Marcos: PH’s upper-middle-income status validates economic policies

President Ferdinand Marcos Jr., in a video posted on social media on Thursday, July 2, 2026, said the Philippines’ new status as an upper-middle-income country is an affirmation of the effectiveness of the government’s economic policies and validation of the resilience of Filipinos. — Screengrab from Bongbong Marcos/Facebook

MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday said the Philippines’ new status as an upper-middle-income country is an affirmation of the effectiveness of the government’s economic policies and validation of the resilience of Filipinos.

The World Bank announced that the Philippines is now among the group of economies with gross national income per capita of between $4,636 and $14,375, as calculated using the Atlas method for fiscal year 2027.

READ: Philippines reaches upper-middle income status, World Bank says

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