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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). GNI measures are expressed in United States dollars (USD), and are determined using conversion factors ...

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.

Low & middle income. Afghanistan; Albania; Algeria; American Samoa; Angola; Argentina; Armenia; Azerbaijan; Bangladesh; Belarus; Belize; Benin; Bhutan; Bolivia; Bosnia and Herzegovina; Botswana; Brazil; Bulgaria; Burkina Faso; Burundi; Cabo Verde; Cambodia; Cameroon; Central African Republic; Chad; China; Colombia; Comoros; Congo, Dem. Rep ...

Lower-middle income. Upper-middle income. 3,970. 4,450. Indonesia. Lower-middle income. Upper-middle Income. 3,870. 4,050. Iran. Lower-middle income. Upper-middle Income. 2,870. 5,240. Mauritius. Upper-middle Income. High income. 10,230. 12,740. Panama. Upper-middle Income. High income. 11,880. 14,950. Romania. Upper-middle Income. High income ...

The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 ( 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.