Saturday, April 11, 2009

Wealth and poverty in the Philippines


Excerpt from the Global Education website initiated and funded by AusAID, the Australian Government overseas aid program

There is great unevenness in the distribution of wealth in the Philippines. A small percentage of the population is very wealthy while the majority of the people are very poor. The richest 10% of the population share over one third of the wealth while the poorest 10% share only 2.3% with 40% living below the poverty line. In rural areas, most farmers do not own the land that they work and are required to give a percentage of their crop to the landowner as rent. Nearly 10% of GDP is from Filipinos working overseas.

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