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A high-income economy is defined by the
World Bank The World Bank is an international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its o ...
as a nation with a
gross national income The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP Gross domestic product (GDP) is a mone ...
per capita of US$12,696 or more in 2020, calculated using the
Atlas method The Atlas method is a method used by the World Bank The World Bank is an international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one count ...
. While the term "high-income" is often used interchangeably with "
First World The concept of First World originated during the Cold War The Cold War was a period of geopolitical tension between the Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a Federalism, ...
" and "
developed country A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state A sovereign state is a polity, political entity represented by one centralized governm ...
," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the
U.S. The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country primarily located in North America North America is a continent entirely within the Northern Hemisphere and almost all ...

U.S.
and
NATO The North Atlantic Treaty Organization (NATO, ; french: Organisation du traité de l'Atlantique nord, ), also called the North Atlantic Alliance, is an intergovernmental military alliance A military alliance is a formal agreement betwe ...
during the
Cold War The Cold War was a period of geopolitical Geopolitics (from Greek#REDIRECT Greek Greek may refer to: Greece Anything of, from, or related to Greece Greece ( el, Ελλάδα, , ), officially the Hellenic Republic, is a country loc ...
. Several institutions, such as the
Central Intelligence Agency The Central Intelligence Agency (CIA; ), known informally as the Agency and the Company, is a civilian foreign intelligence service of the federal government of the United States The federal government of the United States (U.S. fed ...
(CIA) or
International Monetary Fund The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument The ...

International Monetary Fund
(IMF), take factors other than high
per capita income Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population. Per capita i ...
into account when classifying countries as "developed" or "advanced economies." According to the
United Nations The United Nations (UN) is an intergovernmental organization aiming to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harm ...

United Nations
, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. Although the
Vatican City Vatican City (), officially the Vatican City State ( it, Stato della Città del Vaticano; la, Status Civitatis Vaticanae),—' * german: Vatikanstadt, cf. '—' (in Austria: ') * pl, Miasto Watykańskie, cf. '—' * pt, Cidade do Vatica ...

Vatican City
is a
sovereign state A sovereign state is a political entity A polity is an identifiable political entity—any group of people who have a collective identity, who are organized by some form of Institutionalisation, institutionalized social relation, social relatio ...
, it is not classified by the World Bank under this definition.


List of high-income economies (as of 2022 fiscal year)

According to the World Bank the following 80 countries (including territories) are classified as "high-income economies."Country and Lending Groups.
World Bank The World Bank is an international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its o ...
. Accessed on July 1, 2021.
In brackets are the year(s) during which they held such classification; classifying began in 1987. As of the 2022 fiscal year, high-income economies are those that had a GNI per capita of $12,696 or more in 2020.Country and Lending Groups.
World Bank The World Bank is an international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its o ...
. Accessed on July 1, 2021.


High income UN members

* (1990–present) * (2002, 2005–08, 2012–present) * (1987–present) * (1987–present) * (1987–present) * (1987–89, 2001–present) * (1989, 2000, 2002, 2006–present) * (1987–present) * (1987, 1990–present) * (1987–present) * (2012–present) * (2008–2015, 2017–present) * (1988–present) * (2006–present) * (1987–present) * (2006–present) * (1987–present) * (1987–present) * (1987–present) * (1996–present) * (2007–11, 2014–present) * (1987–present) * (1987–present) * (1987–present) * (1987–present) * (1987–present) * (1993–97, 1999–present) * (1987–present) * (2009, 2012–present) * (1994–present) * (2012–present) * (1987–present) * (1989, 1998, 2000, 2002–present) * (1994–present) * (2015, 2019–present) * (1987–present) * (1987–present) * (1987–present) * (2007–present) * (2016–present) * (2009–present) * (1994–present) * (1987–present) * (2012–present) * (1991–93, 2000–present) * (1987–89, 2003–present) * (2014–present) * (1987–present) * (2007–present) * (1997–present) * (1987–present) * (1987–present) * (1987–present) * (2006–present) * (1987–present) * (1987–present) * (1987–present) * (2012–present)


High income non-UN members

* (1987–present) * (1987–present) * (2015–present) * (1993–present) * /
Channel Islands The Channel Islands ( nrf, Îles d'la Manche; french: îles Anglo-Normandes or ''îles de la Manche'') are an archipelago An archipelago ( ), sometimes called an island group or island chain, is a chain, cluster or collection of island ...

