Economic Performance

Poverty Incidence

Poverty incidence, as defined by the National Statistical Coordination Board (NSCB), is the proportion of individuals living in certain households with an average per capita expenditure below the poverty line. Conversely, poverty threshold is defined as the minimum income/expenditure required for a family/individual to meet the basic food and non-food requirements.

Based on data provided by the Philippine Statistics Authority, the first semester poverty incidence among families and among population in Oriental Mindoro increased by 3.6 percentage points or 34% and 5.7 percentage points or 39% respectively, from 2018 to 2021.

Poverty incidence among population refers to the proportion of poor Filipinos whose per capita income is not sufficient to meet their basic food and non-food needs.

Source: Philippine Statistics Authority

 

The first semester estimates of PSA showed an increase of 27% or 7,400 poor families from 2018 to 2021.

Similarly, the magnitude of poor population increased by 37% or 56,700 from 2018 to 2021.

 

 

 

 

 

 

Subsistence Incidence

 The province also showed increased subsistence incidence among families from 4.7% during the first semester of 2018 to 6.4% in 2021.  Subsistence incidence among population also increased from 6.3% in the first semester to 2018 to 9.1% in 2021.

Subsistence incidence refers to the proportion of Filipinos whose income is not enough to meet even the basic food needs.

 

Source: Philippine Statistics Authority

 

The magnitude of subsistence poor families likewise increased by 36% or 3,600 families from 2018 to 2021.

 

 

 

 

 

Subsistence poor population also increased by 51% or 28,100 from 2018 to 2021.

 

 

 

 

 

Further, based on PSA’s clustering of provinces, Oriental Mindoro was included in the fifth or least poor cluster in 2018.  In the first semester of 2021, however, the province moved down to the fourth cluster.

 

Gross Domestic Product (GDP)

The economic growth of the province dropped significantly from 5.6% for the period 2018-2019 to -9.0% for the period 2019-2020.   Among the industries, accommodation and food service activities contributed most to the decline with -41.0%, followed by professional and business service with -34.1%, and construction with -29.9%.  These services were also heavily affected by the COVID-19 pandemic.