Household Income World Bank
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For this purpose it uses gross national income gni per capita data in u s.
Household income world bank. Updated country income classifications for the world bank s 2020 fiscal year are available here. Our programs the lsms strives to keep its programs aligned with the shifting global needs in policy and analytical priorities as well as the latest advances in technology and survey methodology. Low lower middle upper middle and high income. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd.
The world bank s flagship household survey program since 1980. Launched in 2011 it includes more than 100 financial inclusion indicators in a format allowing users to compare access to financial services among adults worldwide including by gender age and household income. Average income around the world the worldwide highest income is earned in monaco. The smallest budget per capita exists in the democratic republic of the congo.
The average income is calculated by gross national income and population. The main purpose of the household income expenditure survey hies 2016 was to offer high quality and nationwide representative household data that provided information on incomes and expenditure in order to update the consumer price index cpi improve national accounts statistics provide agricultural data and measure poverty as well as other socio economic indicators. Dollars converted from local currency using the world bank atlas method which is applied to smooth exchange rate fluctuations. The world bank classifies the world s economies into four income groups high upper middle lower middle and low.
The world by income classified according to world bank estimates of 2016 gni per capita current us dollars atlas method low income less than 1 005 lower middle income 1 006 3 955 upper middle income 3 956 12 235 high income more than 12 235 no data. Household income consumption and expenditure survey 1999 2000 world bank ship harmonized dataset ethiopia 1999 2000. The global findex database is the world s most comprehensive set of data on how people make payments save money borrow and manage risk. Central statistical authority csa created on september 26 2013 last modified september 26 2013 page views 66859 download 104012 metadata ddi xml json.
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