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Gov't vows to sustain key reforms for investments
The Philippine Star
|July 06, 2025
The Marcos administration has vowed to sustain key reforms and to create an environment conducive for investments to achieve its goal of turning the Philippines into an upper middle-income country.
The Philippines still belongs to the lower middle-income category, according to the latest World Bank country income classification, which assigns economies based on the gross national income (GNI) per capita of the previous calendar year.
The country posted a GNI per capita of $4,470, only $26 short of the $4,496 to $13,935 requirement to be included in the upper middle-income category.
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