Search results
World Bank 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]
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.
People also ask
Does the World Bank use income classification?
How does the World Bank classify the world economy?
When are countries classified in the World Bank?
What is a high-income economy?
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 ...
Graph, map and compare more than 1,000 time series indicators from the World Development Indicators.
Updated country income classifications are available here. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries.
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).
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.
