What are socioeconomic #indicators?
Okay, I know you are eager to know indicators of development i Philippines.
First, let us define what is an indicator.
Indicators are sets of data, or any mixed and gathered and analyzed for policy making, monitoring and evaluation. It is helpful in making assessments in local and national level.
While socioeconomics (also known as socio-economics or social economics) is the social science that studies how economic activity directly or indirectly determines and is shaped by social processes. In general it analyzes how societies progress, stagnate, or regress because of their localor regional economy, or the global economy. https://en.wikipedia.org/wiki/Socioeconomics
There are different sets of socioeconomic indicators. Every country has different indicators depending on their social condition and to the needs and purpose of use. For example in fishery sector, estimation of socio-economic indicators are different compared to non-fishery sector.
On the other hand, some socioeconomic indicators on development are based in Millennium Development Goals (MDG) which is formulated and signed in 2000 by UN and its 189 member countries for the upliftment of the country’s economic and social well being and to free people from extreme poverty and multiple deprivations.
Indicators can help us classify countries according to their development whether they are Most Economically Developed Country or Less Economically Developed Country.
In the Philippines, there is a socioeconomic tool called Community-Based Monitoring System (#CBMS) which is being utilized by LGUs for monitoring poverty. This monitoring tool is updated every three years in the local level and is also in congruent to the MDGs.
The Community–Based Monitoring System (CBMS) Network is part of the Poverty and Economic Policy (PEP) Network supported by the International Development Research Centre (IDRC) Canada through its Globalization, Growth and Poverty (GGP) Initiative, and by the Canadian International Development Agency (CIDA).
Please read the full article of CBMS here.
Some of the helpful data that we can extract from this tool are the following.
1. Poverty maps (provinces, cities, municipalities, barangays and sitios/puroks)
2. Tables and graphs of Core Local Poverty Indicators (CLPIs) such as below poverty and food threshold, no access on sanitary toilet facilities, no access to safe water, not attending school, maternal health, who are squatters and others which are disaggregated by gender, household, purok and Barangay.
Based on the CBMS monitory tool, we have the following indicators
Health and Nutrition
Water and Sanitation
Income and Livelihood
Peace and Order
Socioeconomic Indicators of Development in the Philippines
Generally, socioeconomic indicators for #economic development includes the following.
GDP per capita
GDP per capita is the total value of (final i.e. not intermediate) goods and services produced within a country divided by the total population. 5.2% gdp growth for the 1st quarter
GDP estimates from WB $284.6 billion as 2014. (http://data.worldbank.org/country/philippines)
GNP per capita
The life expectancy at birth for females born in the Philippines from the year 2005 to 2010 is 71.64 years. Derived from the 2000 Census-based projections, this projected life expectancy at birth for females is longer by 5.53 than the life expectancy at birth for males which is estimated at 66.11 years.
According to UNICEF, life expectancy at birth (years) 2012 is 68.5 years.
Philippine Statistics Authority classified literacy into two:
Basic Literacy refer to the ability of a person 10 years old and over to read and write with understanding a simple message in any language or dialect.
Functional literacy refers to the ability of a person 10 to 64 years old who can read, write, compute and comprehend.
Other socioeconomic indicators of development.
People per doctor
Real Wage #Index
Meanwhile, the Philippine Minimum National Social Data Set (PMNSDS) also has a set of indicators based MNSDS endorsed by UN Statistical Commission to all member countries and is updated quarterly by National Statistical Coordination Board.
1. Population estimates, by five year age group and sex
2. Life expectancy at birth by sex
3. Infant mortality per 1000 live births
4. Child mortality per 1000 live births
5. Maternal mortality per 100000 live births
6. Contraceptive prevalence rate
7. Average number of years of schooling completed by sex
8. Persons per sleeping room
9. Access to safe water
10. Access to sanitation
11. Monetary value of the basket of food needed for minimum nutritional requirement
12. GDP per capita in pesos
13. Average income per capita of families by decile group
14. Unemployment rate by sex
15. Employment- population ratio by sex
Below is a presentation of indicators of development.
Reliability of Indicators
Like many of data gathered from national and local level, realibility of such data depends heavily on the enumerators skills and the implementers of survey. While data may speak of what is going in the community level, it is useless if data gathering is carried on haphazardly and with a vested interest of the data user.