The share of Americans in the middle class is shrinking as rising costs outpace many workers' pay. While wages have grown in recent years, inflation and higher expenses for essentials like housing and ...

Nigeria has retained its status as a lower middle income (LMI) country. The classification is part of the World Bank’s annual country classifications by income level for the period of 2024-2025.

Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.” ...

MANILA, Philippines – The Philippines is still stuck in the lower middle-income bracket, according to the new country classifications released by the World Bank. It means the Southeast Asian nation is ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper examines the macroeconomic frameworks of IMF-supported programs with low-income countries from 2009 to 2022, ...

The Philippines’ bid to become an upper-middle-income country (UMIC) fell a few dollars short this year, even after its gross national income (GNI) per capita increased from 2023 to 2024, data from ...