Average Compensation in 2010 for workers in the Philippines:
Average annual compensation rose to PHP211,615 in 2010, from PHP205,659 in 2009
PHP539,900 for employees engaged in Electricity, gas, steam and air conditioning supply.
PHP498,075 for employees in the Information and communication industries.
PHP406,688 for employees in the Financial and insurance sector.
PHP109,279 for employees in the Other service activities industry.
Average Family Income in 2009 was P206,000 (P172,000 in 2006)
The lower 30% of families had an annual family income of P62,000, up from P49,000 in 2006
The higher 70% of families had an annual family income of P268,000 up from P226,000 in 2006
Average Philippine family income by each 10% decile.
Note: The 2006 figures shown above are the original 2006 figures, and not the revised ones used in the official 2009-2006 comparison report. The figures are only slightly different with the 10th decile being 622,000 instead of 617,00, as the largest difference.
The ILO website has a video where it interviews two people from each country, a bank employee and a factory worker. They state their monthly incomes as:
- 17,000 pesos for the Bank Employee. That is 204,000 pesos per year.
- 5,000 peso for the Factory Worker. That is 60,000 pesos per year.
It also stated that the average monthly salary was 8,280 peso per month, or 99,360 peso per year. With an average family income of 206,000 pesos, it seems that the average family has the equivelent of 2 people working full time.
International Wage Comparisons.
The International Labour Organization released its own figures of Average Earnings worldwide in 2012, and the Philippines is showing with an average INDIVIDUAL monthly income of $279 (about 11,000 peso). These figures work out at P132,000 per year, per WORKING INDIVIDUAL.
A calculator on the BBC website has different countries rates, (The world average is $1,480) and you can enter your own Pre Tax Income to see how it compares:
I entered these MONTHLY examples:
- 11,000 The Result: Your wage is $405. Your wage is 145% of the Philippines average and 27% of the world average. These figures are in PPP$
- 7,580 The Result: Your wage is $279. Your wage is 100% of the Philippines average and 19% of the world average. These figures are in PPP$
PPP = Purchasing power parity which is the ratio between the currencies of two countries at which each currency when exchanged for the other will purchase the same quantity of goods as it purchases at home excluding customs duties and costs of transport. Merriam Webster Dictionary
Philippines National Statistics Office, 2006 Family Income and Expenditure Survey, Preliminary Results
2009 Family Income and Expenditure Survey (FIES) http://www.census.gov.ph/content/family-income-and-expenditure-survey-fies
779.1 - 537,541