Search
The World Bank has classified the Philippines as an upper-middle income country. It ends the country's lower middle-income status held since 1987.
Its GNI per capita hit a record $4,850, up from $4,470. This passed the $4,636 threshold set by the World Bank.
The World Bank cited strong growth, averaging 5.8% yearly for five years. DEPDev Secretary Arsenio Balisacan called it proof of economic resilience. Vietnam, Jordan, and Sri Lanka also moved up this year.
The Land of Unexpected Treasures
Land of the Khmer
The Emerald of the Equator
The Land of a Million Elephant
Land of Indigenous Malay
The Land of the Golden Pagoda
Pearl of the Orient Seas
The Lion City
Southeast Asia Region
The Land of Smiles
A Nation of the 21st Century
The Land of Blue Dragon
Beyond Southeast Asia
