The Philippines National Economic and Development Authority (NEDA) sees 7-8% GDP growth making the Philippines an upper middle-income country by 2019 which would be 3 years ahead of a 2022 target.
A World Bank definition for an upper middle-income economy is a country with a GNI per capita of between $4,036 and $12,475.
The Philippines, Indonesia, Vietnam, India, Laos and Myanmar are lower middle-income country with GNI per capita between $1,026 and $4,035.
The 2017 World Bank statistics on per capita GNI are:
Philippines $3660 Indonesia $3540 Laos $2270 Vietnam $2170 India $1820 Myanmar $1190
The South Asian countries have 5 to 8% GDP growth.
Philippines having 7-8% growth should reach the upper middle-income level in 2019. Indonesia has a little slower growth at 5.5% and should reach it around 2022.
India, Vietnam and Laos will become upper middle-income around 2026-2030.
China became upper middle income around 2010 and will soon become high income according to the world bank definitions.
Regional 2017 per capita GNI
World $10,366 Arab World $6,152 Caribbean small states $8,985 Central Europe and the Baltics $12,980 East Asia & Pacific $10,170 Euro area $35,644 Europe & Central Asia $22,651 Europe & Central Asia (excluding high income) $7,370 European Union $32,778 Latin America & Caribbean $8,200 Latin America & Caribbean (excluding high income) $7,413
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