00:00The Philippine Statistics Authority says the country's poverty rate dropped to 9.7%
00:05in 2025, with 6.5 million Filipinos rising above the poverty line. Compare this with 15.5% or 17
00:13.5
00:14million Filipinos in 2023. However, many Filipinos remain vulnerable to economic shocks.
00:20Chief Economist Arsenio Balisacan says this is the first time that fewer than 1 in 10 Filipinos
00:26is living below the poverty line. He adds, reaching this milestone ahead of schedule
00:30demonstrates that expanding economic opportunities complemented by effective social protection can
00:36make a meaningful difference in people's lives. The PSA defines the poverty threshold as the
00:41minimum income or expenditure needed to meet basic food and non-food needs. These include
00:47housing, utilities, health, education, clothing, and transport. The World Bank estimates that around
00:5228% of Filipinos live just above the poverty line, which leaves many vulnerable to price spikes,
00:58job losses, disasters, and other shocks.
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