Phl Still Lower-Middle Income State – WB

The Philippines has retained its lower-middle income country status, according to the World Bank's latest country classifications.

- By Louella Desiderio

Data released by the World Bank showed that the Philippines remained part of the lower-middle income country grouping even as its gross national income (GNI) per capita went up to $4,470 in 2024 from $4,320 in 2023.

For the current fiscal year, the World Bank classifies economies with a GNI per capita calculated using the Atlas method of $1,136 to $4,495 in 2024 as lower-middle income countries.

Those with a GNI per capita between $4,496 and $13,935 are classified as upper-middle income economies, while those with a GNI per capita over $13,935 are high-income economies.

The Philippines has been classified as a lower-middle income economy since 1987.