Official Concept and Definition

Severity of poverty (SP)

Definition

the total of the squared income/expenditure shortfall (expressed in proportion to the poverty threshold) of families/ individuals with income/expenditure below the poverty threshold, divided by the total number of families/ individuals  
Notes:
This is equal to the Foster-Greer-Thorbecke (FGT) family of measures with alpha = 2. It is a poverty measure, which is sensitive to the income/ expenditure distribution among the poor - the worse this distribution is, the more severe poverty is.

Formula
PSS Agency PSA
Source/s

PSA

https://psa.gov.ph/ISSiP/concepts-and-definitions
Indicators / Statistics Being Generated Poverty
PSA Board Resolution PSA Board Resolution No 01, Series of 2017 - 129
https://psa.gov.ph/article/nscb-executive-board-resolution-no-2-approving-and-adopting-official-concepts-and
Statistical Domain Environment and multi-domain statistics
Statistical Activity Living conditions, poverty and cross-cutting social issues

Official Concepts and Definitions

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