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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$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.
- Developing country
By income groups A map of World Bank high-income economies...
- World Bank
World Bank Group. Website. worldbank.org. The World Bank is...
- Developing country
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.
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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).
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.
