We are sorry that you would like to unsubscribe from our newsletter. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. IDA also supports some countries, including several small island economies, that are above the operational cutoff but lack the creditworthiness needed to borrow from the International Bank for Reconstruction and Development (IBRD). All rights reserved. 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. LOWER-MIDDLE-INCOME ECONOMIES (US$996 TO US$3,895). Surcharges are applied for lending rates of countries which have been categorized as high income for two consecutive years. The classification of countries is determined by two factors: Until last year (Fiscal Year 2019), the income classifications had an analytical purpose and did not influence the World Bank’s lending terms. 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Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights. The World Bank’s commitment to helping countries controls corruption dates to 1996 when then-President James Wolfensohn made his “cancer of corruption” speech. ! " Data for GNI, GNI per capita, GDP, GDP PPP, and Population for 2018 are now available on World Bank’s Open Data Catalog. The IMF definitive data for the past year and estimates for the current year are published twice a year in April and October. World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. As... 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Note that these are preliminary estimates and may be revised. For more information, Abstracts/workshops abstract (at) wcph2020.com, Registration registration (at) wcph2020.com, Group registration groupregistration (at) wcph2020.com, Housing information housing (at) wcph2020.com, Exhibition/partner/sponsor sponsor (at) wcph2020.com. This site uses Akismet to reduce spam. The World Bank classifies the world’s economies into four income groups — high, upper-middle, lower-middle, and low. Toggle navigation. The All Share Index (ASI) declined by 31 bps closing at 28,634.35 while market capitalization shed 46.06 bn to close at 14.92 trillion. For the current 2019 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of US$995 or less in 2017; lower middle-income economies are those with a GNI per capita between US$996 and US$3,895. Revisions to national accounts methods and data can also influence GNI per capita. Thanks for subscribing to our newsletter. The World Bank’s commitment to helping countries control corruption dates to 1996 when President James Wolfensohn made his “cancer of corruption” speech. Use of this classification system does not imply a judgment concerning the development status of any country or territory. Admin → Disclaimer: Country borders or names do not necessarily reflect the World Bank Groups official position. Your subscription to the newsletter can be handled below. The Word Congress on Public Health 2020 has a newsletter which periodically sends out updates and information relating to the congress. Subscribe for latest updates. However, since the last fiscal year, the high-income threshold is also a determining factor for lending rates. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. Learn how your comment data is processed. However, since the last fiscal year, the high-income threshold is also a determining factor for lending rates. Thrive Agric CEO, Uka Eje announced via his Twitter account that he has stepped down from his role as Chief Executive Officer. Countries by nominal GDP in 2019 >$20 ... the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The United States economy continued to record an improvement after a steep economic decline in Q2 2020. The classification is updated each year on July 1st. The countries are color-coded based on their performance on the LPI index. In developing economies, they are even more important. Who We Are. Please type in your email address below and then click 'Add'. To complete your request, please type in your email address below and then click 'Remove'. Emerging countries are those stated as 'low-income' and 'lower-middle income' as per World Bank Country Classification. document.write(new Date().getFullYear()); Notify me of follow-up comments by email. More information here. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. Save my name, email, and website in this browser for the next time I comment. ĞÏࡱá > şÿ È şÿÿÿ € ã d ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿıÿÿÿË Which sectors can help Nigeria bounce back post COVID-19. Some countries, such as Nigeria and Pakistan, are IDA-eligible based on per capita income levels and are also creditworthy for some IBRD borrowing. New thresholds are determined at the start of the World Bank’s fiscal year in July and remain fixed for 12 months regardless of subsequent revisions to estimates. Until last year (Fiscal Year 2019), the income classifications had an analytical purpose and did not influence the World Bank’s lending terms. The World Bank classifies economies based on their GNI per capita (computed using the “Atlas” method). 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. The World Bank Group’s (WBG) Fragile, Conflict and Violence Group (formally the Center on Conflict, Security and Development CCSD) annually releases the Harmonized List of Fragile Situations. As of July 1, 2019, the new thresholds for classification by income are: The following countries are assigned to new income groups: 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. Emerging countries are those stated as 'low-income' and 'lower-middle income' as per World Bank Country Classification. It presents the most current and accurate global development data available, and includes national, regional and global estimates. Surcharges are applied for lending rates of countries which have been categorized as high income for two consecutive years. World Bank list of economies (June 2020) This table classifies all World Bank member countries (189), and all other economies with populations of more than 30,000. Classification threshold: The thresholds are adjusted for inflation annually using the SDR deflator. Performance across... SMEs are the foot soldiers of any economy. For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. © For the current 2019 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of US$995 or less in 2017; lower middle-income economies are those with a GNI per capita between US$996 and US$3,895. Please complete the additional fields below and then click 'Add'. Cookies are used for the functionality of our web site. A country’s GNI per capita, which can change with economic growth, inflation, exchange rates, and population. The thresholds for income classification have increased from last year due to SDR inflation. The sort code is a number which usually identifies both the bank and the branch where an account is... You have entered an incorrect email address! For more information, please contact us at data@worldbank.org. To see the map full screen, please find the button in the upper left corner. Leadership, organization, and history. The outbreak of COVID-19 left a negative imprint on the revenue profile of most SSA countries (especially for crude oil and tourism-dependent economies).