PRESS RELEASEAugust 1, 2024 “Middle-Income Trap” Hinders Progress in 108 Developing Countries This page in:English Español Français العربية Русский 中文

https://www.worldbank.org/en/news/press-release/2024/07/22/-middle-income-trap-hinders-progress-in-108-developing-countries?_gl=1*1wapmpf*_gcl_au*MjA3Njg0MDQ0NC4xNzIwMjY5MjYy Drawing on lessons of the past 50 years, the World Development Report 2024: The Middle Income Trap finds that as countries grow wealthier, they usually hit a “trap” at about 10% of annual U.S. GDP per person.