share-wealth-coutnries

The Richest and Poorest Countries in the World

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries.

Each country was placed in one of four groups:

Low income: $1,045 or less
Lower-middle income: $1,046 to $4,125
Upper-middle income: $4,126 to $12,745
High income: $12,746 or more

The good people at HowMuch.net, a cost information site, helped to transform this information on the richest and poorest countries into the following visuals:

The Richest and Poorest Countries

Income groups in North America
Income groups in South America
Income groups in Europe
Income groups in Africa
Income groups in Asia
Income groups in Oceania

Based on the data of 204 countries, below is a breakdown of the number of countries that fall within each of the four income groups listed above.

  • Low income: 17%
  • Lower-middle income: 25%
  • Upper-middle income: 26%
  • High income: 32%

As a side note, the World Bank has recently revised the poverty line to US$1.90 per day using 2011 PPP, which is equal to an income of $693.50 per year. This was mainly due to rising food prices.

Twitter
Facebook
LinkedIn



Mornings are better with Visual Capitalist.coffee_email1

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.