For the current 2021 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,035 or less in 2019; lower middle-income economies are those with a GNI per capita between $1,036 and $4,045; upper middle-income economies are those with a GNI per capita between $4,046 and $12,535; high-income economies are … The GNI per capita is the dollar value of a country's final income in a year, divided by its population. Average income around the world The worldwide highest income is earned in Monaco. Methodology. The World Bank on Wednesday classified Mauritius as a High Income country while Tanzania and Benin are now considered Lower-middle income countries, classifications that … Nonetheless, it ranks eighth on the list with an average per capita income of $13,403. The smallest budget per capita exists in the Democratic Republic of the Congo. The average income is calculated by gross national income and population. Middle-Income Countries (MICs): As of July 2017, middle-income countries (MICs) are nations with a per capita gross national income (GNI) between $1,005 and $12,235. Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. In Africa, ICU beds and personnel trained in critical care are limited to tertiary hospitals, as assessed in the Republic of The Gambia; therefore, mortality associated with COVID-19 is likely to exceed the reported case fatality rate of 2.3%. Middle East and North Africa; Southern Africa; Central Africa; East Africa; West Africa; North Africa; Brazil-India-China (BIC) Least Developped Countries (LDC) No LDC; High income non OECD; Upper middle income countries; Lower middle income; Low income countries; Outsize the Franc zone; Franc CFA zone; WAMEU; CEMAC; Country. In our comparison over 79 countries, the USA comes 9th with an average income of 65,760 USD. The lower-middle-income nations have GNI per capita of $1,026 to $4,035. For the current 2016 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 2014; middle-income economies are those with a GNI per capita of more than $1,045 but less than $12,736; high-income economies are those with a GNI per capita of $12,736 or more. The upper-middle-income group has per capita incomes between $4,038 and $12,475. The Bank Group’s MTS emphasizes deeper engagement with middle-income countries (MICs), by positioning the institution as their preferred development partner. Finally, low-income countries have GNI per capita of $1,025 per less. Knowing a country's GNI per capita is a good first step toward understanding the country's economic strengths and needs, as well as the general standard of living enjoyed by the average citizen. 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