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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]
Jun 30, 2023 · World Bank Group country classifications by income level for FY24 (July 1, 2023- June 30, 2024) The World Bank Group assigns the world’s economies [1] 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.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [5] .
- July 7, 1944 (79 years ago)
- World Bank Group
- 189 countries (IBRD), 174 countries (IDA)
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. While the term "high-income" is often used interchangeably with "First World" and " developed country ," the technical definitions of these terms differ.
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 ...
Jul 1, 2017 · Updated country income classifications for the World Bank’s 2018 fiscal year are available here. The World Bank assigns the world's economies into four income groups — high, upper-middle, lower-middle, and low. We base this assignment on GNI per capita calculated using the Atlas method.
Jul 1, 2018 · As of July 1 2018, the new thresholds for classification by income are: Changes in Classification. The following countries have new income groups: The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years’ classifications.