Editing Developing country (section)

=== By income groups ===
[[File:High income economies as classified by the World Bank.png|thumb|right|A map of World Bank high-income economies in 2023|alt=|upright=1.6]]
The World Bank classifies the world's economies into four groups, based on [[gross national income]] per capita calculated using the [[Atlas method]], re-set each year on 1 July:<ref name=":9">{{cite web|title=New country classifications by income level: 2019–2020|url=https://blogs.worldbank.org/opendata/new-country-classifications-income-level-2019-2020|access-date=12 February 2021|publisher=World Bank Blogs |work=Data Blog |date=1 July 2019 |language=en|archive-date=7 January 2021|archive-url=https://web.archive.org/web/20210107201418/https://blogs.worldbank.org/opendata/new-country-classifications-income-level-2019-2020|url-status=live}}</ref>

# low-income countries
# lower-middle income countries
# upper-middle income countries
# [[World Bank high-income economy|high income countries]] (similar to [[Developed country|developed countries]])

The three groups that are not "high income" are together referred to as "low and middle income countries" (LMICs). For example, for the 2022 fiscal year, a low income country is defined as one with a GNI per capita less than 1,045 in current US$; a lower middle-income country is one with GNI per capita between 1,046 and 4,095 in current US$; an upper middle-income country is one with GNI per capita between 4,096 and 12,695 in current US$, and a high income country is one with GNI per capita of more than 12,696 in current US$.<ref name=CountriesByGNIperCapita>{{cite web |url=https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups | title=World Bank Country and Lending Groups |website=World Bank Data Help Desk | accessdate=10 January 2022 | archive-date=28 October 2019 | archive-url=https://web.archive.org/web/20191028223324/https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups | url-status=live }}</ref> [[World Bank high-income economy#Historical thresholds|Historical thresholds]] are documented.