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Department of Economy, Planning and Development

Department of Economy, Planning and Development

Philippine government agency

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World Bank reclassifies the Philippines as upper-middle-income

Money Moves

National planning body tracking the milestone and its costs

On July 1, 2026, the World Bank raised the Philippines to upper-middle-income status for the first time since 1987. Income per person reached $4,850, clearing the $4,636 cutoff after 39 years in the lower tier.

Updated Jul 3