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In the Philippines, the Trade Union Congress of the Philippines is the largest union and confederation of 30 labor federations in the country which come from a wide range of sectors. [41] As of 2009, there are a total of 34,320 unions with consist of members summing up to 2.6 million. [42]
Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. [1]
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
On the average, incomes rose by 5.4 percent annually exceeding the region‟s RDP target of five percent. The average annual family savings in the region also increased but at a slower pace of four percent from PHP 25,000 in 2006 to PHP 26,000 in 2009. The said rate of increase however, is below the region‟s savings target of two percent.
The service sector also turned down as growth in the fourth quarter and first quarters of 2008 and 2009, respectively, was a meagre growth of 2.1 percent, a far contrast from the 6.7 percent average from the previous three years. However, the Philippines generally endured the smallest declines in comparison with other East Asian countries.
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Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such as the American Community Survey . [ 1 ]
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