The Department of Trade and Industry (DTI) said the Philippines achieved Upper Middle-Income Country (UMIC) status due to strong trade growth, rising investments, and improved investor confidence under the administration of President Ferdinand Marcos Jr.
DTI Secretary Cristina Roque credited the government’s expanded free trade agreements and economic reforms for boosting exports and attracting record investment inflows.
The Board of Investments and the Philippine Economic Zone Authority approved more than PHP1.8 trillion in investments in 2025, while exports also posted record growth.
Roque said the country’s upgraded income status strengthens its credit profile and signals global investors that the Philippines is ready for manufacturing, innovation, and regional expansion.
The DTI also expects the milestone to create more jobs and enhance the country’s competitiveness in the global market.
Source: PhilNews24 | July 6, 2026
