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Palace ‘happy’ as PH nears upper middle-income status

Summary by Inquirer
MANILA, Philippines — Malacañang expressed optimism as the Philippines edges closer to upper-middle-income status. According to the World Bank, the Philippines’ gross national income (GNI) per capita was USD 4,470 in 2024—just USD 26 below the benchmark for upper middle-income countries. “Of course, the Palace is happy because we can see that the administration is working to improve our economy,” Palace Press Officer Claire Castro said at a brie…

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Palace ‘happy’ as PH nears upper middle-income status

MANILA, Philippines — Malacañang expressed optimism as the Philippines edges closer to upper-middle-income status. According to the World Bank, the Philippines’ gross national income (GNI) per capita was USD 4,470 in 2024—just USD 26 below the benchmark for upper middle-income countries. “Of course, the Palace is happy because we can see that the administration is working to improve our economy,” Palace Press Officer Claire Castro said at a brie…

·Manila, Philippines
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Inquirer broke the news in Manila, Philippines on Wednesday, August 20, 2025.
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