Question

the middle income group countries according to the development report 2012

Answer 1

Answer :

The World Bank revises the classification of the world’s economies based on estimates of gross national income (GNI) per capita for the previous year. The updated GNI per capita estimates are also used as input to the Bank’s operational classification of economies, which determines their lending eligibility.

Mexico, China and Brazil are ‘upper-middle income’; India, Pakistan, and Bangladesh are ‘lower-middle income’ (a categorization that could irk not only New Delhi but most Indians); while ‘Malawi’ is, understandably, a notch lower at ‘low income’. So far, all were ‘developing countries’.  

As of 1 July 2012, the World Bank income classifications by GNI per capita are as follows:

1. Low income: $1,025 or less
2. Lower middle income: $1,026 to $4,035
3. Upper middle income: $4,036 to $12,475
4. High income: $12,476 or more

Answer 2

The World Bank revises the classification of the world’s economies based on estimates of gross national income (GNI) per capita for the previous year.

The World Bank classifies countries in the following manner:

A. Low income: $1025 or less;

B. Lower middle income: $1026 to $4035;

C. Upper middle income: $4036 to $12475;

D. High income: $12476 or more.

Middle income economies are sometimes referred to as “developing countries/ economies”.