Question

According to the World Bank, What are low-income countries?

Answer 1

As of 1 July 2019, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,025 or less in 2018; lower middle-income economies are those with a GNI per capita between $1,026 and $3,995; upper middle-income economies are those between $3,996 and $12,375; high

Answer 2

Low-income countries

Explanation:

As of 1 July 2019, World Bank identifies low-income economies as those countries that have a Gross National Income (GNI) per capita of $1,025 or less in 2018. This GNI is calculated using the World Bank Atlas method which smoothes exchange rate fluctuations by using a three-year moving average, price-adjusted conversion factor to convert GNI to US dollars.