![]() Haiti has published an improved series of national accounts statistics in July 2020, with revised GDP substantially higher than previously published. While the World Bank’s income classification reflects the impact of COVID-19 in 2020, three countries are moving to a higher category for different reasons: see comments below. The table below lists the ten economies that are moving to a different category this year. ![]() The new thresholds (for GNI per capita in current USD, Atlas method) are as follows: This year, the thresholds moved up in line with this inflation measure. The Special Drawing Rights (SDR) deflator is used, which is a weighted average of the GDP deflators of China, Japan, the United Kingdom, the United States, and the Euro Area. To keep the income classification thresholds fixed in real terms, they are adjusted annually for inflation.The updated data on GNI per capita data for 2020 can be accessed here. Revisions to national accounts methods and data can also have an influence in specific cases. ![]() In each country, factors such as economic growth, inflation, exchange rates, and population growth influence GNI per capita.The classifications change for two reasons: ![]() The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. The World Bank assigns the world’s economies to four income groups-low, lower-middle, upper-middle, and high-income countries. Updated country income classifications are available here. ![]()
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