What is the average income in the world?

According to 2013 data from Gallup, the median household income worldwide was $9,733 (PPP, Current Int$). Countries with the lowest median income included Libera, Burundi, Mali, Benin, Togo, Sierra Leone, and Madagascar. This data was based on self-reported data that was gathered between 2006 and 2012.

What is the per capita income according to World Bank?

 For the current 2022 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2020; lower middle-income economies are those with a GNI per capita between $1,046 and $4,095; upper middle-income economies are those with a GNI per …

What is the average per capita income in the world?

Country-level income closely related to Payroll to Population results. WASHINGTON, D.C. — The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics.

What is the salary of the 1%?

The threshold for being among California’s 1% is $659,503, higher than in all but four other states. Among the top 1% of earners in the state, the average annual income is $2.2 million.

What are the four income groups of the World Bank?

The World Bank classifies economies for analytical purposes into four income groups: low, lower-middle, upper-middle, and high income. For this purpose it uses gross national income (GNI) per capita data in U.S. dollars, converted from local currency using the World Bank Atlas method, which is applied to smooth exchange rate fluctuations.

What is the World Bank Annual Report 2012?

The World Bank Annual Report 2012 : Volume 1. Main Report The World Bank Annual Report 2012 : Volume 1. Main Report

How many middle income countries are there in the world?

The number of middle-income countries is 107 (60 UMICs and 47 LMICs) and has not changed much as countries have transitioned both in and out of this group. The chart below summarizes the number of countries in each group over time. The changes are even starker when looking at the share of the world population that live in each type of countries.

How are countries classified according to their income?

When it comes to income, the World Bank divides the world’s economies into four income groups: high, upper-middle, lower-middle, and low. The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method.