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  1. 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.

  2. Jun 30, 2023 · In 1987, 30% of reporting countries were classified as low income, while in 2022 only 12% fell into this category. The extent of this decline is different between world regions, with the Sub-Saharan African region’s proportion of low-income countries falling from 74% to 46% in 2022, East Asia Pacific from 26% to 3%, and South Asia from 100% ...

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  4. Jul 1, 2022 · The economy of Belize was severely affected by the COVID-19 pandemic in 2020 and moved to the lower-middle-income group. In 2021, economic growth rebounded, led by tourist-related activities and investments, bringing Belize back to its prior classification as an upper-middle-income country. The economies of Panama and Romania were each also ...

  5. High income from The World Bank: Data. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators.

  6. The world by income. Source: World Bank. Note: (1) Countries are classified each year on July 1, the start of the World Bank fiscal year, based on GNI per capita data (World Bank Atlas method) for the previous calendar year. For FY24 the classification uses GNI per capita for 2022. (2) Map boundaries represent boundaries as of 2020 and do not ...

  7. 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).

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