High Income Countries 2022

As defined by the World Bank, a high-income country has a GDP per capita of more than $12,056. To calculate GNI, the gross domestic product is multiplied by foreign residents’ factored earnings before any non-residents’ income is deducted.

High-income countries are generally considered to be developed nations. The World Bank estimates that there will be 77 nations and territories in this category by November 2020.

Like the United States, some of these nations have maintained this ranking since the 1980s without changing. Other countries, such as Saudi Arabia, used to be classified as such but were later removed and are now back on the list.

Also See: Gnp by Country 2022

It used to be that nations like Russia and Venezuela were considered high-income, but that no longer applies. These nations have most likely relocated to countries with a middle class. The World Bank classifies the following nations and territories as high-income.