2026-2027 World Bank Group Country Income Classifications: Who moves up and why? #economicgrowth

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Each year, the World Bank Group updates the classifications according to gross national income per capita estimates from the previous calendar year, placing the economies assessed into four income groups: low, lower-middle, upper-middle, and high. From the 218 economies analyzed for 2026-2027, six countries moved into a higher income category, and none moved down. Country income classifications help shape development policies, influence eligibility for concessional financing and official development assistance, and provide a framework for understanding economic progress. ⁠

????️⁠ Kathryn Elizabeth Young, Tamirat Yacob, Shwetha Grace Eapen; Development Data Group, World Bank Group⁠

ABOUT THE WORLD BANK ???? The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org
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world bank, international development, poverty
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