World Bank releases country income classifications

Seven countries promoted, while Jordan falls a category due to population growth

The World Bank
The World Bank, Washington, DC

The World Bank published its country income classifications for 2023–24 on June 30.

It sorts more than 210 countries and territories into four income classes: low, lower-middle, upper-middle and high, defined by gross national income per capita. The new classification changed the categories for a small number of few states and territories.

The boundaries for each tranche were increased by somewhat less than 5% to account for inflation. The upper boundary of the low income category increased

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