Economy
Philippines Confirmed as Upper-Middle-Income Country by World Bank
The World Bank has confirmed the Philippines' status as an upper-middle-income country, with its per capita Gross National Income (GNI) exceeding the threshold. This upgrade, attributed to economic growth and reforms, is expected to improve the investment climate.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Classified as Upper-Middle Income Country by World Bank
The World Bank has classified the Philippines as an upper-middle income country, marking a significant upgrade after four decades in the lower-middle income bracket. This classification signals a new phase of economic growth and development for the nation.