Poverty & Inequality in Philippines 20 indicators covering poverty & inequality for Philippines. IndicatorLatest Year10-yr change Rank Poverty headcount ratio at $8.30 a day (2021 PPP) 58.7% 2023 down 16.0% 34th Poverty headcount ratio at $4.20 a day (2021 PPP) 16.9% 2023 down 55.6% 34th Poverty headcount ratio at $3.00 a day (2021 PPP) 5.3% 2023 down 75.1% 37th Poverty gap at $3.00 a day (2021 PPP) 1.0% 2023 down 82.1% 40th Prosperity gap 4.4 average shortfall from a prosperity standard of $28/day 2023 down 31.2% 37th Poverty gap at $8.30 a day (2021 PPP) 21.5% 2023 down 37.3% 34th Poverty headcount ratio at societal poverty line 25.3% 2023 down 28.1% 39th Poverty gap at $4.20 a day (2021 PPP) 3.7% 2023 down 70.6% 38th Population living in slums 35.9% 2022 down 13.6% 64th Income share held by second 20% 10.7% 2023 up 23.0% 90th Gini index 39.3 2023 down 15.5% 34th Income share held by lowest 20% 6.9% 2023 up 32.7% 75th Income share held by lowest 10% 2.9% 2023 up 38.1% 53rd Income share held by highest 10% 31.6% 2023 down 12.9% 23rd Income share held by highest 20% 46.9% 2023 down 11.0% 26th Income share held by fourth 20% 20.9% 2023 up 2.0% 104th Income share held by third 20% 14.6% 2023 up 12.3% 100th Proportion of people living below 50 percent of median income 10.6% 2023 down 34.6% 73rd Share of population living in extreme poverty vs. GDP per capita 11.5% 2023 down 53.8% 29th Multidimensional poverty headcount ratio (World Bank) 6.2% 2023 down 72.9% 5th