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
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
I think not. Manila has a long history of screwing economic progress up…usually via high inflation from printing too many pesos. The real progress I have seen is technological-based. Filipinos enjoy far better wireless internet at cheaper rates than their US counterparts do, for example. Even in the rural areas like my wife’s hometown in Mindanao.
Cool, that would please my wife. Not that it’s going to change the fact that, once you get out of the cities, they’re dirt poor. Tremendous income inequality there.
I think not. Manila has a long history of screwing economic progress up…usually via high inflation from printing too many pesos. The real progress I have seen is technological-based. Filipinos enjoy far better wireless internet at cheaper rates than their US counterparts do for example. Even in the rural areas like my wife’s hometown in Mindanao.
Cool that would please my wife. Not that it’s going to change the fact that once you get out of the cities they’re dirt poor. Tremendous income inequality there.
Heh, I recall when I flew there to meet my now wife; My brother, thanks to his job, gets intelligence briefings, and was scared spitless at the idea I was going there. “If I have to sell my house to ransom you, I’ll kill you myself when you get home!” But it’s not so bad around Cagayan. You couldn’t get me to visit Davao, though.
My wife was born in Cagayan. She grew up across the bay in Oroquieta City, where her family still lives. I couldn’t go visit a few years ago because of risk of kidnapping. I might go later this year/early next year tho. bit.ly/2phDkyb
What part of Mindanao? My wife’s family live in the hills above Cagayan de Oro, in the barangay of San Simon.
Heh I recall when I flew there to meet my now wife; My brother thanks to his job gets intelligence briefings and was scared spitless at the idea I was going there. If I have to sell my house to ransom you”” I’ll kill you myself when you get home!””But it’s not so bad around Cagayan. You couldn’t get me to visit Davao”””” though.”””
My wife was born in Cagayan. She grew up across the bay in Oroquieta City where her family still lives. I couldn’t go visit a few years ago because of risk of kidnapping. I might go later this year/early next year tho.bit.ly/2phDkyb
What part of Mindanao? My wife’s family live in the hills above Cagayan de Oro in the barangay of San Simon.
Some cruel beheadings of tourists from the back of the neck. Certainly not halal slaughter.
Some cruel beheadings of tourists from the back of the neck. Certainly not halal slaughter.
This may eventually happen but it won’t be soon. I foresee a global recession happening within the next year or two, So this result be get push back five to ten years from now.
This may eventually happen but it won’t be soon. I foresee a global recession happening within the next year or two So this result be get push back five to ten years from now.
Woo! My wife’s from the Great Manila Area.
Woo! My wife’s from the Great Manila Area.
Woo! My wife’s from the Great Manila Area.
Woo! My wife’s from the Great Manila Area.
Woo! My wife’s from the Great Manila Area.
This may eventually happen but it won’t be soon. I foresee a global recession happening within the next year or two, So this result be get push back five to ten years from now.
This may eventually happen but it won’t be soon. I foresee a global recession happening within the next year or two So this result be get push back five to ten years from now.
This may eventually happen but it won’t be soon. I foresee a global recession happening within the next year or two, So this result be get push back five to ten years from now.
Some cruel beheadings of tourists from the back of the neck. Certainly not halal slaughter.
Some cruel beheadings of tourists from the back of the neck. Certainly not halal slaughter.
Heh, I recall when I flew there to meet my now wife; My brother, thanks to his job, gets intelligence briefings, and was scared spitless at the idea I was going there. “If I have to sell my house to ransom you, I’ll kill you myself when you get home!” But it’s not so bad around Cagayan. You couldn’t get me to visit Davao, though.
Heh I recall when I flew there to meet my now wife; My brother thanks to his job gets intelligence briefings and was scared spitless at the idea I was going there. If I have to sell my house to ransom you”” I’ll kill you myself when you get home!””But it’s not so bad around Cagayan. You couldn’t get me to visit Davao”””” though.”””
My wife was born in Cagayan. She grew up across the bay in Oroquieta City, where her family still lives. I couldn’t go visit a few years ago because of risk of kidnapping. I might go later this year/early next year tho. bit.ly/2phDkyb
My wife was born in Cagayan. She grew up across the bay in Oroquieta City where her family still lives. I couldn’t go visit a few years ago because of risk of kidnapping. I might go later this year/early next year tho.bit.ly/2phDkyb
What part of Mindanao? My wife’s family live in the hills above Cagayan de Oro, in the barangay of San Simon.
What part of Mindanao? My wife’s family live in the hills above Cagayan de Oro in the barangay of San Simon.
I think not. Manila has a long history of screwing economic progress up…usually via high inflation from printing too many pesos. The real progress I have seen is technological-based. Filipinos enjoy far better wireless internet at cheaper rates than their US counterparts do, for example. Even in the rural areas like my wife’s hometown in Mindanao.
I think not. Manila has a long history of screwing economic progress up…usually via high inflation from printing too many pesos. The real progress I have seen is technological-based. Filipinos enjoy far better wireless internet at cheaper rates than their US counterparts do for example. Even in the rural areas like my wife’s hometown in Mindanao.
Cool, that would please my wife. Not that it’s going to change the fact that, once you get out of the cities, they’re dirt poor. Tremendous income inequality there.
Cool that would please my wife. Not that it’s going to change the fact that once you get out of the cities they’re dirt poor. Tremendous income inequality there.
Some cruel beheadings of tourists from the back of the neck. Certainly not halal slaughter.
Heh, I recall when I flew there to meet my now wife; My brother, thanks to his job, gets intelligence briefings, and was scared spitless at the idea I was going there. “If I have to sell my house to ransom you, I’ll kill you myself when you get home!”
But it’s not so bad around Cagayan. You couldn’t get me to visit Davao, though.
My wife was born in Cagayan. She grew up across the bay in Oroquieta City, where her family still lives. I couldn’t go visit a few years ago because of risk of kidnapping. I might go later this year/early next year tho.
bit.ly/2phDkyb
What part of Mindanao? My wife’s family live in the hills above Cagayan de Oro, in the barangay of San Simon.
I think not.
Manila has a long history of screwing economic progress up…usually via high inflation from printing too many pesos.
The real progress I have seen is technological-based. Filipinos enjoy far better wireless internet at cheaper rates than their US counterparts do, for example. Even in the rural areas like my wife’s hometown in Mindanao.
Cool, that would please my wife. Not that it’s going to change the fact that, once you get out of the cities, they’re dirt poor. Tremendous income inequality there.