Question

how do World Bank classify per capita income​

Answer 1

A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), or underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.

Answer 2

The World bank assigns world's economies into four income groups :- high, uppermiddle, lowermiddle and low. We base this assignment on GNI per capita calculated using the Atlas method. In Each country , factors such as income growth, inflation, exchange rates , and population change, influence GNI per capita.

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