High income country

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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.
     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.[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]

[edit] List of high income countries

According to the World Bank the following 60 countries and territories were classified as "high income:"[1]

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

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

[edit] References

  1. ^ a b World Bank. (2007). Data & Statistics: Country Groups. Retrieved on 2007-06-20.
  2. ^ UN. (2005). UNCTAD Handbook of Statistics.. Retrieved on 2007-07-09.

[edit] See also