“Philippines has made remarkable strides in reducing poverty levels between 2021 and 2023, marking significant progress toward the government’s ambitious target of reducing poverty incidence to a single-digit level by 2028, according to the National Economic and Development Authority (NEDA).
The 2023 Full Year Official Poverty Statistics, released today, July 22, by the Philippine Statistics Authority, showed that the poverty incidence among the population significantly dropped to 15.5 percent from 18.1 percent in 2021. This translates to a decrease of 2.45 million Filipinos living in poverty.”