A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, calculated using the Atlas method. [1] While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies." According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. [2] Although Vatican City is a sovereign state, it is not classified by the World Bank under this definition.
According to the World Bank the following 83 countries (including territories) are classified as "high-income economies." [1] In brackets are the year(s) during which they held such classification; classifying began in 1987. As of the 2024 fiscal year, high-income economies are those that had a GNI per capita of $13,845 or more in 2022. [1]
The year(s) during which they held such classification is/are shown in parentheses. [3]
aBetween 1994 and 2009, as a part of the Netherlands Antilles.b Dissolved on 10 October 2010. Succeeded by Curaçao and Sint Maarten.
The high-income threshold was originally set in 1989 at US$6,000 in 1987 prices. Thresholds for subsequent years were adjusted taking into account the average inflation in the G-5 countries (the United States, the United Kingdom, Japan, Germany, and France), and from 2001, that of Japan, the United Kingdom, the United States, and the eurozone. [4] Thus, the thresholds remain constant in real terms over time. [3] To ensure no country falls right on the threshold, country data are rounded to the nearest 10 and income thresholds are rounded to the nearest 5. [5]
The following table shows the high-income threshold from 1987 onwards. Countries with a GNI per capita (calculated using the Atlas method) above this threshold are classified by the World Bank as "high-income economies." [3]
Year | GNI per capita (US$) | Date of classification |
---|---|---|
1987 | 6,000 | October 2, 1988 |
1988 | 6,000 | September 13, 1989 |
1989 | 6,000 | August 29, 1990 |
1990 | 7,620 | September 11, 1991 |
1991 | 7,910 | August 24, 1992 |
1992 | 8,355 | September 9, 1993 |
1993 | 8,625 | September 2, 1994 |
1994 | 8,955 | June 8, 1995 |
1995 | 9,385 | June 3, 1996 |
1996 | 9,645 | July 1, 1997 |
1997 | 9,655 | July 1, 1998 |
1998 | 9,360 | July 1, 1999 |
1999 | 9,265 | July 1, 2000 |
2000 | 9,265 | July 1, 2001 |
2001 | 9,205 | July 1, 2002 |
2002 | 9,075 | July 1, 2003 |
2003 | 9,385 | July 1, 2004 |
2004 | 10,065 | July 1, 2005 |
2005 | 10,725 | July 1, 2006 |
2006 | 11,115 | July 1, 2007 |
2007 | 11,455 | July 1, 2008 |
2008 | 11,905 | July 1, 2009 |
2009 | 12,195 | July 1, 2010 |
2010 | 12,275 | July 1, 2011 |
2011 | 12,475 | July 1, 2012 |
2012 | 12,615 | July 1, 2013 |
2013 | 12,745 | July 1, 2014 |
2014 | 12,735 | July 1, 2015 |
2015 | 12,475 | July 1, 2016 |
2016 | 12,236 | July 1, 2017 |
2017 | 12,056 | July 1, 2018 |
2018 | 12,376 | July 1, 2019 |
2019 | 12,536 | July 1, 2020 |
2020 | 12,696 | July 1, 2021 |
2021 | 13,205 | July 1, 2022 |
2022 | 13,845 | July 1, 2023 |
The Netherlands Antilles was a constituent country of the Kingdom of the Netherlands. The country consisted of several island territories located in the Caribbean Sea. The islands were also informally known as the Dutch Antilles. The country came into being in 1954 as the autonomous successor of the Dutch colony of Curaçao and Dependencies. The Antilles were dissolved in 2010. The Dutch colony of Surinam, although it was relatively close by on the continent of South America, did not become part of the Netherlands Antilles but became a separate autonomous country in 1954. All the island territories that belonged to the Netherlands Antilles remain part of the kingdom today, although the legal status of each differs. As a group they are still commonly called the Dutch Caribbean, regardless of their legal status. People from this former territory continue to be called Antilleans in the Netherlands.
The Netherlands Antilles was an autonomous Caribbean country within the Kingdom of the Netherlands, which was formally dissolved in 2010.
Curaçao, officially the Country of Curaçao, is a Lesser Antilles island in the southern Caribbean Sea and the Dutch Caribbean region, about 65 km (40 mi) north of the Venezuela coast. It is a constituent country of the Kingdom of the Netherlands. Together with Aruba and Bonaire, it forms the ABC islands. Collectively, Curaçao, Aruba, and other Dutch islands in the Caribbean are often called the Dutch Caribbean. It is the largest of the ABC islands in both area and population as well as the largest of the Dutch Caribbean.
A developed country, or high-income country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. Another commonly used measure of a developed country is the threshold of GDP (PPP) per capita of at least US$22,000. In 2023, 40 countries fit all four criteria, while an additional 15 countries fit three out of four.
The ABC islands is the physical group of Aruba, Bonaire, and Curaçao, the three westernmost islands of the Leeward Antilles in the Caribbean Sea. These have a shared political history and a status of Dutch underlying ownership, since the Anglo-Dutch Treaty of 1814 ceded them back to the Kingdom of the Netherlands, as Curaçao and Dependencies from 1815. They are a short distance north of the Falcón State, Venezuela. Aruba and Curaçao are autonomous, self governing constituent countries of the Kingdom of the Netherlands, while Bonaire is a special municipality of the Netherlands. Territories of the Kingdom of the Netherlands, the countries, and its special municipalities, are outside the European Union; citizens have Dutch nationality and the former colonial power benefits from preferential trade, mineral and natural resource rights, particularly offshore.
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The ten largest emerging economies by nominal GDP are 5 of the 10 BRICS countries along with Indonesia, Mexico, Poland, South Korea, and Turkey.
The Netherlands Antillean guilder was the currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba, and Sint Eustatius. It was subdivided into 100 cents. The guilder was replaced on 1 January 2011 on the islands of Bonaire, Saba and Sint Eustatius by the United States dollar.
Income in India discusses the financial state in India. With rising economic growth and prosperity, India’s income is also rising rapidly. As an overview, India's per capita net national income or NNI was around 1.97 lakh rupees in 2022. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GRI growth rate at constant prices was around 6.6 percent. While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the Gross Domestic Product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation.
The following outline is provided as an overview of and topical guide to the Netherlands Antilles:
The following is an alphabetical list of topics related to the former nation of the Netherlands Antilles.
A common visa exists since the end of 2010 for the territories of Aruba, Curaçao, Sint Maarten and the Caribbean Netherlands which form together the territory of the Kingdom of the Netherlands in the Caribbean. The visa is not valid for the European part of the Netherlands, which is part of the Schengen Area.
A status referendum was held on the island of Sint Maarten on 22 June 2000.
A status referendum was held on the island of Curaçao on 8 April 2005. The option of becoming an autonomous area within the Kingdom of the Netherlands was approved by 68% of voters.
A status referendum was held on the island of Saba on 5 November 2004.
The economy of Curaçao is a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad also make a significant contribution to the economy.
The Dutch Caribbean are the territories, colonies, and countries, former and current, of the Dutch Empire and the Kingdom of the Netherlands in the Caribbean Sea. They are in the north and south-west of the Lesser Antilles archipelago.
The economy of Saint Martin, divided between the French Collectivity of Saint Martin and the Dutch Sint Maarten, is predominately dependent on tourism. For more than two centuries, the main commodity exports have generally been salt and locally grown commodities, like sugar.