AMMAN — Jordan has experienced a downgrade in its income
classification from upper-middle to lower-middle, according to the latest
report by the World Bank. The revision of Jordan's income classification was
based on a population estimate review, which revealed an 8.6 percent increase
in population figures. The downgrade sets the Kingdom apart as the only country
globally to witness such a shift in income status.
اضافة اعلان
The World Bank's classification system categorizes economies
into different income groups, including low, lower-middle, upper-middle, and
high, Hala News reported.
Income classifications
According to the report, a country is classified as having a
low income if the per capita national income amounts to $1,135 or less.
Meanwhile, a lower-middle-income country falls within the range of $1,136 to
$4,465 per capita national income. Moving up the scale, an upper-middle-income
country is characterized by a per capita national income between $4,466 and
$13,845, while a high-income country exceeds $13,845 per capita national
income.
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