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The Philippines achieved its long-standing goal of attaining upper-middle-income-country (UMIC) status with a record-high gross national income (GNI) per capita in 2025. The World Bank had announced on July 1 (Manila time), that the Philippines, Jordan, Micronesia, Sri Lanka, and Vietnam had joined the ranks of UMICs, with their respective GNI per capita ranging from $4,636 to $14,375 in 2025. Read more | |
Meanwhile, lawmakers question the World Bank's upper-middle-income classification, saying most Filipinos still struggle and per capita income hides severe inequality. Read more |
