This is a list of countries with low-income or middle-income economies. Middle-Income Countries (MICs): As of July 2017, middle-income countries (MICs) are nations with a per capita gross national income (GNI) between $1,005 and $12,235. Tonga Where research is conducted in a middleincome country, research - For the current 2021 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,035 or less in 2019; lower middle-income economies are those with a GNI per capita between $1,036 and $4,045; upper middle-income economies are those with a GNI per capita between $4,046 and $12,535; high-income economies … Antigua and Barbuda Pakistan Cameroon. Kosovo The GNI per capita is the dollar value of a country's final … Ukraine Dominica Cook Islands Grenada Malawi COVID-19 Pandemic in Developing Countries. Chad For the current 2016 fiscal year, low-income economies are defined as those with a GNI … Congo Mongolia Central African Republic. Burkina Faso Ecuador Uzbekistan Egypt Haiti Upper-middle income. Sudan Eligibility for developing country membership and registration rates and the International Visiting Surgeon Fellowship. You can unsubscribe at any time using the links in the email you receive. The vast majority of people in the MENA region live in middle-income countries and despite the size, the area also lays claim to 60% of oil and 45% of natural gas reserves in the world, making the MENA region a global player in economic outlook. Algeria; Angola; Bangladesh; Benin; Bhutan; Bolivia; Cabo Verde; Cambodia; Cameroon; Comoros; Congo, Rep. Cote d'Ivoire; Djibouti; Egypt, Arab Rep. El Salvador; Eswatini; … Comoros Zimbabwe. Tokelau Argentina. Vietnam Bosnia and Herzegovina hÞb```¢),§ø€(ĦÊlPzÔcm"ÂÀðÿãj© ÄÑÐAHÒH€ŠUxXƒ®[8MU¼¤¦¶(RÙi5§9X 7C¯H ÿ†¨ï³Ò 1,790. Georgia. Algeria, Indonesia, Mauritius, Nepal, Sri Lanka and Romania were very close to the respective thresholds last year. Montserrat Zimbabwe. Palau Major international organizations classify countries by different factors. Senegal Tajikistan Research will normally be conducted in one or more low-income country. Serbia Figure 1. There are 54 countries in the Commonwealth, in Africa, Asia, the Americas, Europe and the Pacific. Philippines Belarus These considerations suggest that a test for the presence of a middle-income trap should incorporate information on a country’s long-run growth path. Kazakhstan To that end, in a new paper (Ye and Robertson 2015), we use time series techniques to characterise countries’ per capita income time paths. Jordan 32 of our members are classified as small states. According to the World Bank, the per capital income of Nepalese has increased by US dollar $ 130 compared to last year. Swaziland Many middle-income countries still have little access to international capital markets, and even those with better access, must contend with volatility in private capital flows. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. Tunisia Kenya 4,060. Lesotho Micronesia Guinea-Bissau For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. Gabon Eritrea Vanuatu Photo taken on May 2, 2020 shows the Ubungo interchange under construction in Dar es Salaam, Tanzania. Kiribati Wallis and Futuna Contact our information officers if you have a question about funding. To be sure, countries with the same per capita income may not otherwise resemble one another: some countries may derive much of their incomes from capital … Ghana Gambia Saint Lucia Dominican Republic Turkmenistan Sri Lanka 1,410. The Organisation for Economic Co-operation and Development (OECD) compiles this information and revises it every three years. Chad. Get the latest news about Wellcome and the work we fund in a monthly email. Brazil 0 Venezuela El Salvador High income in purple ($12,536 or more, as defined by the World Bank), upper middle income in orange ($4,045 and $12,536) and lower middle income ($1,036 and $4,045) in red.. Panama The 92 low- and middle-income countries and economies approved by the Gavi Board will be able to access vaccines through the COVAX AMC, which will also cover at least part of the cost. South Sudan Suriname Zambia (Xinhua) The World Bank has categorized Tanzania as a lower-middle income country … Costa Rica Organisation for Economic Co-operation and Development. Cambodia. Equatorial Guinea 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 $12,535 ().Middle income countries are home to 75% of the world’s population … Sources: World Bank. Thailand Developing country members, meeting attendees or fellowship applicants must reside in a country defined as low-income or middle-income by the World Bank. Arfa Javaid Jul 14, 2020 12:31 IST. Azerbaijan 3,790. HIC = high-income country, LMIC = lower middle-income country, UMIC = upper middle-income country. Kosovo. Explanation. Key Facts on MICs. 3200 0 obj <>/Filter/FlateDecode/ID[<008A4E4A20EEC644896B45ED7C9E1190><454B0A80419D074F8041385E1D6E840A>]/Index[3186 28]/Info 3185 0 R/Length 76/Prev 79997/Root 3187 0 R/Size 3214/Type/XRef/W[1 2 1]>>stream Jamaica hÞbbd``b`Ú$WƒˆJ ÁòH°® ±v fGáâöXµ Vˆ8Ò¡$nú301ò0YŒdÿ¿–|0 qÅ$ Georgia Afghanistan Paraguay Low income. