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High-Income Countries 2024

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, known as World Bank Country and Lending Groups, based upon their Gross National Income (GNI) per capita. For the 2023 financial year, the WBC Lending Group boundaries are as follows:

  • Upper-middle-income economies — GNI per capita of $4,256 to $13,205
  • High-income economies — GNI per capita of $13,206 or more

For the 2023 financial year, the World Bank placed 81 countries in the high-income category. Many countries, such as the United States, have consistently ranked as high income since the 1980s, but others have moved in or out. For instance, the 2023 group sees the addition of Panama and Romania, but the loss of Palau, which was reclassified as an upper-middle-income country. Some former high-income countries, such as Russia and Venezuela, slipped to a lower bracket in past years and have yet to regain the high-income classification.

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 gross national income (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.

  • World Bank's income categories are updated annually, at the start of each financial year, and are based upon the most recently released data, which tends to be 1.5 years previous.
  • For example, the 2024 financial year rankings (table 1, below) were released in mid-2023 and are based upon data from the 2022 calendar year.
  • World Bank GNI per capita income thresholds for FY2024:
  • Low income: <= 1,135
  • Lower middle income: 1,136-4,465
  • Upper middle income: 4,466-13,845
  • High income: > 13,845

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Country
Lending Group
GNI per Capita, Atlas 2022 (USD)
GNI per Capita, PPP 2022 (current INT$)
Most recent data year
BermudaHigh$125,21098,6402022
LiechtensteinHigh$116,6002009
NorwayHigh$95,520118,4702022
SwitzerlandHigh$95,49082,9402022
LuxembourgHigh$89,20094,7202022
IrelandHigh$79,73091,0902022
Isle of ManHigh$79,3002020
United StatesHigh$76,77077,9502022
Faroe IslandsHigh$74,4202022
DenmarkHigh$73,52077,3702022
QatarHigh$70,120110,0502022
IcelandHigh$68,66065,9202022
SingaporeHigh$67,200107,0702022
SwedenHigh$63,50067,6302022
Cayman IslandsHigh$62,00052,9902021
AustraliaHigh$60,84060,8302022
NetherlandsHigh$60,23070,2102022
AustriaHigh$55,72067,8302022
IsraelHigh$55,14049,3302022
FinlandHigh$54,93059,9702022
Hong KongHigh$54,37073,9602022
GermanyHigh$54,03065,9902022
BelgiumHigh$53,89066,4902022
CanadaHigh$52,96057,7602022
United KingdomHigh$49,24055,2102022
United Arab EmiratesHigh$49,16088,0502022
New ZealandHigh$49,09050,9102022
San MarinoHigh$47,12061,0602021
FranceHigh$45,29056,3702022
AndorraHigh$44,3502021
MacauHigh$43,68073,1702022
JapanHigh$42,44048,4802022
KuwaitHigh$40,60067,2002022
ItalyHigh$38,20053,2802022
New CaledoniaHigh$37,3702021
South KoreaHigh$36,19051,0702022
Sint MaartenHigh$35,26048,3602022
GreenlandHigh$34,8002007
ArubaHigh$33,41047,0602022
MaltaHigh$32,86050,2302022
SpainHigh$32,09046,5502022
CyprusHigh$31,52047,4702022
BahamasHigh$31,52038,8202022
BruneiHigh$31,41067,7602022
SloveniaHigh$29,59047,3702022
BahrainHigh$27,72058,5402022
Saudi ArabiaHigh$27,68059,8702022
EstoniaHigh$27,12045,2002022
Czech RepublicHigh$26,10046,8902022
PortugalHigh$25,95041,2902022
Turks and Caicos IslandsHigh$25,24024,4102022
Puerto RicoHigh$24,56027,8402022
LithuaniaHigh$23,87047,1202022
SlovakiaHigh$22,07036,8402022
LatviaHigh$21,85039,2302022
GreeceHigh$21,81036,6902022
OmanHigh$20,02038,6402022
Saint Kitts and NevisHigh$20,02032,6202022
CroatiaHigh$19,60040,6102022
BarbadosHigh$19,49017,4802022
Antigua and BarbudaHigh$19,05025,5502022
HungaryHigh$19,01040,4502022
PolandHigh$18,90042,3902022
French PolynesiaHigh$18,5602000
CuracaoHigh$18,06023,4102021
UruguayHigh$18,00026,2502022
NauruHigh$17,80019,6302022
PanamaHigh$16,96037,5402022
Trinidad and TobagoHigh$16,19026,2602022
RomaniaHigh$15,57040,0302022
ChileHigh$15,36028,5502022
GuyanaHigh$14,92038,2502022
GuamHigh
United States Virgin IslandsHigh
Northern Mariana IslandsHigh
American SamoaHigh
MonacoHigh
GibraltarHigh
Saint MartinHigh
British Virgin IslandsHigh
showing: 80 rows

