Search results
US$13,845
- A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, calculated using the Atlas method.
en.wikipedia.org › wiki › World_Bank_high-income_economy
People also ask
How does the World Bank classify economies?
What is the World Bank's income classification?
How many countries are classified as high-income economies?
What is a high-income economy?
A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, 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.
Jun 30, 2023 · Eric Metreau. Remaining characters: 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.
Apr 21, 2018 · 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.
Despite high levels of government investment, the global economy decreased by 3.4% in 2020 in the midst of the COVID-19 pandemic, an improvement from the World Bank's initial prediction of a 5.2 percent decrease.
High income from The World Bank: Data. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators.
Jul 1, 2022 · The World Bank assigns the world’s economies [1] 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).
