The median income of upper class households was $187,872. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the COVID-19 pandemic and looks at how Asian economies are faring compared with others around the world. “In 1970, when we started the New Economic Policy (NEP), Vietnam had a GDP of US$2.7 bil, trailing behind our GDP of US$3.7 bil. Albania has transformed from one of the poorest countries in Europe to an upper-middle-income country. Though we need more clarifications economy growth vs personal income. Upper-middle income countries must have at least a ‘high’ burden of disease4 to be eligible for Global Fund financing5. The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years’ classifications. Upper middle-income countries have a GNI per capita of $3,996 to $12,475. Vietnam may become upper-middle-income country in 2023: Japanese centre ( Vietnam may become upper-middle-income country in 2023: Japanese centre. National accounts revisions have played a significant role in the upward revision for Benin, Nauru and Tanzania. Viet Nam may become upper-middle-income country in 2023: Japanese centre have 312 words, post on at December 16, 2020. ... 2020 … not only in incomes but also a better performance of the India in HDI report. This year, the thresholds have moved up in line with this inflation measure. To learn more about cookies, click here. Please what can you say about this economic scenario? Not happy with where you fall in this? But in the case of my country the reverse is the case, the general prices of goods and services are inflating without abundance supply of money in circulation. How do we explain the position of a country when theoretically nation falls in lower middle income in terms of GNI/ Per person income but almost one third population falls below poverty line as per govt own data. Many thanks for my lovely country to be MIC, still need more explanation about Tanzania to enter in mid income in 2020, Tanzanians are happy to move forward to the next step. It is a kind of big help as Lower Middle class thanks for this program . Medicines Patent Pool expands deal for access to key HIV drug to several upper middle-income countries. High-income countries in the MENA group include … If you continue to navigate this website beyond this page, cookies will be placed on your browser. Each year, the CSC invites selected nominating bodies to submit a specific number of nominations. //-->. It's very important information for every citizen of the country to be known, Am proud of my country Tanzania the way its economy grows fast. I know there is an important internal mandate, but the income estimates and classifications have many external users as well. Change ), You are commenting using your Facebook account. Helping hands and being innovative. The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. This site uses cookies to optimize functionality and give you the best possible experience. The change in classification is announced in the New World Bank country classifications by income level: 2020-2021 report published on Wednesday (01). More detailed information on how the World Bank classifies countries is available here. The rest of the country of course is made up of the “lower class” and “upper class.” 29% of the country falls into the “lower class” with a median income of $25,624 as of 2016. The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. Jordan is classified by the World Bank as an "upper middle income country." Upper-middle-income countries in the MENA group include Iran, Iraq, Jordan, Lebanon, and Libya. I hope India will become a high income countries in future . Sorry, your blog cannot share posts by email. //--> // -- > be smaller than that of Taiwan JCER.