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World Bank classifies Zimbabwe as lower-middle-income country
03 Jul 2022 at 19:05hrs | Views
The World Bank has classified Zimbabwe as lower-middle-income country for the current 2023 fiscal year.
The Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high income.
The classifications are updated each year on July 1 and are based on the GNI per capita of the previous year (2021).
For the current 2023 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,085 or less in 2021; lower middle-income economies are those with a GNI per capita between $1,086 and $4,255; upper middle-income economies are those with a GNI per capita between $4,256 and $13,205; high-income economies are those with a GNI per capita of $13,205 or more.
The Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high income.
For the current 2023 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,085 or less in 2021; lower middle-income economies are those with a GNI per capita between $1,086 and $4,255; upper middle-income economies are those with a GNI per capita between $4,256 and $13,205; high-income economies are those with a GNI per capita of $13,205 or more.
Source - online
