list of upper middle income countries 2020
August 4th, 2021 | 
Author: Developed countries are usually classified as high-income countries. Afghanistan. List of countries and dependencies. GNI per capita in dollar terms is esti- You can google “percentiles of net worth” and then just see which range they are in. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. It is the driest country in Sub-Saharan Africa, and is rich in mineral resources, including diamonds and uranium. In collaboration with the PAHO Revolving Fund, we are leading the procurement and delivery for 92 low- and lower middle-income countries while also supporting procurement for more than 97 upper middle-income and high-income nations. Lower-middle income and upper-middle income economies are separated at a GNI per capita of $2,975. Conditions. As detailed by the study, all … World Bank List Of Economies By Income Group(FY2015) In this classification, countries are divided in the following income groups: Group 1 | Low income: $1,045 or less. 1,320. Macao ($113.4K) is similarly a tiny autonomous region where Asia’s wealthy go to gamble. The median income of the middle class as of 2016 was $78,442. II. Upper-middle income. In 2029, 11.6 million (81 percent) middle-income seniors without equity in housing will have annual income and annuitized assets (henceforth, “income… Middle-class income, or middle-income households, are those with incomes that are two-thirds to double the U.S. median household income, according to the Pew Research Center. It depends by age. Bulgaria has undergone a significant transformation over the past three decades. Developing countries are automatically granted GSP if they: Are classified as having an income level below "upper middle income" by the World Bank Poverty in East Asia and Southeast Asia: Upper-Middle Income Countries. Namibia is a small country of about 2.5 million people, with a long coastline on the South Atlantic, bordering South Africa, Botswana, Zambia and Angola. The European Union’s GSP is widely recognised as the most progressive in terms of coverage and benefits.. Many statisticians think that median income is a more representative number. Between 2010–11 and 2018–19 government education spending as a percentage of GDP remained at 4.3% in lower-middle-income countries, and increased from 3.2 to 3.5% in low-income countries. Political stability and sound economic management have helped anchor poverty reduction and allowed Namibia to become an upper-middle income country. 4,060. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. Source: Education finance watch 2021. 910. Sierra Leone. Middle-income economies are those with GNI per capita of more than $745 but less than $9,206. Below, we illustrate the changes in size for different income classes from 1967 to 2016. Middle-income countries are those with $1,026 to $12,475 in per capita GNI. The bank classifies the world’s economies into four income groups, namely high, upper-middle, lower-middle, and low, based on Gross National Income (GNI) per capita in U.S. dollars.. Lower middle-income economies are those with a GNI per capita between USD … At the same time, the middle class shrank from 47% to 36% and the lower middle … The number of middle-income countries is 107 (60 UMICs and 47 LMICs) and has not changed much as countries have transitioned both in and out of this group. If we collapse upper and lower middle class, a total of 29.7% of South Africans and 24.4% of black South Africans identified themselves as belonging to the middle class in 2013. 1. Learn what middle-class income means, how this metric is calculated, and which factors (other than income) impact who's considered "middle class." List of GSP beneficiary countries. The think tank defines the middle class as households that are earning two-thirds to double the national median. Lower-middle income. Among non-Gavi eligible countries, PCV has been introduced in 6 (50%) of 12 lower middle-income countries, 26 (51%) of 51 upper middle-income countries, and 51 (88%) of 58 high-income countries. Senegal. —. World Bank atau Bank Dunia per 1 Juli 2020 telah memasukkan Indonesia sebagai negara dengan status berpendapatan menengah ke atas (upper middle income country). July 18 2019 / by Andreas Birnstingl / MarketPro. Upper-middle income. Low income. A high-income economy is defined by the World Bank as a nation with a gross national income per capita of US$12,696 or more in 2020, calculated using the Atlas method. Let’s take it one step deeper, and look at various household sizes. 2020 E-Government Development Index. Bermuda (UK) 106,140. The number of high-income countries is currently 80, up from less than 50 in the 1990s. GSP statistics: details regarding benefits per regime, country and others. Filters are based on the World Bank list of countries (2019), classified as low-income, lower-middle-income or upper-middle-income economies: ... (CIS) Support Digest, Issue 61, June 2020. By the end of 2008, a quarter of high-income and upper-middle-income countries (HIC/UMIC) had introduced national HPV vaccination programs but there had been no national introductions in low- and lower-middle-income countries (LIC/LMIC). Rank. The list of countries for FY 2021 scorecard assessments is set forth below: In the World Bank’s classification, upper middle-income economies are those with a gross national income (GNI) per capita of USD3,996 to USD12,375. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. Lower-middle income. The richest country in the world, Qatar ($138.9K), is a tiny Middle Eastern country with an absolutely massive amount of oil. Let’s take it one step deeper, and look at various household sizes. New Country Classifications By Income Level: 2019-2020 – World Bank. