🌐 Each year, the World Bank updates its country income classifications—low, lower-middle, upper-middle, and high income—based on the previous year’s Gross National Income (GNI) per capita. These classifications not only reflect a country’s development status but also shape access to development aid and concessional financing. See the regional updates and learn more! worldbank.org/data [LINK IN BIO]⁠ ⁠ #economicgrowth #internationaldevelopment #worldeconomy #globalgrowth #economicdevelopment #economictrends #worldbank