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World Bank income groups

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Economic Growth

What you should know about this indicator

  • The World Bank creates a yearly classification of countries by income, for all countries with population over 30,000.
  • This classification stays the same throughout the fiscal year (from July 1 to June 30) even if the income data for a country changes.
  • Low-income countries are those with a gross national income (GNI) per capita of $1,145 or less in 2023.
  • Lower-middle-income countries are those with a GNI per capita between $1,146 and $4,515 in 2023.
  • Upper-middle-income countries are those with a GNI per capita between $4,516 and $14,005 in 2023.
  • High-income countries are those with a GNI per capita of more than $14,005 in 2023.

For the current 2025 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,145 or less in 2023; lower middle-income economies are those with a GNI per capita between $1,146 and $4,515; upper middle-income economies are those with a GNI per capita between $4,516 and $14,005; high-income economies are those with more than a GNI per capita of $14,005.

Please note: Regions in this table include economies at all income levels. The term country, used interchangeably with economy, does not imply political independence but refers to any territory for which authorities report separate social or economic statistics. Click here for information about how the World Bank classifies countries.

World Bank income groups
Income classification based on the country's income each year.
Source
World Bank (2024) – with major processing by Our World in Data
Last updated
July 29, 2024
Next expected update
July 2025
Date range
1987–2023

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Sources and processing

This data is based on the following sources

Retrieved on
July 29, 2024
Retrieved from
https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
World Bank - Income classifications (2024).

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Citations

How to cite this page

To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:

“Data Page: World Bank income groups”, part of the following publication: Max Roser, Pablo Arriagada, Joe Hasell, Hannah Ritchie and Esteban Ortiz-Ospina (2023) - “Economic Growth”. Data adapted from World Bank. Retrieved from https://ourworldindata.org/grapher/world-bank-income-groups [online resource]
How to cite this data

In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:

World Bank (2024) – with major processing by Our World in Data

Full citation

World Bank (2024) – with major processing by Our World in Data. “World Bank income groups” [dataset]. World Bank, “Income Classifications” [original data]. Retrieved November 23, 2024 from https://ourworldindata.org/grapher/world-bank-income-groups