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Income levels of countries. This is a list of countries or dependencies by income inequality metrics including gini coefficients. 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. It consists of earnings self employment and capital income and public cash transfers. Income is defined as household disposable income in a particular year.
Updated thresholds new thresholds are determined at the start of the world bank s fiscal year in july and remain fixed for 12 months regardless of subsequent revisions to estimates. Updated country income classifications are available here. Yes those four levels do not map neatly onto countries. Countries by nominal gni per capita according to the atlas method 2018.
Region country region income level 1 africa angola low 2 africa benin low 3 africa botswana low 4. 1 2020 iahr list of regions countries and income levels based on world bank country and lending groups retrieved on january 9 2020 no. Average income around the world the worldwide highest income is earned in monaco. The first table lists countries by the percentage of their population with an income of less than 1 90 the extreme poverty line 3 20 and 5 50 us dollars a day in 2011 international ppp prices.
The smallest budget per capita exists in the democratic republic of the congo. The gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income. Surcharges are applied for lending rates of countries which have been categorized as high income for two consecutive years. The definition of middle income can easily mislead because it doesn t mean half of what we have.
2019 in this case. That s why we need to keep an eye on other. Income taxes and social security contributions paid by households are deducted. This is a list of countries by gross national income per capita in 2019 at nominal values according to the atlas method an indicator of income developed by the world bank.
Lots of inequality of income within as well between countries.
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