1.2 Country classification by income level

Question 1

Describe the income groups the World Bank uses to classify countries.

Answer 1

Low Income Economies - (Gross National Income) per capita per person of US $1086 or less.

Middle Income Economies - (Gross National Income) per capita of more than US $1086 but less than $13,205.

High Income Economies - (Gross National Income) per capita of more than US $13,205.