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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] While the term "high-income" is often used interchangeably with "First World" and " developed country ," the technical definitions of these ...
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.
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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).
Jul 1, 2020 · July 01, 2021. This page in: English. 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.
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.
Jul 1, 2020 · The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. 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. 2019 in this case).
