Question

Assume that Nepal's per capita income is USD 1,035.
Based on the World Bank's classification of countries according to per capita income, in which category does Nepal fall?

Answer 1

With respect to per capita income, the World Bank broadly classifies countries into the following categories:
1) Low-income countries (< 1,035)
2) Lower-middle-income countries (1,036–4,045)
3) Higher-middle-income countries (4,046–12,535)
4) High-income countries (> 12,536)
(All values in US dollars)