World Bank Group country classifications by income level for FY24 (July 1, 2023- June 30, 2024) NADA HAMADEHCATHERINE VAN ROMPAEYERIC METREAU JUNE 30, 2023 This page in: English Français Español العربية 中文 日本語

https://blogs.worldbank.org/en/opendata/new-world-bank-group-country-classifications-income-level-fy24 The World Bank Group assigns the world’s economies[1] to four income groups – low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI per capita of the previous calendar year. GNI measures are expressed in United States dollars[2] using conversion factors derived according to the Atlas method, which in its current form was introduced in 1989[3]. The World Bank’s income classification aims to reflect a country’s level of development, drawing on Atlas GNI per capita as a broadly available indicator of economic capacity.