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.

You can find the World Bank's latest adjustments here.

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.