{"data":{"id":1957,"lang":"en","title":"World Bank Reclassifies Philippines and Vietnam as Upper-Middle-Income Economies","summary":"The World Bank has reclassified the Philippines and Vietnam as upper-middle-income economies based on 2025 income data.","category":"business","category_label":"Business","published_at":"2026-07-06T14:09:08Z","updated_at":"2026-07-06T14:09:08Z","url":"https://techtools.cz/tools/news/article/1957-world-bank-reclassifies-philippines-and-vietnam-as-upper-middle-income-economies","api_url":"https://techtools.cz/news-api/v1/articles/1957?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/1957.md?lang=en","image_url":"https://fortune.com/img-assets/wp-content/uploads/2026/07/GettyImages-2231450846.jpg?format=webp\u0026w=1440\u0026q=100","word_count":158,"reading_time_minutes":1,"sources":[{"url":"https://fortune.com/2026/07/03/vietnam-philippines-world-bank-upper-middle-income-trap/","domain":"fortune.com"},{"url":"https://bworldonline.com/top-stories/2026/07/02/760634/philippines-now-an-upper-middle-income-country-world-bank-says/","domain":"bworldonline.com"}],"translation":{"lang":"cs","id":2030,"title":"Světová banka zařadila Filipíny a Vietnam mezi země s vyššími středními příjmy","url":"https://techtools.cz/tools/news/clanek/2030-svetova-banka-zaradila-filipiny-a-vietnam-mezi-zeme-s-vyssimi-strednimi-prijmy","api_url":"https://techtools.cz/news-api/v1/articles/2030?lang=cs"},"content":"The World Bank has classified the Philippines and Vietnam as upper-middle-income economies, ending the Philippines' nearly four-decade run in the lower-middle-income bracket. Jordan, Micronesia, and Sri Lanka also moved up into the same tier this year.\n\nThe upgrade is based on 2025 gross national income (GNI) per capita: the Philippines reached $4,850 and Vietnam $4,970, both above the World Bank's $4,636 upper-middle-income threshold. The Philippine economy grew an average 5.8% annually over five years on broad-based gains across industries, while Vietnam posted 8% growth in 2025, driven by an export boom and a surge in foreign direct investment tied to the U.S.-China trade war.\n\nPhilippine economic planning secretary Arsenio Balisacan called it proof the country has \"relentlessly pursued inclusive growth\" despite shocks like Typhoon Ragasa. Economists caution the milestone is a statistical benchmark rather than a sign of improved household finances, and could reduce both countries' access to concessional World Bank financing going forward."}}