2024-07-04

The Philippines exceeded its Gross National Income (GNI) per capita target for 2023 under the Philippine Development Plan (PDP) 2023-2028 and is on track to becoming an upper middle-income country in the next two years, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Wednesday.

Data released by the World Bank last July 1 showed that the country's GNI per capita reached USD4,230 last year, surpassing the USD3,130 to USD4,203 GNI per capita target set under the PDP.

The GNI per capita last year was also higher by 7.1 percent than the previous year.

GNI per capita measures the economic output per citizen, encompassing both domestic and international earnings....

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Via pna.gov.ph