Highlights of the 2000 Family Income and Expenditure Survey
- Based on the final result of the 2000 Family Income and Expenditure survey, average family income increased by 15.7 percent from P77,132 in 1997 to P89,227 in 2000 (at current prices). Average family expenditures, on the other hand, rose by 15.0 percent from P67,012 in 1997 to P77,287 in 2000 at current prices. Total number of families increased to 1.097 million in 2000 from 969 thousand in 1997.
- Number of families in the P500,000 and over income bracket climbed from 8,258 families in 1997 to 10,606 in 2000. Similarly, those in the P10,000 and below bracket dropped from 3,538 in 1997 to 1,593 in 2000.
- About 64 percent of total family income in 2000 was generated by the upper 30 percent of families in the region. Families in the rural area accounted for 60 percent of total family income in 2000. Income inequality was more pronounced in 2000 with a Gini ratio of 0.4458 against a ratio of 0.4362 in 1997. Income equality in urban areas worsened.
- Agriculture and agriculture related activities remain the major sources of income of families in the region, with 39.8 percent of families deriving their income from such activities in 1997 and 41 percent in 2000.
- Food was the major expenditure item in families, accounting for 50.3 percent of total family expenditures in 1997 and 49.5 percent in 2000.
- Annual Per Capita Poverty Threshold increased from P9,850 to P11,524 and incidence of poor families under review declined from 46.9 percent to 46.0 percent between 1997 and 2000.
- The annual average Inflation Rate decelerated from 6.6 percent in 2001 to 3.3 percent in 2002.