Persistent inequality and deeply rooted political structures have been preventing the Philippines from moving upward from its present status as a lower-middle income country. As of July 2, the World Bank reported that, in 2024, the country’s per-capita gross national income (GNI) increased by 5.67 percent from $4,230 in 2023 to $4,470 in 2024. Despite that increase, the Philippines did not budge from the lower-middle income bracket, set by the World Bank at between $1,136 and $4,495.