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In World Bank Updated Rating, Georgia still among Low and Lower-middle Income Countries

World Bank classifies the world’s economies based on estimates of gross national income (GNI) per capita (GNI per capital-Atlas Method).

According to this indicator, countries are divided into four groups: low-income countries  with unites countries whose GNI per capita (Atlas method) is equal to or below USD 1,035: Bangladesh, Cambodia, Uganda, Haiti, etc.); lower-middle-income countries whose GNI per capita is equal to –USD 1,036 – $ 4,085 (Armenia, India, Moldova, Morocco, etc); Upper-middle-income  countries – USD  4,086 -12,615 (Azerbaijan, Brazil, Thailand, Bulgaria, etc.) and high income countries whose GNI per capita is equal to and more  USD 12.616 (Russia , Australia, Singapore, Italy and so on).

Thus, the lower and lower-middle income countries are called developing countries.

As for Georgia, in the updating rating  2013, it belongs to the lower-middle income countries along withArmenia GNI per capita whose GNI per capita is equal to USD  3,570.

According to the NGO “Society and  banks”, in order Georgia  to move from  a group of the lower-middle income countries to  the higher-income countries in a short time, a dynamic growth in  real GDP is required.