Channel Islands
(1987–present) * (2016–present) * (1994–present)a * (1987–present) * (1990–present) * (2009–10, 2015–present) * (1987–present) * (1987–89, 1995–present) * SAR (1987–present) * (1987–89, 2002–present) * SAR (1994–present) * (1995–present) * (1995–2001, 2007–present) * (1989, 2002–present) * (2010–present) * (1994–present)a * (1987–present) * (2009–present) * (1987–present)


Former high-income economies

The year(s) during which they held such classification is/are shown in parenthesis. * (2013, 2015, 2017) * (1987–89) * (2007–14) * (2019) * (1994–2009)b * (2017–2019) * (2019) * (2012–14) * (2014) a Between 1994 and 2009, as a part of the . b Dissolved on 10 October 2010. Succeeded by
Curaçao Curaçao ( ; ; pap, Kòrsou, ) is a Lesser Antilles The Lesser Antilles ( es, link=no, Antillas Menores; french: link=no, Petites Antilles; pap, Antias Menor; nl, Kleine Antillen) are a group of islands in the Caribbean Sea The Cari ...
and
Sint Maarten Sint Maarten (, ) is a constituent country of the Kingdom of the Netherlands , national_anthem = ) , image_map = Kingdom of the Netherlands (orthographic projection).svg , map_width = 250px , image_map2 = File:KonDerNed-10-10-10.png , ...

Sint Maarten
.


Historical thresholds

The high-income threshold was originally set in 1989 at
US$ The United States dollar (symbol A symbol is a mark, sign, or word In linguistics, a word of a spoken language can be defined as the smallest sequence of phonemes that can be uttered in isolation with semantic, objective or pragmatics, ...
6,000 in 1987 prices. Thresholds for subsequent years were adjusted taking into account the average
inflation In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a r ...

inflation
in the (
the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

the United States
,
the United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed. The Guardian' and Telegraph' use Britain as a synonym for the United Kingdom. Some prefer to use Britain as shorth ...

the United Kingdom
,
Japan Japan ( ja, 日本, or , and formally ) is an island country An island country or an island nation is a country A country is a distinct territory, territorial body or political entity. It is often referred to as the land of an in ...

Japan
,
Germany ) , image_map = , map_caption = , map_width = 250px , capital = Berlin Berlin (; ) is the Capital city, capital and List of cities in Germany by population, largest city of Germany by both area and population. Its 3,769,495 inh ...

Germany
, and
France France (), officially the French Republic (french: link=no, République française), is a transcontinental country This is a list of countries located on more than one continent A continent is one of several large landmasses ...

France
), and from 2001, that of
Japan Japan ( ja, 日本, or , and formally ) is an island country An island country or an island nation is a country A country is a distinct territory, territorial body or political entity. It is often referred to as the land of an in ...

Japan
, the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed. The Guardian' and Telegraph' use Britain as a synonym for the United Kingdom. Some prefer to use Britain as shorth ...

United Kingdom
, the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

United States
, and the
eurozone The eurozone, officially called the euro area, is a monetary union of 19 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (euro sign, €) as their primary currency and sole legal tender. T ...

eurozone
. Thus, the thresholds remain constant in real terms over time. To ensure no country falls right on the threshold, country data are rounded to the nearest 10 and income thresholds are rounded to the nearest 5. The following table shows the high-income threshold from 1987 onwards. Countries with a
GNI per capita This is a list of countries by gross national income The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic p ...

GNI per capita
(calculated using the Atlas method) above this threshold are classified by the World Bank as "high-income economies."


See also

* High income OECD country *
Developed country A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state A sovereign state is a polity, political entity represented by one centralized governm ...
*
Developing country A developing country is a sovereign state A sovereign state is a polity, political entity represented by one centralized government that has sovereignty over a geographic area. International law defines sovereign states as having a perman ...
*
Least developed countries The least developed countries (LDCs) are a list of developing countries 450px, Example of Older Classifications by the IMF and the United Nations, UN from 2008 A developing country is a country with a less developed industrial base an ...
*
Global North and Global South The concept of Global North and Global South (or North–South divide in a global context) is used to describe a grouping of countries along socio-economic Socioeconomics (also known as social economics) is the social science that studies ho ...

Global North and Global South


References

{{Global economic classifications Economic country classifications Politics by region