Philippines: Prosperity gap (average shortfall from a prosperity standard of $28/day)

Key figures

Over five years it is down 6.38% from 4.7 in 2018 (1.31% a year on average, compounded). Since 1985 it is down 54.64% from 9.7 in 1985 (2.06% a year on average, compounded). The World Bank has no value for 25 of the years in between; the chart leaves those gaps open rather than joining across them.

How it compares

In 2023, Philippines had the 2nd highest value of the 33 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Philippines in the 2023 ranking

• Uganda — 1st of 33: 12.1
• El Salvador — 3rd of 33: 3.6
• Iran, Islamic Rep. — 4th of 33: 3.3
• Serbia — 5th of 33: 2

What this measures

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.

Regional and income-group figures are computed by the World Bank as a population-weighted average.

All 14 values

Prosperity gap (average shortfall from a prosperity standard of $28/day) in nearby economies

• Australia — 1.2 (2020)
• China — 2.4 (2022)
• Indonesia — 4.5 (2025)
• Japan — 1.2 (2020)
• Korea, Rep. — 0.7 (2021)
• Malaysia — 1.2 (2021)
• Mongolia — 2.7 (2022)
• Thailand — 2 (2024)
• Viet Nam

More poverty data for Philippines

• Income share held by second 20% — 10.7% (2023)
• Income share held by third 20% — 14.6% (2023)
• Income share held by fourth 20% — 20.9% (2023)
• Income share held by highest 20% — 46.9% (2023)
• Income share held by highest 10% — 31.6% (2023)
• Proportion of people living below 50 percent of median income (%) — 10.6% (2023)
• Income share held by lowest 10% — 2.9% (2023)
• Income share held by lowest 20% — 6.9% (2023)
• Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population) — 5.3% (2023)

Reading data like this

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Questions people ask

What is Philippines's prosperity gap (average shortfall from a prosperity standard of $28/day)?

4.4 in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1985?

It is down 54.64% from 9.7 in 1985 (2.06% a year on average, compounded). The highest value was 9.7 in 1985 and the lowest 4.4 in 2023.

How does Philippines rank?

2nd highest of 33 economies with data for 2023.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original 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 economies are mostly from the Luxembourg Income Study database..

Source

World Bank, World Development Indicators, indicator SI.SPR.PGAP, licensed CC BY 4.0. Original 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 economies are mostly from the Luxembourg Income Study database. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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