In recent years, Filipino households have increasingly felt the strain of healthcare costs, a crisis that has only intensified amid economic challenges. As the country strives for improved healthcare access, many families find themselves grappling with the financial implications of medical care,...
DAVAO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is no longer the poorest region in the country based on the latest poverty incidence report of the Philippine Statistics Authority (PSA). TOURISTS pose for a photo at Pink Mosque in Datu Saudi Ampatuan, Maguindanao del Sur....
The Philippine Statistics Authority (PSA) said that spending only P64 on food per day does not classify one as food poor. But how was this threshold determined, and what's on the menu for this budget-friendly diet? According to the PSA, sticking to a menu plan within this budget is key to meeting...
The Philippine Statistics Authority (PSA) reported that approved foreign investments tripled in the second quarter, reflecting strong investor confidence in the country's economic prospects. From April to June 2024, the total approved foreign investments soared 189.5 billion, a substantial increase...
Did your family earn more than the average income of Filipino households last year? According to the Philippine Statistics Authority (PSA), household earnings improved across all regions in 2023. On a national level, the average income for Filipino families reached P353,230, which breaks down to...
The output of fish products declined by 6.2 percent to 1.02 million metric tons during the second quarter of the year from 1.08 metric tons last year, based on data from the Philippine Statistics Authority (PSA). “Decrease in production was noted from marine municipal fisheries, inland municipal...
The Philippine Gross Domestic Product (GDP) posted a year-on-year growth of 6.3 percent in the second quarter of 2024, compared to the 5.8 percent growth in the first quarter, according to the Philippine Statistics Authority (PSA). The PSA reports further that this is the highest growth rate posted...
ILOILO CITY – The inflation rate in Western Visayas dropped to 4.8 percent in July, the Philippine Statistics Authority-6 said on Friday, August 9. THE La Paz Market in Iloilo City is abuzz with commercial activity. (Tara Yap) ida Amolar, PSA-6 officer-in-charge and chief statistical specialist,...
The Philippine Statistics Authority (PSA) announced on Thursday, Aug. 8, that the country's economy increased by 6.3 percent in the second quarter of the year. The nation's gross domestic product (GDP) recorded strong growth, outpacing the 5.8 percent expansion seen in the first quarter of 2024 and...
Local farm output declined in the second quarter of the year due to a prolonged dry spell caused by El Niño, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the value of the country's agricultural production totaled P413.91 billion from April to June, a 3.3...
The Philippine Statistics Authority (PSA) announced an upward revision of first-quarter economic growth from 5.7 percent to 5.8 percent. According to the PSA, key factors contributing to the revision included: Financial and insurance activities, which increased from 10.0 percent to 10.3 percent;...
The number of unemployed Filipinos decreased by 30 percent to 1.62 million in June from 2.33 million in the same month last year. According to the Philippine Statistics Authority (PSA), the number of jobless individuals in June also decreased from 2.11 million in May 2024. This decline led to...
