Country Income Groups

The world bank classifies the world s economies into four income groups high upper middle lower middle and low. Countries are separated into 6 world bank regions separating out high income countries as a 7th group.

Understanding The World S Economy Countries Of The World Richest In The World Poor Countries

High income group andorra british virgin islands uk cook islands new zealand faroe islands denmark gibraltar uk guam us monaco northern mariana islands us saint martin france san marino sint maarten netherlands u s.

Country income groups. Unsurprisingly low income countries have further to go before they achieve uhc than high income countries. The high income countries tend to cluster at the top left of figure 1 while the low income countries tend to cluster at the bottom left. High income east asia and pacific europe and central asia latin america and the caribbean middle east and north africa south asia and sub saharan africa.

Country income group classification. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. Lower middle income nations have a gni per capita of 1 026 to 3 995.

Updated country income classifications for the world bank s 2020 fiscal year are available here. Third a country s uhc index score tends to be higher the higher the country s income group. Virgin islands us upper middle income group american samoa us low income group north korea.

The classifications are updated each year on july 1 and are based on gni per capita in current usd using the atlas method exchange rates of the previous year i e. Lower middle income countries and upper middle income countries. 2019 in this case.

Now economies are further specified with middle economies broken down into two different groups. Updated country income classifications are available here. This is because middle income economies are diverse in their regions sizes populations and income levels.

We base this assignment on gross national income gni per capita current us calculated using the atlas method.

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