How income inequality compared across regions in 2023
The 2023 Annual Family Income and Expenditure Survey showed that income inequality in the Philippines — as measured by the Gini coefficient — narrowed to 0.3909 last year from 0.4063 in 2021. The Gini coefficient measures income disparity among families. A reading of “0” denotes perfect distribution of income, while “1” represents total inequality. Read the full story.
