Unit 4 Macro: World Income Groups - 2012 Classification

As of 1 July 2012, the World Bank income classifications by GNI per capita are as follows:

• Low income: $1,025 or less
• Lower middle income: $1,026 to $4,035
• Upper middle income: $4,036 to $12,475
• High income: $12,476 or more

Of the 192 member states of the United Nations, only 52 are currently classified as high-income countries. In other words, 140 countries (73 per cent) are still considered developing economies.


Wake up with today’s latest news and support

Subscribe to our daily digest and get today’s content delivered fresh to your inbox every morning.

Or follow us

Explore tutor2u