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- According to official government statistics, in 2021, the Philippine poverty rate rose to 18.1%, or roughly 19.99 million Filipinos, after the COVID-19 pandemic hampered years of government poverty reduction efforts; this was higher than the 16.6% or 17.67 million recorded in 2018 but lower than the 25.2% poverty rate recorded in 2012. As of 2018, the rate of decline of poverty has been slower compared with other East Asian Countries, such as People's Republic of China (PRC), Thailand, Indonesia, or Vietnam. National Economic and Development Authority (NEDA) deputy director general Rosemarie Edillon attributed this to a generally low and stable inflation, improved incomes and higher employment rates during the period. (en)
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