Prosperity gap in Philippines
Philippines: Prosperity gap was 4.4 average shortfall from a prosperity standard of $28/day in 2023. ▼ Falling
Prosperity gap in Philippines, 1985–2023
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ. Measured in average shortfall from a prosperity standard of $28/day.
Analysis
Philippines recorded 4.4 average shortfall from a prosperity standard of $28/day for prosperity gap in 2023. That is the lowest value across all 14 years on record.
The figure is down 8.3% on the previous year and down 31.2% over ten years.
Over the whole period, prosperity gap in Philippines peaked at 9.7 average shortfall from a prosperity standard of $28/day in 1985 and was at its lowest, 4.4 average shortfall from a prosperity standard of $28/day, in 2023.
Philippines ranks 37th of 121 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.5 average shortfall from a prosperity standard of $28/day | 9.3 average shortfall from a prosperity standard of $28/day | 9.7 average shortfall from a prosperity standard of $28/day | 2 |
| 1990s | 8.6 average shortfall from a prosperity standard of $28/day | 7.7 average shortfall from a prosperity standard of $28/day | 9.2 average shortfall from a prosperity standard of $28/day | 3 |
| 2000s | 6.88 average shortfall from a prosperity standard of $28/day | 6.5 average shortfall from a prosperity standard of $28/day | 7.1 average shortfall from a prosperity standard of $28/day | 4 |
| 2010s | 5.57 average shortfall from a prosperity standard of $28/day | 4.7 average shortfall from a prosperity standard of $28/day | 6.4 average shortfall from a prosperity standard of $28/day | 3 |
| 2020s | 4.6 average shortfall from a prosperity standard of $28/day | 4.4 average shortfall from a prosperity standard of $28/day | 4.8 average shortfall from a prosperity standard of $28/day | 2 |
Countries ranked near Philippines
- 34 Guatemala 4.8 average shortfall from a prosperity standard of $28/day compare
- 35 Colombia 4.7 average shortfall from a prosperity standard of $28/day compare
- 36 Indonesia 4.6 average shortfall from a prosperity standard of $28/day compare
- 37 Kyrgyzstan 4.4 average shortfall from a prosperity standard of $28/day compare
- 37 Tajikistan 4.4 average shortfall from a prosperity standard of $28/day compare
- 40 Nicaragua 4.2 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Philippines
- Poverty headcount ratio at $8.30 a day (2021 PPP) 58.7% (2023)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 16.9% (2023)
- Poverty gap at $3.00 a day (2021 PPP) 1.0% (2023)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 5.3% (2023)
- Poverty gap at $8.30 a day (2021 PPP) 21.5% (2023)
- Poverty headcount ratio at societal poverty line 25.3% (2023)
- Poverty gap at $4.20 a day (2021 PPP) 3.7% (2023)
- Population living in slums 35.9% (2022)
- Income share held by second 20% 10.7% (2023)
- Gini index 39.3 (2023)
Frequently asked questions
- What is prosperity gap in Philippines?
- Prosperity gap in Philippines was 4.4 average shortfall from a prosperity standard of $28/day in 2023, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest prosperity gap recorded in Philippines?
- The highest recorded value was 9.7 average shortfall from a prosperity standard of $28/day in 1985.
- What is the lowest prosperity gap recorded in Philippines?
- The lowest recorded value was 4.4 average shortfall from a prosperity standard of $28/day in 2023.
- How does Philippines rank for prosperity gap?
- Philippines ranks 37th out of 121 countries with data for 2023.
- Is prosperity gap rising or falling in Philippines?
- Over the last ten years it is down 31.2%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.