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Home  Earth Continents Countries of the World
Country Economies Classification       |
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___ Classification of Economies of CountriesThis page compares the purchasing power of countries by GNI per capita and PPP (Purchasingpower parity) per year in international Dollars. A method of measuring the relative purchasing power of different countries, this means you can roughly compare your year's salary with them of citizens of another country. The World Bank classifies economies of countries as low income, middle income (subdivided into lower middle and upper middle), or high income. The main criterion for classifying economies is the gross national income (GNI) per capita. Other analytical groups, based on geographic regions and levels of external debt, are also used. GNI per person, the purchasing power of a citizen, is often used as a measure of people's welfare. But the classification by income does not necessarily reflect the development status of a country. Have in mind, that some countries with a biased income distribution may have a relatively high per-capita GNI while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. Low-income Economies | Lower-middle-income Economies Upper-middle-income Economies | High-income Economies |
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| Additional Information Related Categories: Least
Developed Countries List of Least Developed Countries (LDCs) Landlocked
Developing CountriesList of Landlocked Developing Countries (LLDCs). Human
Development IndexCountries categorized by standards of the UN Human Development Index. Rich
and poor countriesCategories of development of countries in the world today. First, Second and Third WorldA list of states of the first, second and the third world, with an explanation of the terms. Compare this page with: National
Economic Accounts for Countries and RegionsA list of countries and regions in comparison of their gross national income based on World Economic Outlook Database of IMF -- International Monetary Fund. |
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Countries of the World: A - C | D - G
| H - L | M - P
| Q - T | U - Z
Continents: Africa | The Americas | Asia | Australia/Oceania | Europe |
| The Country Economies Classification page was last modified on: Sunday, 24-Feb-2008 05:03:43 CET |
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