CLASSIFICATION OF ECONOMIES BY INCOME AND REGION, 1997-98.
The World Bank
ASIA
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Middle East:
Low-Income:
Republic of Yemen.
Middle-Income (Lower)
Islamic Republic of Iran, Iraq, Jordan, Lebanon, Syrian Arab Rep.,
West Bank and Gaza.
Middle-Income (Upper)
Bahrain, Oman, Saudi Arabia.
High-Income (OECD countries)
NONE
High-Income (Non OECD countries)
Israel, Kuwait, Qatar, United Arab Emirates.
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East Asia and Pacific:
Low-Income
Cambodia, People's Republic of China, Lao PDR, Mongoli,
Myanmar (Burma), Vietnam.
Middle-Income (Lower)
Fiji, Indonesia, Kiribati, Korea DR, Marshall Islands,
Micronesia Fed. Sts., Papua New Guinea, Philippines,
Solomon Islands, Thailand, Tonga, Vanuatu, Western Samoa.
Middle-Income (Upper)
American Samoa, Malaysia.
High-Income (OECD countries)
Australia, Japan, Korea Rep., New Zealand.
High-Income (Non OECD countries)
Brunei, French Polynesia, Guam, Kong Kong (As of July 1, 1997,
Hong Kong is a part of China), Macao, New Caledonia, Northern
Mariana Islands, Singapore, OAE (Other Asian Economies -Taiwan
(China))
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South Asia:
Low-Income
Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan,
Sri Lanka.
Middle-Income (Lower)
Maldives.
Middle-Income (Upper)
NONE
High-Income (OECD countries)
NONE
High-Income (Non OECD countries)
NONE
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Definitions of groups:
For operational and analytical purposes, the World Bank's main criterion
for classifying economies is gross national product (GNP) per capita.
Every economy is classified as low-income, middle-income (subdivided
into lower-middle and upper-middle), or high-income. Other analytical
group, based on geographic regions and levels of external debt, are
also used.
Low-income and middle-income economies are sometimes referred to as
developing economies. The use of the term is convenient: it is not
intended to imply that all economies in the group are experienced
similar development or that other economies have reached a preferred or
final stage of development. Classification by income does not
necessarily reflect development status.
These tables classify all World Bank member countries as well as all
other economies with population of more than 30,000.
INCOME GROUP: Economies are divided according to 1996 GNP per capita,
calculated using the WORLD BANK ATLAS method. The groups are
low-income, $785 or less;
lower-middle-income, $786-$3,115;
upper-middle-income, $3,116-$9,635;
and high-income, $9,636 or more.
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