The Philippines is rich but it's like India there's an unequal distribution of wealth that's why while you see so many rich people in India, you'll also see many poor Indians. Very similar to the Philippines. Unless corruption is minimized, the number of poor people would remain high.
But, Philippines is richer than India in comparison of GDP percapita 2024 Philippines is at $4.3k while india is at $2.6k and the poor lifestyle in the Philippines is still better compared to india. also india is far overcrowded, underdeveloped and polluted than Philippines.
bs... the philippines is poised to reach $4,500 this year.... adjust again the upper middle income threshold to $5,000... and when the philippines is poised to reach $5,000... adjust again the upper middle income threshold to $6,000... then ithe philippines is in a middle income trap....
