High income economy

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     High income      Upper-middle income      Lower-middle income      Low income Country groupings based on World Bank assessment of per-capita gross income, 2007.

A High income economy is defined by the World Bank as a country with a Gross National Income per capita of $11,456 or more.[1] While the term "high income" may be used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to those prosperous countries that aligned themselves with the U.S. and NATO during the cold war. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies." According to the United Nations, for example, some high income countries may also be developing countries. The GCC (Persian Gulf States) countries, for example, are classified as developing high income countries. Thus, a high income country may be classified as either developed or developing.[2]

List of high income economies

According to the World Bank the following 66 countries and territories (including Taiwan[3]) are classified as "high-income economies":[4]

•  Andorra •  Canada •  French Polynesia •  Italy •  New Zealand •  Slovenia
•  Antigua and Barbuda •  Cayman Islands •  Germany •  Japan •  Northern Mariana Islands •  South Korea
•  Aruba • Flag of JerseyFlag of Guernsey Channel Islands •  Greece •  Kuwait •  Norway •  Spain
•  Australia •  Cyprus •  Greenland •  Liechtenstein •  Oman •  Sweden
•  Austria •  Czech Republic •  Guam •  Luxembourg •  Portugal •  Switzerland
•  The Bahamas •  Denmark •  Hong Kong •  Macau •  Puerto Rico • Flag of the Republic of ChinaTaiwan, China[3]
•  Bahrain •  Equatorial Guinea •  Hungary •  Malta •  Qatar •  Trinidad and Tobago
•  Barbados •  Estonia •  Iceland •  Monaco •  San Marino •  United Arab Emirates
•  Belgium •  Faroe Islands •  Ireland •  Netherlands •  Saudi Arabia •  United Kingdom
•  Bermuda •  Finland •  Isle of Man •  Netherlands Antilles •  Singapore •  United States
•  Brunei •  France •  Israel •  New Caledonia •  Slovakia •  U.S. Virgin Islands


High Income Countries not classified by World Bank:

References

  1. ^ "World Bank, Country Classification". Retrieved on 2008-10-12.
  2. ^ "UN. (2005). UNCTAD Handbook of Statistics.". Retrieved on 2007-07-09.
  3. ^ a b World Bank - Country Classification. Accessed on October 12, 2008, last paragraph, last line.
  4. ^ World Bank - Country Groups. Accessed on October 12, 2008.

See also

v • d • e
Economic classification of countries
Developed country · Developing country · Least developed country · High income country · Newly industrialized country · Heavily Indebted Poor Countries
Worlds Theory
Lists of countries