Philippines remains a lower middle-income country, says World Bank

MANILA, July 4 (Xinhua): The World Bank has classified the Philippines as a lower middle-income country with a gross national income (GNI) per capita of US$3,950.

According to a report released on Monday by the World Bank, the Philippines' GNI per capita increased by 11.3 per cent to 3,950 dollars in 2022, still within the multilateral lender's list of lower middle-income economies of US$1,136 to US$4,465 dollars GNI per capita.