World Bank Income Groups

Upper middle income economies are those with a gni per capita between 4 046 and 12 535. Nonoecd 48 countries.

Interactive Map Country Income Groups World Bank Classification World Poverty Map Teacher Resources

The world bank classifies the world s economies into four income groups high upper middle lower middle and low.

World bank income groups. Number of countries in each group. Upper middle income 53 countries. The world bank is a component of the world bank group.

We base this assignment on gross national income gni per capita current us calculated using the atlas method. High income economies are those with a gni per capita of 12 536 or more. The world bank is an international financial institution that provides loans and grants to the governments of low and middle income countries for the purpose of pursuing capital projects.

The world bank has used an income classification to group countries for analytical purposes for many years. While the term high income is often used interchangeably with first world and developed country the technical definitions of these terms differ. Lower middle income 51 countries.

It comprises two institutions. 2019 in this case. For the current 2021 fiscal year low income economies are defined as those with a gni per capita calculated using the world bank atlas method of 1 035 or less in 2019.

The international bank for reconstruction and development ibrd and the international development association ida. Lower middle income economies are those with a gni per capita between 1 036 and 4 045. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries.

The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. Since the present income classification was first introduced 25 years ago there has been significant change in the global eco nomic landscape. 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.

As real incomes have risen the number of countries in the low income group has fallen to 31 while. 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. A high income economy is defined by the world bank as a country with a gross national income per capita of us 12 536 or more in 2019 calculated using the atlas method.

2019 in this case. Oecd 32 countries. Economies are divided among income groups according to 2015 gross national income gni per capita calculated using the world bank atlas method.

Low income 31 countries.

Continue reading →