incomes that are not sufficient to buy their minimum basic food and non-food needs as estimated by the poverty threshold. At individual level, 15.5 percent Filipinos or about 17.54 million Filipinos were poor in 2023.
Editor’s Note: This article has been sourced from the Philippine Statistics Authority Facebook Page.
