Is Saudi Arabia a low income country?

Norway Human Development Index (HDI)

Argentina's economy is about 3 to 3.5 times smaller than Brazil. Brazil went to -3.5% GDP and Argentina went to -4% GDP.Nov 29, 2018

Take GDP per capita: as of a few years ago, Brazil has been richer than Mexico. Similarly, Mexico beats Brazil on the first measure, but falls behind on the second.Jul 21, 2011

Homicides. In terms of absolute number of murders in a year, Brazil has the most murders of any country by total number (62,318) followed by India (44,049) and Mexico (24,576).

195 countries There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine.

One objective way some researchers divide individuals into economic classes is by looking at their income. From that data, they split earners into different classes such as poor, lower-middle class, middle class, upper-middle class and wealthy.Dec 8, 2020

The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: It does not tell us about how this average income is distributed among the people in the individual countries.

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Saudi Arabia ranked 18th with $786.5B. Gross Domestic Product & Income.

10 Countries With the Highest Incomes

• United States.
• Luxembourg.
• Switzerland.
• Germany.
• Australia.
• Norway.
• Austria.
• Belgium.

List of Low-Income Countries

• Afghanistan.
• Bangladesh.
• Benin.
• Burkina Faso.
• Burundi.
• Central African Republic.
• Chad.
• Comoros.

The World Bank classifies economies of countries as low income, middle income (subdivided into lower, middle, and upper middle), or high income. The main criterion for classifying economies is the gross national income (GNI) per capita.

Countries with less than $1,035 GNI per capita are classified as low-income countries, those with between $1,036 and $4,085 as lower middle income countries, those with between $4,086 and $12,615 as upper middle income countries, and those with incomes of more than $12,615 as high-income countries.

Measured by aggregate gross domestic product (GDP), the Indian economy is larger than Brazil's. 9 Measured on a per capita basis, however, Brazil is far richer.

Income groups Economies are currently divided into four income groupings: low, lower-middle, upper-middle, and high. Income is measured using gross national income (GNI) per capita, in U.S. dollars, converted from local currency using the World Bank Atlas method.

Low income - 31 Countries. Lower middle income - 51 Countries. Upper middle income - 53 Countries. High income: nonOECD - 48 Countries. Country Income Groups (World Bank Classification)