Philippines still a lower middle-income country, according to World Bank - BusinessWorld Online

Philippines falls $26 short of World Bank 'upper middle income' upgrade

The Philippines recorded a GNI per capita of $4,470 in 2024 — just $26 short of the $4,496 threshold required to enter the upper middle income bracket.

Philippines' ‘upper middle-income’ dream remains elusive

MANILA, Philippines – Filipinos continued to lag behind their peers in Southeast Asia in terms of average income per capita, according to the World Bank (WB), which has retained the Philippines in the lower middle-income group for 38 years now. In its latest report, the Washington-based lender grouped the Philippines with other lower-middle-income economies, characterized

Philippines still a lower middle-income country, according to World Bank - BusinessWorld Online

THE PHILIPPINES is still classified as a lower middle-income country after just missing the threshold to achieve upper middle-income country (UMIC) status, according to the World Bank. The World Bank’s latest country income classification showed the Philippines posted a record gross national income (GNI) per capita of $4,470. This was higher than its GNI per capita of $4,230 in the previous year. Despite the increase in GNI per capita, the Phili…