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Economy

Philippines reaches upper middle income status after 39 years

The Philippines has been reclassified as an upper middle income country by the World Bank, ending nearly four decades in the lower middle income category since 1987. The milestone reflects sustained economic growth and suggests improved living standards for over 100 million people.

Rappler Philippines · Thursday, 2 July 2026

#economic-development#poverty-reduction#philippines#income-growth
Philippines reaches upper middle income status after 39 years

'After nearly four decades as a lower middle income country since 1987, this milestone affirms that the economic policies we have pursued over the past four years have been effective,' says Marcos

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Read the full article at Rappler Philippines

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