OREANDA-NEWS. August 01, 2014. The Kyrgyz Republic has been re-classified from a low income country to a lower-middle income country, according to the 2014 Income Classifications released  in July 2014 by the Bank’s Office of Development Economics and Chief Economist. 

The World Bank updated the analytical country classification, which groups economies of the world into four categories based on 2013 gross national income (GNI) per capita estimates: low income, lower-middle income, upper-middle income, and high income.

As of 1 July 2014, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of USD1,045 or less in 2013; middle-income economies are those with a GNI per capita of more than USD 1,045 but less than USD 12,746; high-income economies are those with a GNI per capita of \\$12,746 or more. Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of USD 4,125.

The Kyrgyz Republic’s GNI per capita for 2013 is estimated at USD 1,200, increasing from USD 1,040 in 2012.

The World Bank revises analytical classification of the world’s economies each year on July 1 based on estimates of per capita for the previous calendar year. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000.

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies.

Ranking tables showing 2013 GNI, GNI per capita, gross domestic product (GDP), GDP at purchasing power parity per capita, and population data are available on the World Bank’s Open Data Catalog website.