World Bank high-income economy

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Template:Short description

A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,935 or more in 2024, calculated using the Atlas method.[1] While the term "high-income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies". According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing.[2] Although Vatican City is a sovereign state, it is not classified by the World Bank under this definition.

File:High income economies as classified by the World Bank.png
A map of World Bank high-income economies, as of 2023

List of high-income economies (as of 2024 fiscal year)

According to the World Bank the following 86 countries (including territories) are classified as "high-income economies".[1] In brackets are the year(s) during which they held such classification; classifying began in 1987. As of the 2024 fiscal year, high-income economies are those that had a GNI per capita of $14,005 or more in 2023.[1]

High income UN members

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High income non-UN members

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Former high-income economies

The year(s) during which they held such classification is/are shown in parentheses.[3]

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a Between 1994 and 2009, as a part of the File:Flag of the Netherlands Antilles (1986–2010).svg Netherlands Antilles. b Dissolved on 10 October 2010. Succeeded by Curaçao and Sint Maarten.

Historical thresholds

The high-income threshold was originally set in 1989 at US$6,000 in 1987 prices. Thresholds for subsequent years were adjusted taking into account the average inflation in the G-5 countries (the United States, the United Kingdom, Japan, Germany, and France), and from 2001, that of Japan, the United Kingdom, the United States, and the eurozone.[4] Thus, the thresholds remain constant in real terms over time.[3] To ensure no country falls right on the threshold, country data are rounded to the nearest 10 and income thresholds are rounded to the nearest 5.[5]

The following table shows the high-income threshold from 1987 onwards. Countries with a GNI per capita (calculated using the Atlas method) above this threshold are classified by the World Bank as "high-income economies".[3]

Year GNI per capita (US$) Date of
classification
1987 6,000 Template:Dts
1988 6,000 Template:Dts
1989 6,000 Template:Dts
1990 7,620 Template:Dts
1991 7,910 Template:Dts
1992 8,355 Template:Dts
1993 8,625 Template:Dts
1994 8,955 Template:Dts
1995 9,385 Template:Dts
1996 9,645 Template:Dts
1997 9,655 Template:Dts
1998 9,360 Template:Dts
1999 9,265 Template:Dts
2000 9,265 Template:Dts
2001 9,205 Template:Dts
2002 9,075 Template:Dts
2003 9,385 Template:Dts
2004 10,065 Template:Dts
2005 10,725 Template:Dts
2006 11,115 Template:Dts
2007 11,455 Template:Dts
2008 11,905 Template:Dts
2009 12,195 Template:Dts
2010 12,275 Template:Dts
2011 12,475 Template:Dts
2012 12,615 Template:Dts
2013 12,745 Template:Dts
2014 12,735 Template:Dts
2015 12,475 Template:Dts
2016 12,236 Template:Dts
2017 12,056 Template:Dts
2018 12,376 Template:Dts
2019 12,536 Template:Dts
2020 12,696 Template:Dts
2021 13,205 Template:Dts
2022 13,845 Template:Dts
2023 14,005 Template:Dts
2024 13,935 July 1, 2025

See also

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References

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  1. ↑ a b c Country and Lending Groups. World Bank. Accessed on July 1, 2023.
  2. ↑ Script error: No such module "citation/CS1".
  3. ↑ a b c Script error: No such module "citation/CS1".
  4. ↑ The Atlas Method, World Bank.
  5. ↑ Script error: No such module "citation/CS1".

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