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High-income
- Based on GNI, countries are classified into three main groups by the World Bank. These are high-income (developed) countries, newly emerging economies (emerging) and low-income countries (developing).
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How does the World Bank classify countries?
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In the World Development Indicators all 189 World Bank member countries, along with 28 others with populations of more than 30,000 are classified by income level and geographic region for the presentation of key statistics allowing users to aggregate, group, and compare statistical data as needed.
- Method
In calculating gross national income (GNI) per capita in...
- Country Classification
World Bank Country and Lending Groups; How does the World...
- Member Countries
With 189 member countries, staff from more than 170...
- Method
Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita.
Abstract. The World Bank has used an income classification to group countries for analytical purposes for many years. Since the present income classification was irst introduced 25 years ago there has been significant change in the global eco-nomic landscape.
Based on GNI, countries are classified into three main groups by the World Bank. These are high-income (developed) countries, newly emerging economies (emerging) and low-income countries (developing).
The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to
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With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
