How many countries are low and middle-income?

How many countries are low and middle-income?

There are 53 lower-middle income economies and 56 upper-middle economies. The diverse nature of these 109 MICs means that the challenges facing many of them are quite different.

Which countries are considered as low middle-income countries?

Lower middle income

  • Algeria.
  • Angola.
  • Bangladesh.
  • Belize.
  • Benin.
  • Bhutan.
  • Bolivia.
  • Cabo Verde.

Is India a low income country 2021?

World Bank country classifications by income level: The World Bank classifies the countries based on GNI every year on July 1. In this year’s list, India continues to be classified as the lower-middle-income country.

Is Pakistan low or middle-income country?

Pakistan is one of the most populous countries across the globe, with a density of 275.3 inhabitants per square kilometer. A lower-middle-income country, its total real GDP per capita was US$1,533 in 2019, making it the 122nd highest by global comparison.

Is Philippines a low income country?

In Southeast Asia, among the big ASEAN member countries, Malaysia, Thailand, Indonesia, the Philippines, Vietnam, are still in middle income status. Among these four countries, only the Philippines and Vietnam fall in the group of lower-middle income countries as per the estimates of income per capita in dollars.

Is South Korea a low income country?

The World Bank In Republic of Korea. Korea is one of the few countries that has successfully transformed itself from a low-income to a high-income economy and a global leader in innovation and technology.

Is USA a middle-income country?

This is because middle-income economies are diverse in their regions, sizes, populations, and income levels. Lower middle-income nations have a GNI per capita of $1,026 to $3,995….Middle Income Countries 2022.

Country 2022 Population
American Samoa 55,030
Marshall Islands 60,057
Dominica 72,344
Tonga 107,749

What is low-income India?

Low – $1,025 or less, that is Rs 70,069 or less. Lower-middle – $1,026 to $3,995, that is Rs 70,137 to Rs 2,73,098. Upper-middle – $3,996 to $12,375, that is Rs 2,73,167 to Rs 8,45,955.

Which countries have the lowest income?

Non-Muslim residents need to obtain a liquor licence to consume alcohol at home and in licenced venues only

  • Women are required to dress modestly in public – no visible underwear is allowed and swimwear should only be worn at beaches or pools
  • Cross dressing is illegal
  • Kissing or showing public displays of affection is frowned upon
  • What is the list of less economically developed countries?

    Countries with better economies are called more economically developed countries (MEDCs). Most of the world’s LEDCs are in Africa, Asia, Latin America, and the Pacific region. Some LEDCs are called least developed countries (LDCs). The United Nations has drawn up a list of more than 45 countries that it regards as LDCs. These are the

    Which countries are LMIC?

    – low income countries (similar to least developed countries) – lower-middle income countries – upper-middle income countries – high income countries (similar to developed countries)

    What are the characteristics of low income countries?

    Characteristics of Low-Income Countries.Low incomes are often associated with other characteristics: severe inequality, poor health care and education, high unemployment, heavy reliance on agriculture, and rapid population growth.