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$14,005 or more in 2023, calculated using the Atlas method. [1]
Jul 1, 2024 · Explore the updated World Bank country income classifications for 2024-2025, highlighting GNI per capita shifts and global economic trends. Discover which countries moved between income categories and understand the factors driving these changes.
Jun 30, 2023 · The World Bank Group assigns the world’s economies to four income groups – low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI per capita of the previous calendar year.
Jul 1, 2022 · Detailed information on how the World Bank classifies countries is available here. The country and lending groups page provides a complete list of economies classified by income, region, and World Bank lending status and includes links to prior years’ classifications.
GDP (current US$) current US$ constant US$ current LCU constant LCU. Most recent value. (2022 trillion) 61.67. (2022 trillion) Trend. GDP per capita (current US$) GDP per capita (current US$) current US$ constant US$ current LCU constant LCU. Most recent value.
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 ...
People also ask
How does the World Bank classify economies?
What is the World Bank's income classification?
How does the World Bank categorize countries?
When are countries classified in the World Bank?
When it comes to income , the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low. The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method.
