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The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent. Employment in the region has increased by 2.79 percent between 2010 and 2012, a bit higher than the national average of 2.16 percent.
Poverty in the Philippines. Share of population in extreme poverty (1981–2019) In 2023, official government statistics reported that the Philippines had a poverty rate of 15.5%, [1][2] (or roughly 17.54 million Filipinos), significantly lower than the 49.2 percent recorded in 1985 through years of government poverty reduction efforts. [3]
Pre-colonial history of the Philippines. The alipin refers to the lowest social class among the various cultures of the Philippines before the arrival of the Spanish in the 16th and 17th centuries. In the Visayan languages, the equivalent social classes were known as the oripun, uripon, or ulipon.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The fourth societal category above can be termed the datu class, and was a titled aristocracy. [5]: 150–151 [21] The early polities were typically made up of three-tier social structure: a nobility class, a class of "freemen", and a class of dependent debtor-bondsmen: [8] [9] Datu (ruling class) Maginoo (noble class, where the datu ascends from)
Secondary school in the Philippines, more commonly known as "high school" (Filipino: paaralang sekundarya or mataas na paaralan), consists of 4 lower and two upper levels: the lower exploratory high school system called "junior high school" (grades 7–10), and the upper specialized high school system called "senior high school" (grades 11 and ...
Median lower-middle-class household income: $55,971. Discover More: Net Worth for US Families: How To Tell If You’re Poor, Middle Class, Upper Middle Class or Rich.