CLASSIFICATION OF ECONOMIES BY INCOME AND REGION, 1997-98.
EUROPE AND CENTRAL ASIA
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Eastern Europe and Central Asia:
Low-Income:
Armenia, Azerbaijan, Bosnia and Herzegovina, Kyrgyz Republic,
Moldova, Tajikistan.
Middle-Income (Lower)
Albania, Belarus, Bulgaria, Estonia, Georgia, Kazakstan, Latvia,
Lithuania, Macedonia FYR (former Yugoslav Republic of Macedonia),
Romania, Russian Federation, Turkmenistan, Ukraine, Uzbekistan,
Yugoslavia Fed. Rep. (Federal Republic of Yugoslavia -Serbia/
Montenegro)
Middle-Income (Upper)
Croatia, Czech Republic, Hungary, Poland, Slovak Republic,
Slovenia.
High-Income (OECD countries)
NONE
High-Income (Non OECD countries)
NONE
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Rest of Europe:
Low-Income
NONE
Middle-Income (Lower)
Turkey.
Middle-Income (Upper)
Isle of Man, Malta.
High-Income (OECD countries)
Austria, Belgium, Denmark, Finland, France, Germany, Greece,
Iceland, Ireland, Italy, Luxemburg, Netherlands, Norway, Portugal,
Spain, Sweden, Switzerland, United Kingdom.
High-Income (Non OECD countries)
Andorra, Channel, Cyprus, Faeroe Islands, Greenland,
Liechtenstein, Monaco.
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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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