Watch poverty, not economic growth

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Philippines Headlines News

Social Weather Stations has just issued the first report from its April 19-27, 2022 survey: “43% of Filipino families feel Poor; 34% feel Borderline Poor, 23% feel Not Poor,” www.sws.org.ph,

The Self-Rated Poverty indicator—where the responding household head classifies her/his family by pointing to the word Mahirap, rather than the negative Hindi Mahirap, or the line in-between—was designed for rapid monitoring of poverty over time. Because so many point to the Borderline, poverty measurement really involves not two, but three, categories.

Poverty under various regimes. The SRP percentage was 55 in April 1983, and then 74 in July 1985, averaging to 64.5 under Ferdinand E. Marcos . The first figure was at a relatively calm time, prior to the assassination of Ninoy Aquino. The second was during hyperinflation of 50 percent in 1984 and 25 percent in 1985. Movements in SRP are significantly correlated to price inflation, and only slightly related to GNP .

In the six years 1993-1998, under Fidel V. Ramos , the annual average SRPs were 65, 68, 63, 59, 59, and 61, averaging 62.5. In the six years 2011-2016, under Benigno S. Aquino III , the SRPs were 49, 52, 52, 54, 50, and 44, averaging 50.2.

 

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