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This is a list of countries by gross national income per capita in 2023 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. [1] The GNI per capita is the dollar value of a country's final income in a year, divided by its population. It should be reflecting the average before tax income of a ...
Prior to the COVID-19 pandemic, economic managers predicted the accession of the Philippine economy to upper-middle-income status by 2019, citing massive infrastructure spending and robust growth. [ 40 ] [ 41 ] [ 42 ]
Upper middle income 29.4 2020 29.42 2020 Andorra: Southern Europe: High income 27.96 2016 United Arab Emirates: Western Asia: High income 26.4 2018 25.97 2019 Argentina: South America: Upper middle income 40.7 2022 37.80 2022 Armenia: Western Asia: Upper middle income 27.9 2022 27.94 2021 Australia: Australia and New Zealand
The upper middle class consists of those in the 60th to 80th percentile of household income. The median net worth is nearly double that of the middle class. Average net worth for the upper class
"PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries." "Typically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa–Samuelson effect). Market exchange rate-based cross-country ...
The latest official figures from the U.S. Census Bureau place median household income at $74,580. The Pew Research Center defines middle-income households as those "with an income that is two ...
While the exact threshold fluctuates based on factors such as local cost of living and inflation, those in the upper middle class typically have an estimated household income of $150,000 to ...
Significant debates exist regarding the empirical validity of the "middle-income trap." [14]Other economists either find that there is no middle income trap [15] or claim that debates about a "middle-income trap" appear anachronistic: middle-income countries have exhibited higher growth rates than all others since the mid-1980s.