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New Country Classifications

World Bank Data Team's picture

Each year on July 1, the World Bank revises analytical classification of the world's economies based on estimates of gross national income (GNI) per capita for the previous year. The updated GNI per capita estimates are also used as input to the World Bank's operational classification of economies that determines lending eligibility. As of 1 July 2015, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2014; middle-income economies are those with a GNI per capita of more than $1,045 but less than $12,736; high-income economies are those with a GNI per capita of $12,736 or more. Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of $4,125.

Changes in classification

The country and lending groups page provides a complete list of economies classified by income, region, and lending status. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. Please note, regions include economies at all income levels. The term country, used interchangeably with economy, does not imply political independence but refers to any territory for which authorities report separate social or economic statistics. Click here for information about how the World Bank classifies countries.

Below you will find the list of countries with new income groups.

Economy

Old income group

New income group

Bangladesh

Low

Lower middle

Kenya

Low

Lower middle

Myanmar

Low

Lower middle

Tajikistan

Low

Lower middle

Mongolia

Lower middle

Upper middle

Paraguay

Lower middle

Upper middle

South Sudan

Lower middle

Low

Argentina

Upper middle

High income

Hungary

Upper middle

High income

Seychelles

Upper middle

High income

Venezuela, RB

Upper middle

High income

Tables showing 2014 GNI, GNI per capita, GDP, GDP PPP, and Population data are also available as part of the World Bank's Open Data Catalog . Note that these are preliminary estimates and may be revised. Country classifications are determined once a year and remain fixed, regardless of subsequent revisions to their estimates of their GNI per capita. For more, please see the corresponding press release or contact us at data@worldbank.org.

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