New World Bank country classifications by income level are published
Lebanon, an upper-middle-income country for almost 25 years, now moves to the lower-middle income group according to the World Bank's latest classification.
Per capita income in Lebanon has fallen in each of the last eleven years and their economy has also experienced a significant depreciation against the US dollar. This means that Lebanon drops down a dollar-denominated ranking of countries according to GDP per capita.
Romania and Panama are now classified as high income countries. Venezuela, classified as an upper-middle income country until 2021, has been unclassified since then due to the unavailability of data.