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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