lowmiddleincome
The term "low-middle-income" refers to a classification used by international organizations, such as the World Bank, to categorize countries based on their gross national income (GNI) per capita. This classification helps in assessing economic development levels, allocating aid, and guiding policy decisions. Countries in this category typically exhibit moderate economic growth but still face significant challenges in poverty reduction, infrastructure development, and social welfare.
The World Bank defines low-middle-income countries as those with a GNI per capita ranging between $1,046 and
These economies often rely on agriculture, manufacturing, and emerging service sectors to drive growth. However, they
The classification is dynamic, meaning countries can move between income groups as their economic conditions improve