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World Bank: Iraq is among the middle-income countries
Economic 07/04/2024
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The World Bank Group announced yesterday, Wednesday, that Iraq has maintained its level within the upper middle-income category.
According to the bank's report for July of the current year 2024, "Iraq has maintained its level within this
category since 2012."
The bank added that it classifies the world's economies into four income groups: low-income countries, lower middle-income countries, upper middle-income countries, and high-income countries, based on the per capita share of gross national income. The gross national income measures are expressed in US dollars.
It pointed out that "all the countries of the Arabian Gulf are within the upper high-income category." The bank indicated that "this year, Bulgaria and Belarus moved from the upper middle-income category to the high-income category." Algeria, Iran, Mongolia, and Ukraine moved this year from the lower middle-income category to the upper middle- income
category .
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