eco paper 12pages

World Bank Country Classification

Salvador Ortigueira (University of Miami)

January 15, 2017

Salvador Ortigueira (University of Miami)

FY17 Country Classification

1. As of 1 July 2016, the World Bank updated its classification of countries using their GNI per capita in 2015

1.1 Low-income economies are defined as those with a GNI per capita of $1,025 or less

1.2 Lower middle-income economies are those with a GNI per capita between $1,026 and $4,035

1.3 Upper middle-income economies are those with a GNI per capita between $4,036 and $12,475

1.4 High-income economies are those with a GNI per capita of $12,476 or more.

Salvador Ortigueira (University of Miami)

Changes with respect to previous year classification

Economy Old group New group

Cambodia Low Lower middle Equatorial Guinea High Upper middle Georgia Lower middle Upper middle Guyana Lower middle Upper middle Mongolia Upper middle Lower middle Russian Federation High Upper middle Senegal Lower middle Low Tonga Upper middle Lower middle Tunisia Upper middle Lower middle Venezuela, RB High Upper middle

Salvador Ortigueira (University of Miami)