middle income countries of world development report 2016 have the per capita income of
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As of 1 July 2016, 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 2015; lower middle-income economies are those with a GNI per capita between $1,026 and $4,035; upper middle-income economies are those with a GNI per capita between
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MICs are a diverse group by size,population and oncome level .They are defined as lower middle income economies. In 2016 , low income economies are defined as those with a GNI per capita calculated using World Bank .
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