low-income countries world bank

Low Income Countries 2022

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Which countries have low-income levels? The World Bank defines low-income countries as those with a GNI per capita of less than $1,026. Final income divided by the population equals GNI per capita (formerly GNP per capita). Its revenue is comprised of the value contributed by all local producers, product taxes not included in output valuation, … Read more

High Income Countries 2022

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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 … Read more