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World Bank high-income economy

From Wikipedia, the free encyclopedia
Income classification for countries

Ahigh-income economy is defined by theWorld Bank as a country with agross national income per capita of US$13,935 or more in 2024, calculated using theAtlas method.[1] While the term "high-income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with theU.S. andNATO during theCold War. Several institutions, such as theCentral Intelligence Agency (CIA) orInternational Monetary Fund (IMF), take factors other than highper capita income into account when classifying countries as "developed" or "advanced economies". According to theUnited Nations, for example, some high-income countries may also be developing countries. TheGCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed ordeveloping.[2] AlthoughVatican City is asovereign state, it is not classified by the World Bank under this definition.

A map of World Bank high-income economies, as of 2023

List of high-income economies (for 2026 fiscal year)

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According to the World Bank the following 87 countries (including territories) are classified as "high-income economies".[1] In brackets are the year(s) during which they held such classification; classifying began in 1987.As of the 2026 fiscal year, high-income economies are those that had a GNI per capita of $13,935 or more in 2024.[1]

High income UN members

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High income non-UN members

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Former high-income economies

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The year(s) during which they held such classification is/are shown in parentheses.[3]

aBetween 1994 and 2009, as a part of theNetherlands Antilles.bDissolved on 10 October 2010. Succeeded byCuraçao andSint Maarten.

Historical thresholds

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The high-income threshold was originally set in 1989 atUS$6,000 in 1987 prices. Thresholds for subsequent years were adjusted taking into account the averageinflation in theG-5 countries (the United States,the United Kingdom,Japan,Germany, andFrance), and from 2001, that ofJapan, theUnited Kingdom, theUnited States, and theeurozone.[4] Thus, the thresholds remain constant in real terms over time.[3] To ensure no country falls right on the threshold, country data are rounded to the nearest 10 and income thresholds are rounded to the nearest 5.[5]

The following table shows the high-income threshold from 1987 onwards. Countries with aGNI per capita (calculated using the Atlas method) above this threshold are classified by the World Bank as "high-income economies".[3]

YearGNI per capita (US$)Date of
classification
19876,000October 2, 1988
19886,000September 13, 1989
19896,000August 29, 1990
19907,620September 11, 1991
19917,910August 24, 1992
19928,355September 9, 1993
19938,625September 2, 1994
19948,955June 8, 1995
19959,385June 3, 1996
19969,645July 1, 1997
19979,655July 1, 1998
19989,360July 1, 1999
19999,265July 1, 2000
20009,265July 1, 2001
20019,205July 1, 2002
20029,075July 1, 2003
20039,385July 1, 2004
200410,065July 1, 2005
200510,725July 1, 2006
200611,115July 1, 2007
200711,455July 1, 2008
200811,905July 1, 2009
200912,195July 1, 2010
201012,275July 1, 2011
201112,475July 1, 2012
201212,615July 1, 2013
201312,745July 1, 2014
201412,735July 1, 2015
201512,475July 1, 2016
201612,236July 1, 2017
201712,056July 1, 2018
201812,376July 1, 2019
201912,536July 1, 2020
202012,696July 1, 2021
202113,205July 1, 2022
202213,845July 1, 2023
202314,005July 1, 2024
202413,935July 1, 2025

See also

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References

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  1. ^abcCountry and Lending Groups.World Bank. Accessed on July 1, 2025.
  2. ^"UN. (2005). UNCTAD Handbook of Statistics"(PDF). Retrieved2007-07-09.
  3. ^abc"comparison with the previous fiscal year". World Bank. Archived fromthe original on 2018-01-04. Retrieved2018-04-22.
  4. ^The Atlas Method,World Bank.
  5. ^"The Interim Measure for calculating financial contributions: review of cut-off points defining capacity-to-pay groups"(PDF).Agenda item 4. 2008-06-04. Archived fromthe original(PDF) on 2015-09-10. Retrieved2012-07-13.
Economic classification of countries
Three/Four-World Model
Gross domestic product (GDP)
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Purchasing
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Gross national income andIncome
Wages andsalary
Wealth
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Human development
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