The Philippines’ bid to become an upper-middle-income country (UMIC) fell a few dollars short this year, even after its gross national income (GNI) per capita increased from 2023 to 2024, data from ...

Despite the increase in GNI per capita, the Philippines remains classified by the World Bank as a lower middle-income country — one with a GNI per capita of $1,136 to $4,495.