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A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$14,005 or more in 2023, calculated using the Atlas method. [1] While the term "high-income" is often used interchangeably with "First World" and " developed country," the technical definitions of these terms differ.
Jul 1, 2024 · Explore the updated World Bank country income classifications for 2024-2025, highlighting GNI per capita shifts and global economic trends. Discover which countries moved between income categories and understand the factors driving these changes.
It works within the Open Data Initiative and hosts an Open Knowledge Repository. The World Bank has been criticized as promoting inflation and harming economic development, causing protests in 1988 and 2000. There has also been criticism of the bank's governance and response to the COVID-19 pandemic.
Jun 30, 2023 · The World Bank Group assigns the world’s economies to four income groups – low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI per capita of the previous calendar year.
Jul 1, 2022 · The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high income. The classifications are updated each year on July 1 and are based on the GNI per capita of the previous year (2021).
Apr 21, 2018 · The world by income. The World Bank classifies economies for analytical purposes into four income groups: low, lower-middle, upper-middle, and high income. For this purpose it uses gross national income (GNI) per capita data in U.S. dollars, converted from local currency using the World Bank Atlas method, which is applied to smooth exchange ...
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GDP (current US$) current US$ constant US$ current LCU constant LCU. Most recent value. (2022 trillion) 61.67. (2022 trillion) Trend. GDP per capita (current US$) GDP per capita (current US$) current US$ constant US$ current LCU constant LCU. Most recent value.
