Baghdad (IraqiNews.com) \u2013 Iraq has preserved its upper-middle-income status in the World Bank\u2019s most recent 2026-2027 Country Income Classifications, joining Jordan, Turkey, China, Brazil, and Malaysia.<\/p>\n
The World Bank\u2019s income categories are updated yearly using the Atlas technique based on each country\u2019s Gross National Income (GNI) per capita. <\/p>\n
Upper-middle-income nations have a GNI per capita of $4,636 to $14,375 for the fiscal year 2026-27, while high-income economies surpass that level.<\/p>\n
This year\u2019s report saw six economies move into the higher income group, while none were demoted. <\/p>\n
The World Bank attributed the shifts to various causes, including economic recovery, export-led development, and improvements in national statistics reporting, rather than a single worldwide trend.<\/p>\n
Iraq\u2019s continued classification as an upper-middle-income economy comes as the country seeks to diversify its economy beyond oil, expand infrastructure investment, and attract more foreign investment through private-sector reforms and business-friendly policies.<\/p>\n
The World Bank extensively uses its income categories for international comparisons; however, they do not reflect overall living standards or income distribution. Instead, they serve as a standard for global economic comparisons based on average national income per person.<\/p>\n","protected":false},"excerpt":{"rendered":"Baghdad (IraqiNews.com) \u2013 Iraq has preserved its upper-middle-income status in the World Bank\u2019s most recent 2026-2027 Country Income…\n","protected":false},"author":2,"featured_media":532715,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,6605,46,2286,5839,1582],"class_list":["post-532714","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-iraq","tag-israel","tag-jordan","tag-oil","tag-turkey"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=532714"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/532715"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=532714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=532714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=532714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}