The country's gross national income per capita reached $4,970 in 2025, exceeding the $4,516 threshold set by the World Bank, ...
Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.
The Philippines has reached upper-middle income (UMIC) status, the World Bank said. In its latest income assessment released Wednesday, the World Bank reported that the Philippines' gross national ...
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Upper-middle income status is not the finish line
MANILA, Philippines – The Philippines has finally crossed the threshold into upper-middle income country (Umic) status. While ...
According to the World Bank's annual update, released on 1 July, Sri Lanka, Vietnam, the Philippines, Jordan and Micronesia ...
In its latest classification of countries, the World Bank has elevated Sri Lanka from a lower middle-income country to an upper middle-income country. What does this mean? Let us find out. But first, ...
A recent analysis by the Asean+3 Macroeconomic Research Office (Amro) highlights a critical juncture for the Philippines in its pursuit of upper middle-income country (UMIC) status. To reach this goal ...
MANILA, Philippines – The Philippines stands at an important moment in its development journey. Its transition to upper-middle income country (Umic) status on July 1st 2026, is a recognition of ...
The news that Sri Lanka has once again been classified as a middle-income country is undoubtedly one of the more encouraging ...
Majorities in 16 of 17 middle-income nations say this, including roughly three-quarters of adults or more in 12 countries.
Philippines achieves World Bank upper-middle income status in 2026, with GNI per capita reaching $4,850, and DEPDev Secretary ...
The Philippines has officially entered the World Bank’s upper middle income country (UMIC) category after nearly four decades ...
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