Download Table Data

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Country
Lending Group
GNI per Capita, Atlas (current US$) 2021
GNI per Capita, PPP (current INT$) 2021
Most recent data year
BermudaHigh$120,020$90,4902021
LiechtensteinHigh$116,600
SwitzerlandHigh$90,810$75,9602021
LuxembourgHigh$87,610$90,1802021
NorwayHigh$83,190$83,7502021
Isle of ManHigh$79,300
IrelandHigh$76,120$80,8702021
United StatesHigh$70,900$71,1302021
Faroe IslandsHigh$69,840
DenmarkHigh$69,780$68,7002021
IcelandHigh$63,180$55,5202021
SingaporeHigh$63,000$99,4202021
QatarHigh$62,400$100,9302021
Cayman IslandsHigh$62,000$52,9902021
SwedenHigh$60,700$62,7802021
NetherlandsHigh$58,170$65,5202021
AustraliaHigh$57,240$55,5702021
Hong KongHigh$54,370$70,8402021
FinlandHigh$53,350$55,6302021
AustriaHigh$53,150$60,7602021
GermanyHigh$52,050$61,3302021
BelgiumHigh$51,060$60,1402021
IsraelHigh$49,350$43,4602021
CanadaHigh$48,720$52,7202021
San MarinoHigh$47,120$61,0602021
MacauHigh$46,350$73,1802021
New ZealandHigh$45,770$47,1402021
United KingdomHigh$45,550$50,6402021
AndorraHigh$44,350
FranceHigh$43,810$52,5102021
United Arab EmiratesHigh$43,590$77,1402021
JapanHigh$43,450$44,9102021
New CaledoniaHigh$37,370
ItalyHigh$36,420$48,2002021
South KoreaHigh$35,200$47,6002021
KuwaitHigh$34,850$59,1302021
GreenlandHigh$34,800
Sint MaartenHigh$30,830$41,3302021
MaltaHigh$30,770$45,6302021
BruneiHigh$30,320$66,7702021
ArubaHigh$30,180$39,9502021
SpainHigh$30,090$41,5002021
CyprusHigh$29,490$42,0602021
SloveniaHigh$28,370$43,5002021
BahamasHigh$27,870$32,1402021
EstoniaHigh$26,270$42,4102021
BahrainHigh$24,720$51,3702021
Czech RepublicHigh$24,530$43,7702021
Saudi ArabiaHigh$24,030$52,5002021
PortugalHigh$23,960$36,3602021
Turks and Caicos IslandsHigh$23,010$21,9202021
Puerto RicoHigh$22,460$24,8002021
LithuaniaHigh$21,850$42,3702021
SlovakiaHigh$20,670$33,5302021
GreeceHigh$20,010$31,2402021
LatviaHigh$19,910$34,1202021
French PolynesiaHigh$18,560
Saint Kitts and NevisHigh$18,430$27,9702021
CuracaoHigh$18,060$23,4102021
NauruHigh$18,010$19,4802021
OmanHigh$17,960$35,2802021
CroatiaHigh$17,750$35,4602021
HungaryHigh$17,740$35,5702021
PolandHigh$16,910$36,5102021
BarbadosHigh$16,710$14,6902021
Antigua and BarbudaHigh$16,430$21,7302021
UruguayHigh$16,180$23,1402021
Trinidad and TobagoHigh$14,850$25,3302021
ChileHigh$14,800$26,6802021
PanamaHigh$14,590$31,0002021
RomaniaHigh$14,190$35,4002021
showing: 71 rows

High-Income Countries 2024

Which countries are considered high-income?

High-income countries are those that have a gross national income per capita of $13,206 in 2023. Globally, 81 countries qualify for this category.

Frequently Asked Questions

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