Question

how does world bank classify the countries of the world?

Answer 1

Explanation:

When it comes to income , the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low. ... The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method

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Answer 2

The World Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high-income countries. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. 2019 in this case).