For the first semester of 2015, poverty incidence in Bicol region improved both in terms of families and individuals. Poverty incidence among families dropped from 34.1 percent in the first semester of 2012 to 30.9 in the first semester of 2015. Likewise, poverty incidence among individuals was estimated at 39.0 percent in the first half of 2015, down from the 43.3 percent during the same period in 2012. This was based on the latest official poverty statistics released by the Philippine Statistics Authority (PSA). The estimates of poverty incidence used the income data from the Family Income and Expenditure Survey (FIES) first visit conducted in July 2015.
Across provinces, Albay had the lowest incidence with 25.1 percent or one of every four families was poor in the first half of 2015, an improvement from the 36.1 percent in the same period in 2012. The biggest improvement in the poverty situation among families was noted in Masbate which posted 12.6 percentage-points reduction between the first six months of 2012 and 2015.
On the contrary, poverty situation worsened in three Bicol provinces between the two periods. Catanduanes had the biggest increase in incidence at 12.6 percentage points while Camarines Norte and Sorsogon increased by 11.8 and 3.6 percentage points respectively.
In terms of poverty incidence among the population, Albay had the lowest incidence of 32.9 percent followed by Camarines Sur with 37.3 percent. On the other hand, Catanduanes had the highest incidence with 47.8 percent. The biggest improvement was recorded in Masbate with 14.8 percentage points reduction.
First Semester Poverty Incidence among Families
and Population by Province, Region V: 2012 and 2015
Per capita poverty threshold during the first semester of 2015 was placed at P10,940 higher than the P9,022 in the same period in 2012. Thus, this means that a Bicolano family with five members would need at least P9,117 average monthly to meet both basic food and non-food needs.
Among the provinces, Catanduanes recorded the highest cost of living with P11,474 per capita poverty threshold while Masbate had the lowest with P10,232 during the first six months of 2015.
First Semester Per Capita Poverty Threshold, Poverty Incidence and Coefficient of Variation
among Families and Population by Province, Region V: 2012 and 2015
|Province||Per Capita Poverty Threshold (In Pesos)||Poverty Incidence (In Percent)||Coefficient of Variation (In Percent)|
Source: Philippine Statistics Authority
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