Upper Middle Class Income Countries
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Upper middle class income countries. While the middle class incomes of canada and most western european countries continued to rise even during the deep global recession that began in 2009 the u s. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. They are defined as lower middle income economies those with a gni per capita between 1 036 and 4 045. This is because middle income economies are diverse in their regions sizes populations and income levels.
There are approximately 5 billion people live within mics. As of july 2017 middle income countries mics are nations with a per capita gross national income gni between 1 005 and 12 235. Upper middle income countries have a gni per capita of 3 996 to 12 475. The world s middle income countries mics are a diverse group by size population and income level.
Mics are one of the income. 2019 in this case. 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. And upper middle income economies those with a gni per capita between 4 046 and 12 535 middle income countries are home to 75 of the world s population and 62 of the world.
Updated country income classifications are available here. Indonesia is now officially an upper middle income country an upgrade from its previous status as lower middle income according to the world bank s latest country classifications by income.
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