Myanmar has risen from a low-income country to a lower-middle income country in the World Bank’s annual rankings.
The organization measures economic performance in countries across the globe to determine an estimate of Gross National Income per capita (GNI).
Bangladesh, Kenya and Tajikistan also moved up to the lower-middle income bracket, for nations with yearly income levels at between $1,046 and $4,125 per resident.
Regionally, Cambodia is still low-income, Vietnam is lower-middle income, Thailand is classified as upper-middle income and Singapore is high-income.
Malawi has the lowest GNI at $250 while Monaco has the highest at more than $100,000.
The Maldives and Mongolia showed the biggest growth while Oman and Timor-Leste fell fastest.
For the 2016 fiscal year, the World Bank used these definitions for its classifications:
Low-income: GNI per capita of $1,045 or less.
Middle-income: GNI per capita of $12,736 or less.
High-income: GNI per capita of $12,736 or more.
Photo: Wikicommons
