Country classification 145 2005 in national currencies were converted into dollars (with selected adjustments) and extended forwards and backwards in time using changes in real GDP for each country. These meetings are organised so as to guarantee that every country is reviewed whenever a fundamental change is observed and at least once a year. The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years’ classifications. A. Your browser is not up-to-date. Negotiations on Trade and Investment in Financial Services. & Financial Surveys, international Capital Markets, look up citations for this publication in google scholar, ASEAN - Association of Southeast Asian Nations, Industries - Hospitality, Travel and Tourism, Insurance - Risk Assessment and Management, Environmental Conservation and Protection, Ecosystems and Habitats - Oceans and Seas, Public Policy - Social Services and Welfare, International Relations - Trade and Tariffs, Public Policy - City Planning and Urban Development, Power Resources - Alternative and Renewable, Annual Report on Exchange Arrangements and Exchange Restrictions, I. Overview of Developments and Key Issues, II. Capital Market Financing for Developing Countries, IV. For this study, this country classification has been modified to exclude the seven offshore banking centers (i.e., The Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore). These meetings are organised so as to guarantee that every country is reviewed whenever a fundamental change is observed and at least once a year. Recent Developments in Financial Regulation and Market Structures, V. Regulatory, Accounting, and Tax Treatment of Sovereign Lending and Debt Reduction, VII. A developed country, industrialized country (or post-industrial country), more developed … A group of country risk experts from Export Credit Agencies meets several times a year to update the list of country risk classifications. The paper argues that a country classification system based on a transparent, data-driven methodology is preferable to one based on judgment or ad hoc rules. Keywords: Country classification systems, developing countries, developed countries Author’s E-Mail Address:lnielsen@imf.org 1 Special thanks are due to Russell Kincaid who provided extensive commentary on earlier drafts. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. International Monetary Fund - IMF: The International Monetary Fund is an international organization that aims to promote global economic growth … The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries.The WEO is released in April and September/October each year. UNCTADstat classifications are detailed in this page. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. For optimum experience we recommend to update your browser to the latest version. 2019 in this case). Countries and territories are grouped by economic criteria or membership of trade agreements for the purposes of statistical analysis and research. Country risk classification Methodology. Information on these developments is taken from relevant issues of the Fund's Annual Report on Exchange Arrangements and Exchange Restrictions. The regional breakdowns of data for developing countries and areas conform to the regional classification used in the Fund's International Financial Statistics. In response to the growing demand for more frequent forecast updates, the WEO Update is published in January and July between the two main WEO publications released usually in April and October. A classification revision history is also available. For optimum experience we recommend to update your browser to the latest version. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. Copyright © 2010-2019. The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. They comprise: Official borrowers (68 countries) are defined as net debtor countries with more than two thirds of their total liabilities outstanding at the end of 1987 owed to official creditors. These systems are found lacking in clarity with regard to their underlying rationale. The WEO Update provides a sub-set of revised estimates for key indicators; the full WEO database is not up… Country risk classification Methodology. Buoyant activity in international capital markets during 1988 and 1989 reflected a continued strong economic expansion in most industrial countries, a high level of investment activity, an increase in the volume of world trade, and an environment of relatively stable prices and exchange rates. 1990 World Econ. All other net debtor countries are classified as not having experienced recent debt-servicing problems. Greece and Portugal have now been reclassified and moved from the group of developing to the industrial countries. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. This group comprises: Diversified borrowers (35 countries) consist of those net debtor developing countries that are neither market nor official borrowers: Capital importing countries comprise all other developing member countries of the Fund except: Countries with recent debt-servicing difficulties (72 countries) are defined as those countries that incurred external payments arrears or entered official or commercial bank debt rescheduling agreements during 1986–88. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. The countries and territories included in the major country groups of the Fund's World Economic Outlook are listed below.1. Updated country income classifications are available here. All classifications and hierarchies are downloadable in Excel and PDF format. A group of country risk experts from Export Credit Agencies meets several times a year to update the list of country risk classifications. Recent Developments in International Capital Markets, III. The revised group of industrial countries (23 countries) now comprises: Developing countries include all other Fund members (as of mid-1989) for which adequate statistics are available, together with certain essentially autonomous dependent territories. All rights reserved. Your browser is not up-to-date. The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years’ classifications. Market borrowers (21 countries) are defined as net debtor countries with more than two thirds of their total liabilities outstanding at the end of 1987 owed to commercial creditors.