High-Income Countries 2022

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Arguably the single most influential factor in determining the quality of life in a given country is its economic health. The World Bank, a global organization dedicated to ending extreme poverty all over the world, divides countries into four categories based upon their Gross National Income (GNI) per capita. For the 2022 financial year, the category boundaries (in US$) are up to $1,045 GNI for low-income economies, $1,046 to $4,095 for lower-middle-income economies, $4,096 to $12,695 for upper-middle-income economies (the middle-income economies are occasionally grouped into a single category), and $12,696 or more for high-income economies.

For the 2022 financial year, the World Bank placed 80 countries in the high-income category. Many of these countries, such as the United States, have consistently ranked in this category since the 1980s. Other nations, like Saudi Arabia, started out as high-income, dropped down into a lower category, then regained their high-income status. Some former high-income countries, such as Russia and Venezuela, slipped to a lower bracket and have yet to regain the high-income classification.

Every High-Income Country and Territory in the World (World Bank 2022):

Andorra Gibraltar Palau
Antigua and Barbuda Greece Poland
Aruba Greenland Portugal
Australia Guam Puerto Rico
Austria Hong Kong Qatar
Bahamas Hungary Saint Kitts and Nevis
Bahrain Iceland Saint Martin
Barbados Ireland San Marino
Belgium Isle of Man Saudi Arabia
Bermuda Israel Seychelles
British Virgin Islands Italy Singapore
Brunei Japan Sint Maarten
Canada Kuwait Slovakia
Cayman Islands Latvia Slovenia
Channel Islands Liechtenstein South Korea
Chile Lithuania Spain
Croatia Luxembourg Sweden
Curacao Macau Switzerland
Cyprus Malta Taiwan
Czech Republic Monaco Trinidad and Tobago
Denmark Nauru Turks and Caicos Islands
Estonia Netherlands United Arab Emirates
Faroe Islands New Caledonia United Kingdom
Finland New Zealand United States
France Northern Mariana Islands United States Virgin Islands
French Polynesia Norway Uruguay
Germany Oman

GNI per capita explained

GNI per capita is essentially a measure of a nation's total income divided by the number of people in that country. A country's overall GNI is very similar to gross national product (GNP), an older metric GNI has largely replaced. GNI is calculated by starting with a country's gross domestic product (GDP), then adding money its citizens and businesses have brought in from other countries and subtracting money taken out of the economy by businesses and investors based in other countries. Once a country's GNI has been calculated, it is divided by that country's population to determine its GNI per capita. GNI offers little insight into a country's income inequality but is nonetheless considered one of the most important at-a-glance assessments of a country's economic health.

The relationship between income and development

While World Bank classifies countries by income, the United Nations groups countries by their level of overall development. There is, however, a high degree of correlation between the two systems, as development often runs parallel to income. As a rule, countries classified as high income by World Bank correspond to those deemed developed countries by the United Nations. Upper-middle- and lower-middle-income countries roughly correspond to the United Nations' developing countries, and World Bank's low-income countries list includes many of what the United Nations would consider the least-developed or (less commonly) underdeveloped countries.

High-Income Countries 2022

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High-Income Countries 2022

High-Income Countries 2022

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