What is middle income country?

A middle-income country is defined by the World Bank as a nation with a gross national income (GNI) per capita between $1,046 and $12,695. These countries typically exhibit a mix of both developed and developing economic characteristics, with varying levels of industrialization, infrastructure, and social services. Middle-income countries are further categorized into lower-middle-income and upper-middle-income groups based on their GNI per capita. This classification helps in targeting economic policies and international aid more effectively.