03-26-2019 Monday

Overview

Philippines

Despite an average GDP growth rate of 6.28% between 2010-2014, the Filipino Government has conceded that the Philippines will miss the target of halving the proportion of people whose income is less than $1.25 a day in 2015. The most recent data shows that increasing levels of population growth have hindered poverty reduction in the Philippines, where the total number of poor people actually increased in the first half of 2014. Strikingly, this increase in the absolute number of the poor followed a respectable annual GDP growth of 7.2% in 2013.

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