Upper Middle Class Income World Bank

Updated country income classifications for the world bank s 2020 fiscal year are available here.

Upper middle class income world bank. With the right policies and timely action bangladesh can accelerate its recovery from the economic downturn and continue to progress towards upper middle income status. The world bank s esg data draft dataset provides information on 17 key sustainability themes spanning environmental social and governance categories. Oct 14 2020 the world bank has been a longstanding partner of bangladesh since its independence. Data for upper middle income turkey from the world bank.

According to a report by tehran chamber of commerce industries mines and agriculture citing the. T he world bank has incorporated iran into the group of upper middle income economies in 2019. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. The world bank classifies the world s economies into four income groups high upper middle lower middle and low.

Upper middle income from the world bank. 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. In order to shift financial flows so that they are better aligned with global goals the world bank group wbg is working to provide financial markets with improved data and analytics that shed light on countries sustainability performance. They are defined as lower middle income economies those with a gni per capita between 1 036 and 4 045.

The world s middle income countries mics are a diverse group by size population and income level. We base this assignment on gross national income gni per capita current us calculated using the atlas method.