Others titles
- List of Countries Classified According to Income Level
- World Bank Classification of Different Regions by Income Economies
Keywords
- Income Groups
- The World Bank
- Geographical Regions
- Lending Groups
- Per Capita Income
- Gross National Income (GNI)
- Economic Growth
- Living Conditions
Classification of Countries by Income Economies
This dataset lists the World Bank member countries and all other economies and classifies them according to low, middle and high income economies with populations of more than 30,000.
Get The Data
- ResearchNon-Commercial, Share-Alike, Attribution Free Forever
- CommercialCommercial Use, Remix & Adapt, White Label Log in to download
Description
The World Bank member countries (189), and all other economies with populations of more than 30,000 have been classified in this dataset. For operational and analytical purposes, economies are divided among income groups according to 2022 gross national income (GNI) per capita, calculated using the World Bank Atlas method. The groups are: low income, $1,085 or less; lower middle income, $1,086 to $4,255; upper middle income, $4,256 to $13,205; and high income, $13,206 or more.The effective operational cutoff for IDA eligibility is $1,205 or less.
International Development Association (IDA) countries are those that lack the financial ability to borrow from International Bank for Reconstruction and Development (IBRD). IDA credits are deeply concessional—interest-free loans and grants for programs aimed at boosting economic growth and improving living conditions. IBRD loans are noncessional. Blend countries are eligible for IDA credits because of their low per capita incomes but are also eligible for IBRD because they are financially creditworthy.
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. Income classifications set on 1 July 2022 remain in effect until 1 July 2023. Venezuela has been temporarily unclassified since July 2021 pending release of revised national accounts statistics. Argentina, which was temporarily unclassified in July 2016 pending release of revised national accounts statistics, was classified as upper middle income for FY17 as of 29 September 2016 based on alternative conversion factors. Also effective 29 September 2016, Syrian Arab Republic is reclassified from IBRD lending category to IDA-only.
On 29 March 2017, new country codes were introduced to align World Bank 3-letter codes with ISO 3-letter codes: Andorra (AND), Dem. Rep. Congo (COD), Isle of Man (IMN), Kosovo (XKX), Romania (ROU), Timor-Leste (TLS), and West Bank and Gaza (PSE). It is to be noted that Venezuela, RB classified as an upper-middle income country until FY21, has been unclassified since then due to the unavailability of data.
About this Dataset
Data Info
Date Created | 2022-06-29 |
---|---|
Last Modified | 2023-03-01 |
Version | 2023-03-01 |
Update Frequency |
Annual |
Temporal Coverage |
N/A |
Spatial Coverage |
World |
Source | John Snow Labs; The World Bank; |
Source License URL | |
Source License Requirements |
N/A |
Source Citation |
N/A |
Keywords | Income Groups, The World Bank, Geographical Regions, Lending Groups, Per Capita Income, Gross National Income (GNI), Economic Growth, Living Conditions |
Other Titles | List of Countries Classified According to Income Level, World Bank Classification of Different Regions by Income Economies |
Data Fields
Name | Description | Type | Constraints |
---|---|---|---|
Country_Name | Name of the country or economy. | string | - |
Country_Code | Refers to the relative code for a country or economy. | string | - |
Region | Groupings are primarily based on the regions used for administrative purposes by the World Bank. There are two main variants: one which includes all economies, and one which excludes high-income economies. | string | - |
Income_Group | Economies are currently divided into four income groupings: low, lower-middle, upper-middle, and high. Income is measured using gross national income (GNI) per capita, in U.S. dollars, converted from local currency using the World Bank Atlas method. | string | - |
Lending_Category | Economies are divided into IDA, IBRD, and Blend countries based on the operational policies of the World Bank. International Development Association (IDA) countries are those with low per capita incomes that lack the financial ability to borrow from the International Bank for Reconstruction and Development (IBRD). Blend countries are eligible for IDA loans but are also eligible for IBRD loans because they are financially creditworthy. | string | - |
Other | Other country groupings in World Development Indicators include OECD member countries, countries in the euro area, member states of the European Union, the UN Least Development Countries classification, and the World. | string | - |
Data Preview
Country Name | Country Code | Region | Income Group | Lending Category | Other |
Aruba | ABW | Latin America & Caribbean | High income | ||
Afghanistan | AFG | South Asia | Low income | IDA | HIPC |
Angola | AGO | Sub-Saharan Africa | Lower middle income | IBRD | |
Albania | ALB | Europe & Central Asia | Upper middle income | IBRD | |
Andorra | AND | Europe & Central Asia | High income | ||
United Arab Emirates | ARE | Middle East & North Africa | High income | ||
Argentina | ARG | Latin America & Caribbean | Upper middle income | IBRD | |
Armenia | ARM | Europe & Central Asia | Upper middle income | IBRD | |
American Samoa | ASM | East Asia & Pacific | Upper middle income | ||
Antigua and Barbuda | ATG | Latin America & Caribbean | High income | IBRD |