World Classification Of Economies

The World Bank has classified the economies of the world on the basis of income and region for the year 2006. This is a classification of all the member countries of the and other economies with populations more than 30,000. The groups made are as follows:

• Lower Income Economies (with $825 or less)
• Lower Middle Income Economies (With $826-3,255)
• Upper Middle Income Economies (With $3,256-10,065) and
• High Income Economies (With $10,066 or More)

Classification is made among the income groups as to 2004 GNI per capita and regions by using the World Bank Atlas Method.

• East Asia and Pacific
• Europe and Central Asia
• Latin America and the Caribbean
• Middle East and North Africa
• South Asia
• Sub Saharan Africa
• High Income OECD
• Other High Income

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