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population endstream endobj startxref Methodology. ³3à&é10šwAU}0 è=˜ Lower-middle income. Saint Vincent and the Grenadines Syrian Arab Republic Iraq Guinea Bolivia China (People's Republic of) Colombia. Indonesia Low and Middle Income Countries (World Bank Classification) ESPA’s research needs to be able to contribute to reducing poverty and improving the lives of poor people living in low-income countries. This is a map of European countries by GNI (Gross national income nominal) per capita for year 2019. endstream endobj 3187 0 obj <. By clicking subscribe, you agree to receive this newsletter. Democratic People's Republic of Korea Lower middle income. Lower-middle income. Countries with less than $1,035 GNI per capita are classified as low-income countries, those with between $1,036 and $4,085 as lower middle income countries, those with India Saint Helena Belize Albania Middle Income Countries are a diverse group by size, population and income level, and are home to 75% of the world’s population and 62% of the world’s poor. Djibouti Liberia Washington, DC. The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. Bangladesh Lower-middle income. Cabo Verde Colombia 4,230. Democratic Republic of Congo Côte d'Ivoire Upper-middle income. Timor-Leste Central African Republic Tanzania Botswana Finally, low-income countries have GNI per capita of $1,025 per less. Honduras Peru Cuba Lao People's Democratic Republic Turkey Senegal. Tuvalu Samoa Bhutan Upper middle income countries Upper middle income countries This group consists of 12 following countries: Algeria, Angola, Botswana, Brazil, China, Gabon, Libya, Mauritius, Namibia, Seychelles, South Africa, Tunisia. Togo 2016. Fiji Nicaragua KATHMANDU:-As Nepal moves forward on the path to economic prosperity, it has entered the list of low-middle-income countries.According to the latest data released by the World Bank, Nepal is on the list of low middle income countries. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. China (People's Republic of) Upper … MICs also represent about one-third of global GDP and are major engines of global growth. Montenegro The idea of a middle-income trap resonates especially in Latin America, where many countries have been trapped at middle income for a long time. 950. In this year's list, India continues to be classified as the lower-middle-income country. Cambodia Marshall Islands Libya Angola Armenia Burundi. Learn more. The upper-middle-income group has per capita incomes between $4,038 and $12,475. Currently 109 countries categorized by the World Bank are situated within the middle-income category and this grouping is home to more than 70 per cent of the world’s population. 3,890. Maldives Morocco 3186 0 obj <> endobj Niue Burundi Kyrgyzstan Years as middle income… Iran 4,130. Doing Business 2016: Measuring Regulatory Quality and Efficiency. Myanmar The COVAX AMC launched the 4th of June at the Global Vaccine Summit draws from the lessons of the successful Pneumococcal AMC . Lower-middle income. Lower-middle income. Ethiopia 3213 0 obj <>stream 183 St. Lucia LCA Latin America & Caribbean Upper middle income B 184 St. Martin (French part) MAF Latin America & Caribbean High income A 185 St. Vincent and the Grenadines VCT Latin America & Caribbean Upper middle income B 186 Sudan SDN Sub-Saharan Africa Lower middle income C 187 Suriname SUR Latin America & Caribbean Upper middle income B Algeria Argentina Small states are especially vulnerable to things like climate change or developmental challenges. Lower-middle income. The lower-middle-income nations have GNI per capita of $1,026 to $4,035. Low income. Low income. Commonwealth countries are diverse – they are amongst the world’s biggest, smallest, richest and poorest countries. Cabo Verde. Rep. COD Sub-Saharan Africa Low income 46 Congo, Rep. COG Sub-Saharan Africa Lower middle income %PDF-1.5 %âãÏÓ and a 30% discount to 'middle income countries: 43 Colombia COL Latin America & Caribbean Upper middle income 44 Comoros COM Sub-Saharan Africa Lower middle income 45 Congo, Dem. 910. Mexico In Sub-Saharan Africa, countries with a gross domestic income (GDI) per capita of between $1,026 and $12,475 in 2015 and were classified as middle-income countries. 1,320. South Africa Former Yugoslav Republic of Macedonia Sierra Leone Add another country by pressing in the following countries list to compare the data. Somalia For information about how we handle your data, please read our privacy notice. middle income country meaning: one of the countries of the world that is neither very rich nor very poor: . We use a third party provider, Dotmailer, to deliver our newsletters. Nauru A rush to graduate and cease multilateral development bank activities in upper-middle income countries would come at a higher cost than assumed. Upper-middle income. Moldova This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges. Mauritania São Tomé and Príncipe Mali Sri Lanka. Madagascar Other articles where Middle-income developing country is discussed: economic development: …capita incomes below $400; “middle-income developing countries” were defined as those with per capita incomes between $400 and $4,000. Niger Yemen Benin Solomon Islands Guatemala Mozambique Nepal %%EOF 3,840. 760. Rwanda West Bank and Gaza Strip Uganda World Bank country classifications by income level 2020-21. 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