World Bank high-income economy: Difference between revisions

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A high-income economy is defined by the World Bank as a country with a Gross National Income per capita of $12,196 or more in 2009.^[1] While the term "high income" may be used interchangeably with "First World" and "developed country", the technical definitions of these terms differ. The term "first world" commonly refers to those prosperous countries that aligned themselves with the U.S. and NATO during the cold war. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies". According to the United Nations, for example, some high income countries may also be developing countries. The GCC (Persian Gulf States) countries, for example, are classified as developing high income countries. Thus, a high income country may be classified as either developed or developing.^[2] The Holy See, which is often considered a sovereign state, is not classified by the World Bank under this definition.

List of high income economies

According to the World Bank the following 69 countries (including territories) are classified as "high-income economies":^[3]

References

^ "World Bank, Country Classification". Retrieved 2009-08-11.
^ "UN. (2005). UNCTAD Handbook of Statistics" (PDF). Retrieved 2007-07-09.
^ World Bank - Country Groups. Accessed on July 15, 2010.

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Revision as of 19:48, 24 January 2011

List of high income economies

References

See also