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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 country is defined by the World Bank as a country with a Gross National Income per capita of $11,116 or more.World Bank. (2007). Data & Statistics: Country Groups. Retrieved on 2007-06-20. 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.UN. (2005). UNCTAD Handbook of Statistics.. Retrieved on 2007-07-09.

List of high income countries

According to the World Bank the following 60 countries were classified as "high income:"World Bank. (2007). Data & Statistics: Country Groups. Retrieved on 2007-06-20.

 Andorra  France  Netherlands Antilles
 Antigua and Barbuda  French Polynesia  New Caledonia
 Aruba  Germany  New Zealand
 Australia  Greece  Norway
 Austria  Greenland  Portugal
 Bahamas  Guam (U.S.) Puerto Rico (U.S.)
 Bahrain  Hong Kong (China)  Qatar
 Barbados  Iceland  San Marino
 Belgium  Ireland  Saudi Arabia
 Bermuda  Isle of Man  Singapore
 Brunei  Israel  Slovenia
 Canada  Italy  South Korea
 Cayman Islands  Japan  Spain
Channel Islands (U.K.)  Kuwait  Sweden
 Cyprus  Liechtenstein  Switzerland
 Czech Republic  Luxembourg  Trinidad and Tobago
 Denmark  Macau (China)  United Arab Emirates
 Estonia  Malta United Kingdom
 Faroe Islands  Monaco  United States
 Finland  Netherlands Virgin Islands (U.S.)

Not classified by World Bank (due to not being UN members):

References

See also

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia


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