Philippines remains lower middle-income country: 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 3,950 U.S. dollars.

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