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Aklan’s poverty incidence drops to 14.9 percent

The poverty incidence among Aklanon population in 2015 has declined to 14.9 percent from 25.0 percent in 2012 and 44.7 percent in 2009 according to Philippine Statistics Authority-Aklan.
Subsistence incidence, or the proportion of Aklanons in extreme poverty, also, dropped to 0.9 percent in 2015 from 5.3 percent in 2012. 
The food threshold, or the minimum amount needed to meet a person’s basic food needs, was estimated at P14, 934, which translates to P1, 245 per month or P41.00 per day. 
This means that a family of five needs at least P6, 223 per month to meet the family’s basic food needs.
Meanwhile, the annual per capita poverty threshold or the minimum income required to meet the basic food and non-food needs of Aklanons was estimated at P21, 387.00.  
This means that a family of five would need to earn at least P8, 911.00 per month to meet its basic food and non-food needs. 
Both the monthly food threshold and monthly poverty threshold increased by 20.8 percent between 2012 and 2015
Among Aklanon families, poverty incidence was estimated at 10.9 percent, lower by 47 percent compared to 20.4 percent reported in 2012.
On the other hand, the subsistence incidence among families was estimated at 0.6 percent, a decline by 88 percent compared to 4.7 percent recorded in 2012. 
In 2015, incomes of poor families were short by 10.5 percent of the poverty threshold, which means that, on the average, an additional monthly income of P936 is needed by a poor family with five members in order to move out of poverty.
According to Provincial Statistics Officer Antonet Catubuan poverty incidence is the proportion of people below the poverty line. Data were derived from the results of the Family Income and Expenditure Survey conducted by PSA every three years.

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