Total shortfall from extreme poverty in Philippines
Philippines: Total shortfall from extreme poverty was 2.84 billion international-$ in 2021 prices in 2023. ▼ Falling
Total shortfall from extreme poverty in Philippines, 1985–2023
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, total shortfall from extreme poverty in Philippines stood at 2.84 billion international-$ in 2021 prices. That is the lowest value across all 14 years on record.
That represents a change of down 35.7% on the previous year and down 59.1% over ten years.
Over the whole period, total shortfall from extreme poverty in Philippines peaked at 9.46 billion international-$ in 2021 prices in 1994 and was at its lowest, 2.84 billion international-$ in 2021 prices, in 2023.
That places Philippines 18th out of 120 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Total shortfall from extreme poverty in Philippines, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1985 | 8.62 billion international-$ in 2021 prices | — |
| 1988 | 8.36 billion international-$ in 2021 prices | -3.1% |
| 1991 | 9.40 billion international-$ in 2021 prices | +12.5% |
| 1994 | 9.46 billion international-$ in 2021 prices | +0.7% |
| 1997 | 7.26 billion international-$ in 2021 prices | -23.3% |
| 2000 | 6.52 billion international-$ in 2021 prices | -10.2% |
| 2003 | 6.40 billion international-$ in 2021 prices | -1.8% |
| 2006 | 7.38 billion international-$ in 2021 prices | +15.3% |
| 2009 | 5.87 billion international-$ in 2021 prices | -20.5% |
| 2012 | 6.94 billion international-$ in 2021 prices | +18.3% |
| 2015 | 4.94 billion international-$ in 2021 prices | -28.8% |
| 2018 | 3.25 billion international-$ in 2021 prices | -34.3% |
| 2021 | 4.42 billion international-$ in 2021 prices | +36.1% |
| 2023 | 2.84 billion international-$ in 2021 prices | -35.7% |
Philippines compared with similar countries
- Philippines's 2.84 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 34.83 million international-$ in 2021 prices, 81.6× the median. (35 countries reporting)
- Philippines's 2.84 billion international-$ in 2021 prices is above the median for East Asia & Pacific, which is 130.94 million international-$ in 2021 prices, 21.7× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.49 billion international-$ in 2021 prices | 8.36 billion international-$ in 2021 prices | 8.62 billion international-$ in 2021 prices | 2 |
| 1990s | 8.71 billion international-$ in 2021 prices | 7.26 billion international-$ in 2021 prices | 9.46 billion international-$ in 2021 prices | 3 |
| 2000s | 6.54 billion international-$ in 2021 prices | 5.87 billion international-$ in 2021 prices | 7.38 billion international-$ in 2021 prices | 4 |
| 2010s | 5.04 billion international-$ in 2021 prices | 3.25 billion international-$ in 2021 prices | 6.94 billion international-$ in 2021 prices | 3 |
| 2020s | 3.63 billion international-$ in 2021 prices | 2.84 billion international-$ in 2021 prices | 4.42 billion international-$ in 2021 prices | 2 |
Countries ranked near Philippines
- 15 South Africa 3.52 billion international-$ in 2021 prices compare
- 16 United States 3.06 billion international-$ in 2021 prices compare
- 17 Burkina Faso 3.06 billion international-$ in 2021 prices compare
- 19 Cameroon 2.45 billion international-$ in 2021 prices compare
- 20 Mali 2.40 billion international-$ in 2021 prices compare
- 21 Brazil 2.37 billion international-$ in 2021 prices compare
More poverty & inequality data for Philippines
- Number of income/consumption surveys in the past decade available via the World Bank 3 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.92 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 3,869 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate 1.25 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 14.1 (2023)
- Tax revenue as share of GDP vs. income inequality 14.1% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Philippines?
- Total shortfall from extreme poverty in Philippines was 2.84 billion international-$ in 2021 prices in 2023, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Philippines?
- The highest recorded value was 9.46 billion international-$ in 2021 prices in 1994.
- What is the lowest total shortfall from extreme poverty recorded in Philippines?
- The lowest recorded value was 2.84 billion international-$ in 2021 prices in 2023.
- How does Philippines rank for total shortfall from extreme poverty?
- Philippines ranks 18th out of 120 countries with data for 2023.
- Is total shortfall from extreme poverty rising or falling in Philippines?
- Over the last ten years it is down 59.1%. 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 (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.