Inequality at the national level has remained high, despite a slight decrease of the Gini coefficient from 0.48 in 1991 to 0.47 in 2012. Uneven progress across regions also remains a pressing issue. Regional assessments of MDG progress show that Bicol and most regions in Mindanao performed poorly in most of the goals, implying a high unmet need for social services,
economic opportunities and social safety nets. The signing of the Comprehensive Agreement on the Bangsamoro, however, is a milestone that hopes to trigger genuine development in conflict-torn areas in the South.
Poverty incidence has been decreasing from 34.4 percent in 1991 to 25.2 in 2012. Poverty incidence in the first semester of 2013 was estimated at 24.9 percent which shows a 3 percentage point reduction from the 27.9 percent poverty incidence recorded for the first semester of 2012.
|Source Institution||National Economic and Development Authority|
|Place of Publication||Pasig City|
|Original Publication Date|