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Filipinos 3rd lowest paid in APEC – WB data

Discussion in 'Money Matters' started by Micawber, Nov 19, 2015.

  1. Micawber
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    Micawber Renowned Lifetime Member

    "Filipinos are the third lowest paid after Vietnam and Papua New Guinea among the 21-Asia Pacific economies top-billed by Americans, Japanese and Canadians as the groupings richest citizens, data from the World Bank (WB)showed.

    The World Bank data only magnified the disparity in income among APEC countries, which adopted the theme “Building Inclusive Economies, Building A Better World” in this year’s APEC Leaders’ Summit.

    Based on the data, Filipinos earned only $1,581 per capita in 2013 at constant 2005 US$ rate or just a mere 0.03 percent of the Americans whose earnings ranked the highest at $45,710.

    Japanese followed as the second highest paid with $37,573 and Canadians with $37,528.

    The data also showed that the Philippine salary per capita had been increasing from $993 in 1995 to $1,060 in 2000 and $1,200 in 2005 but the rate of increase was not enough to catch up not even with fellow ASEAN countries.

    The data also showed wide income disparity in the ASEAN region with Singapore ranking as the highest salary at $36,897 among its peers followed by Brunei Darussalam with $24,184 and Malaysia with $6,997. Singaporeans ranked fifth richest in APEC.

    Wealthier APEC citizens include Australia with $37,491; Hong Kong with $33,534; New Zealand with 29,334; Korea with $23,892; Chinese Taipei with $21,506 China with $9,726; Mexico with $8,519; and Peru with $4,109......."


    Source

    There's some interesting data on income tax rates within Asia Pacific economies too
    • Informative Informative x 1

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