Classifying Countries by level of development

The latest World Bank economic classification of countries has been used.
These are
  • HIC – High income country,
  • MIC – Medium income country,
  • LIC – Low income country.

These are based on the GNI - Gross National Income per capita.
Gross national income (GNI) comprises the total value produced within a country (Gross Domestic Product (GDP)), together with its income received from other countries (mainly interest and share dividends), less similar payments made to other countries and is thought to be a better measure of how well off a country is than the GDP.

The 3 levels for 2008 - these do change over time are as follows:
Countries with a GNI per capita of $11,456 or more are described as high income countries, between $975 and $11,455 as middle income, and for lower income countries less than $975 per person per year.

Classification of Economies by Income and Region, 2008
High Income Countries
Middle Income Countries
Low Income Countries
Australia
Albania
Mexico
Afghanistan
Austria
Algeria
Moldova
Bangladesh
Belgium
Angola
Mongolia
Benin
Canada
Argentina
Montenegro
Burkina Faso
Channel Islands
Armenia
Morocco
Burundi
Cyprus
Belarus
Namibia
Cambodia
Czech Republic
Belize
Nicaragua
Central African Republic
Denmark
Bolivia
Panama
Chad
Equatorial Guinea
Bosnia and Herzegovina
Paraguay
Congo, Dem. Rep.
Estonia
Botswana
Peru
Côte d'Ivoire
Finland
Brazil
Philippines
Eritrea
France
Bulgaria
Poland
Ethiopia
Germany
Cameroon
Romania
Gambia, The
Greece
Chile
Russian Federation
Ghana
Greenland
China
Samoa
Guinea
Hong Kong, China
Colombia
Serbia
Guinea-Bissau
Hungary
Congo, Rep.
Seychelles
Haiti
Iceland
Costa Rica
South Africa
Kenya
Ireland
Croatia
Sri Lanka
Korea, Dem. Rep.
Isle of Man
Cuba
St. Lucia
Kyrgyz Republic
Israel
Ecuador
Sudan
Lao PDR
Italy
Egypt, Arab Rep.
Suriname
Liberia
Japan
El Salvador
Swaziland
Madagascar
Korea, Rep.
Fiji
Syrian Arab Republic
Malawi
Kuwait
Gabon
Thailand
Mali
Liechtenstein
Georgia
Tonga
Mozambique
Luxembourg
Grenada
Tunisia
Myanmar
Malta
Guatemala
Turkey
Nepal
Netherlands
Guyana
Turkmenistan
Niger
New Zealand
Honduras
Ukraine
Nigeria
Norway
India
Uruguay
Pakistan
Oman
Indonesia
Vanuatu
Papua New Guinea
Portugal
Iran, Islamic Rep.
Venezuela, RB
Rwanda
Puerto Rico
Iraq
West Bank and Gaza
Senegal
Qatar
Jamaica

Sierra Leone
San Marino
Jordan

Solomon Islands
Saudi Arabia
Kazakhstan

Somalia
Singapore
Latvia

Tanzania
Slovak Republic
Lebanon

Uganda
Slovenia
Lesotho

Vietnam
Spain
Libya

Yemen, Rep.
Sweden
Lithuania

Zambia
Switzerland
Macedonia, FYR

Zimbabwe
Trinidad and Tobago
Malaysia


United Arab Emirates
Maldives


United Kingdom
Marshall Islands


United States
Mauritius