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Tag: gross national income

World Bank: PH hits upper-middle income threshold

The Philippines’ gross national income (GNI) per capita has reached the threshold of upper-middle income countries, the World Bank said Friday. It made the statement...

Philippines GDP growth slowed to 5-year low of 4.0% in Q3

The Philippine economy grew 4.0 percent year-on-year in the third quarter of 2025, the slowest in nearly five years amid the disruption in public...

Remittances to the Philippines rose 3.7% to hit 6-month high in June 2025

Cash remittances to the Philippines grew 3.7 percent year-on-year to $2.99 billion in June 2025, the highest in six months, data from the Bangko...

First-quarter gross national income growth reduced to 7.2%

The Philippine Statistics Authority (PSA) said Wednesday that first-quarter gross domestic product (GDP) growth remained at 5.4 percent, despite revisions in several sectors. It said,...

Stable peso paves road to becoming UMIC

The Philippine peso, in addition to sustained economic growth, is crucial to the Philippines’ bid to become an upper-middle-income country (UMIC) by 2025. This is...

Gov’t wants every Filipino to feel growth

Finance Secretary Ralph Recto expressed the government’s commitment to ensuring that the country’s robust economic growth reaches every Filipino citizen. “Our main focus now is...

GDP growth drops sharply to 4.3% in Q2

The country's economic growth slowed sharply in the second quarter, official data showed Thursday, as high inflation, a drop in government spending, and interest...

Reopening expected to lift economy from deep slump

The Philippine economy is expected to rebound from the 9.5-percent contraction in 2020, the deepest slump on record, as it resumes reopening of businesses...

‘North Korean economy shrank sharply in 2017’

Seoul"•North Korea saw its economy contract 3.5 percent last year"•its worst showing in two decades"•as it was hit by sanctions over its weapons programs,...
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