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Jun 30, 2023 · The World Bank Group assigns the world’s economies to four income groups – low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI per capita of the previous calendar year.
- New World Bank country classifications by income level: 2022-2023
The World Bank assigns the world’s economies to four income...
- New World Bank country classifications by income level: 2022-2023
As of 1 July 2019, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,025 or less in 2018; lower middle-income economies are those with a GNI per capita between $1,026 and $3,995; upper middle-income economies are those between $3,996 and $12,375; high-income economies are those ...
Jul 1, 2024 · In Latin America and the Caribbean, the share of high-income countries has climbed from 9% in 1987 to 44% in 2023. Europe and Central Asia has a slightly lower share of high-income countries in 2023 (69%) than it did in 1987 (71%). These changing compositions are depicted visually in the diagram below, which shows country classifications by ...
The World Bank groups economies into one of four categories: low income, lower-middle income, upper-middle income, high income. The categories are used to show how different groups of countries are doing against measures such as reducing poverty, growth, increasing income per head of population, and so on.
Jul 1, 2022 · The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high income. The classifications are updated each year on July 1 and are based on the GNI per capita of the previous year (2021).
The World Bank classifies economies for analytical purposes into four income groups: low, lower-middle, upper-middle, and high income. For this purpose it uses gross national income (GNI) per capita data in U.S. dollars, converted from local currency using the World Bank Atlas method, which is applied to smooth exchange rate fluctuations.
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Mar 11, 2024 · Low-income countries are those with a gross national income (GNI) per capita of $1,135 or less in 2022. Lower-middle-income countries are those with a GNI per capita between $1,136 and $4,465 in 2022.