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. The median income is the income in the exact middle of the list with half of the incomes being higher and half being lower. 8 July 2020. Throughout 2020, even middle-income countries had difficulties winning contracts. 2009. Lower-middle income. 2013. Ten low-income and lower-middle–income economies, five upper-middle–income economies, and eight high-income economies according to the World Bank classification. 85,500. High-income economies are those with a GNI per capita of $9,206 or more." In its initial transition, Bulgaria went through a decade of slow economic restructuring and growth, high indebtedness, and a loss of savings. Generalised Scheme of Preferences in a nutshell . Liechtenstein. Introduction Tobacco smoking is a leading cause of premature death and disability, and over 80% of the world's smokers live in low- or middle-income countries. The upper middle class has grown significantly, from 6% of the population in 1967 to 33% in 2016. Nonetheless, many have still missed their target vaccination rates due to problems with vaccine supply, delivery, and access. 2 Albania Upper middle income 3 Algeria Lower middle income 4 American Samoa Upper middle income ... World Bank list of economies (June 2020) (Bold indicates a change of classification) x x ... $1,035 or less; lower middle income, IDA countries are those that lack the financial ability to borrow from IBRD. Low income. Low- and middle-income countries This is a list of countries with low-income or middle-income economies. THE UPPER MIDDLE-INCOME COUNTRIES 1 III. In upper middle income countries, life expectancy and populations are increasing, leading to a greater number of people with dementia. Upper-middle income countries must have at least a ‘high’ burden of disease4 to be eligible for Global Fund financing5. High-income economies are those with a GNI per capita of $9,206 or more." The RCEP's 15 members include a diverse mix of high-income economies (Australia, Brunei, Japan, Korea, New Zealand, and Singapore), upper middle-income economies (Indonesia, Malaysia and Thailand), lower middle-income economies (Cambodia, Laos, Myanmar, the Philippines, and Vietnam), and importantly, the second largest economy in the world (China). Nepal: Rocky road to success. Low income economies are those with a GNI per capita of $745 or less in 2001. between $4,086 and $12,615 as upper middle income countries, and those with incomes of more than $12,615 as high-income countries. I don't use lower, middle and upper with net worth. Group 2 | Lower middle income: $1,046 to $4,125. In 2020, according to Pew Research, 17% of the world’s population could be considered middle-income. In the 2010 Newsweek "World's Best Countries" list, Jordan ranked 53rd worldwide, and 3rd among Arab countries after Kuwait and the UAE. High income countries have broadly already experienced the increases in health and population that these upper middle income countries are undergoing and so prevalence is high but will not rise as rapidly. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. The Bank Group’s MTS emphasizes deeper engagement with middle-income countries (MICs), by positioning the institution as their preferred development partner. Of the 73 Gavi-eligible countries, 59 (81%) introduced PCV. Least Developed Countries Other Low Income Countries Lower Middle Income Countries Upper Middle Income Countries and Territories and Territories (per capita GNI <= $1 005 in 2016) (per capita GNI $1 006-$3 955 (per capita GNI $3 956-$12 235 in 2016) in 2016) Afghanistan Democratic People's Republic of Korea Armenia Albania Somalia. Switzerland. World Bank list of economies (June 2020) (Bold indicates a change of classification) x x Economy Code X Region Income group Lending category Other x xx x x x x x 1 Afghanistan AFG South Asia Low income IDA HIPC 2 Albania ALB Europe & Central Asia Upper middle income IBRD 3 Algeria DZA Middle East & North Africa Lower middle income IBRD Upper middle-income countries (UMICs) share some challenges with lower middle-income countries (LMICs), but they differ in the intensity and complexity of other development problems, including higher inequality, climate change, and the need to upgrade productivity and competitiveness to match those of developed economies. 3,790. Based on the same poverty threshold number, the former must make between P125,772 and P209,620 in a month, and the latter, anything beyond those numbers. These nations represent approximately one-third of global GDP, and over 70% of people in the world live in MICs. Albania; American Samoa; Argentina; Armenia; Azerbaijan; Belarus; Bosnia and Herzegovina; Botswana; Brazil; Bulgaria; China; Colombia; Costa Rica; Cuba; Dominica; Dominican Republic; Ecuador; Equatorial Guinea; Fiji; Gabon; Georgia; Grenada; Guatemala; Guyana; Iraq; Jamaica; Jordan; Kazakhstan; Kosovo; Lebanon; Libya; Malaysia; Maldives; Marshall Islands; Mauritius; Mexico; … 4,130. The objective of this study is to assess demographic and socioeconomic determinants of current smoking in low- and middle-income countries. The median income of the middle class as of 2016 was $78,442. Upper middle income countries Upper middle income countries This group consists of 12 following countries: Algeria, Angola, Botswana, Brazil, China, Gabon, Libya, Mauritius, Namibia, Seychelles, South Africa, Tunisia. Add another country by pressing in the following countries list to compare the data. 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