Average annual family income Philippines 2018-2023

Published by
Christy Balita,
Sep 1, 2024

In 2023, the average annual income of families in the Philippines increased to 353,230 Philippine pesos, indicating a significant growth from the 2021 average. In the same year, the average annual expenditure of families in the country was 258,050 Philippine pesos.

Average annual family income in the Philippines from 2018 to 2023 (in 1,000 Philippine pesos)

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Release date

August 2024

Region

Philippines

Survey time period

2018 to 2023

Supplementary notes

*Preliminary figures.

One Philippines peso is equal to 0.017 U.S. dollars and 0.016 euros as of August 2024.

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