In the News
Mauritius becomes Africa's 2nd High Income Country
Mauritius has become the second country after Seychelles in Africa to attain high-income status.
The new classifications published by the World Bank are based on the following income levels (all in US dollars)
- Low income < 1,036
- Lower-middle income 1,036 - 4,045
- Upper-middle income 4,046 - 12,53
- High income > 12,535 > 12,375
Mauritius - with a per capita income in 2019 of $12,740 at market exchange rates has moved from being an upper middle income country to a high income nation. Tanzania has moved to lower middle income status as has Benin. Romania - which joined the European Union in 2007 - is now classified as a high income nation for the first time.
Sri Lanka moves in the opposite direction from upper middle income to lower middle income status.