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Unit 4 Macro: World Income Groups - 2012 Classification

Geoff Riley

14th August 2012

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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.

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via chartsbin.com

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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