Thanks for keeping this important tool up to date. Southeast Asia’s biggest economy saw its GNI per capita rise to US$4,050 in 2019, surpassing the income threshold for upper-middle income, from $3,840 in 2018. United Nations projections are also included through the year 2100. Việt Nam is seen sustaining a growth rate of about 6 per cent in 2035 thanks to strong exports. Upper-middle income countries must have at least a ‘high’ burden of disease4 to be eligible for Global Fund financing5. Medicines Patent Pool expands deal for access to key HIV drug to several upper middle-income countries. Note that these are preliminary estimates and may be revised. Vietnam may become upper-middle-income country in 2023: Japanese centre (nationthailand.com), Dec 17. Do these changes impact the ICP 2017 Report on the global share of the world's economy? July 02, Colombo: The World Bank has downgraded Sri Lanka to a lower-middle income country exactly a year after upgrading to an upper-middle income country. With its per capita GDP above US$10,000 and a middle-income group exceeding 400 million, China is already an upper middle-income economy by the World Bank standard. Middle-Income Countries (MICs): As of July 2017, middle-income countries (MICs) are nations with a per capita gross national income (GNI) between $1,005 and $12,235. I hope India will become a high income countries in future . 2020 A tra catfish processing line for export. See how factors like economic growth, inflation, influence GNI per capita and more weigh into these levels. Basic Education, Industrialization are the key two factors you can use to measure economic class in a country. The World Bank groups economies into one of four categories: low The median income of upper class households was $187,872. The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. To keep the income classification thresholds fixed in real terms, they are adjusted annually for inflation. . The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Change ), You are commenting using your Facebook account. The survey found that 36% of lower-income adults and 28% of middle-income adults said they had lost a job or taken a pay cut due to the coronavirus outbreak, compared with 22% of upper-income adults. Chart and table of Upper Middle Income population from 1950 to 2020. Nevertheless, I would like to understand the methodology usually used to collect and analyse the data in developing countries given the majority of small business are still informally organized. Very useful, although my country, DRCongo, still low-income one. Objective: To synthesize the available data on the economic burden of Coronavirus Diseases 2019 (COVID-19), Severe Acute Respiratory Syndrome (SARS), Middle East Respiratory Syndrome (MERS), Influenza-Like Illness (ILI), Respiratory Syncytial Virus (RSV)-related Acute Respiratory Infection (ARI), and Parainfluenza Virus type III (PIV3)-related ARI in Upper-Middle-Income Countries … Updated country income classifications are available here. Unlike what is often taken for granted, the development trajectory of these countries is far from a guaranteed linear path. Upper-middle-income countries in the MENA group include Iran, Iraq, Jordan, Lebanon, and Libya. not only in incomes but also a better performance of the India in HDI report. All low and lower-middle income countries are eligible, regardless of disease burden. ( Log Out /  The updated data on GNI per capita data for 2019 can be accessed. Each year, the CSC invites selected nominating bodies to submit a specific number of nominations. Not happy with where you fall in this? For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); #SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation. Seeing how countries’ income classifications change each year can be a valuable input for future economic planning. Medicines Patent Pool expands deal for access to key HIV drug to several upper middle-income countries. In the World Bank’s classification, upper middle-income economies are those with a gross national income (GNI) per capita of USD3,996 to USD12,375. Dec 17. https://www.linkedin.com/in/nada-hamadeh-2645492/, In each country, factors such as economic growth, inflation, exchange rates, and population growth influence GNI per capita. Data for GNI, GNI per capita, GDP, GDP PPP, and Population for 2019 are now available on the World Bank's Open Data Catalog. A rush to graduate and cease multilateral development bank activities in upper-middle income countries would come at a higher cost than assumed. 2019 in this case). ( Log Out /  This is cached page on VietNam Breaking News. — VNA/VNS Photo Vu Sinh The Japan Centre for Economic Research (JCER) has predicted that Viet Nam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 ().Middle income countries are home to 75% of the world’s population and 62% of the … High-income countries in the MENA group include … ... 2020 … Helping hands and being innovative. Together we can eradicate poverty. If inflation rate is not factored in determining the GNIper capita ,the ranking may not necessarily reflect the actual living conditions and standards of living of the countries considered in your ranking. The report also included a severe scenario that describes an outcome in which the coronavirus not only damages today’s economy but also affects urbanisation, trade openness, research and development (R&D) spending, and a host of other factors, undermining countries’ potential growth rates over the medium term. Thus, the GNI numbers that are used for this year’s classification do not yet reflect the impact of COVID-19. What about the case of dropping to a lower level does happen. A few resources that you should check out: For Sudan, the GNI series for 2009-2018 has been revised as a result of revisions to the exchange rates. The rest of the country of course is made up of the “lower class” and “upper class.” 29% of the country falls into the “lower class” with a median income of $25,624 as of 2016. Vietnam may become upper-middle-income country in 2023: Japanese centre (nationthailand.com) Vietnam may become upper-middle-income country in 2023: Japanese centre. [CDATA[// >