Question

How does the world bank calculate the income of the country?​

Answer 1

Answer:

Income groups

Income is measured using gross national income (GNI) per capita, in U.S. dollars, converted from local currency using the World Bank Atlas method.

Answer 2

Answer:

Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income. In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries.