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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

For the first time since 1987, the average Filipino counts as a citizen of an upper-middle-income country. On July 1, 2026, the World Bank moved the Philippines up a rung, after income per person crossed a line the country had chased for a generation.

Updated 3 hours ago