Monday, August 17, 2026
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upper-middle income status

PH hits Upper Middle-Income Status in World Bank Report, DTI cites PBBM’s strong economic leadership

The Department of Trade and Industry (DTI) today highlighted the country's strong trade momentum and rising capital inflows as the primary engines behind the...

Foreign business groups say PH’s upper middle-income economy status reflects progress; urge reforms to sustain growth 

The American Chamber of Commerce of the Philippines (AmCham) and the European Chamber of Commerce of the Philippines (ECCP), said the World Bank's recognition...

PH’s upper-middle income status,  reflecting country’s economic resilience — DEPDev

The Philippines has officially entered the World Bank’s Upper-Middle Income Country (UMIC) category, marking a historic economic milestone driven by sustained growth, sound macroeconomic management, and long-term structural reforms, the Department of Economy, Planning, and Development (DEPDev) said.   The World Bank confirmed the upgrade in its...
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