Classification of countries according to income level
| Income level | Countries |
|---|---|
| High | Estonia, Italy, Latvia, Portugal, Saudi Arabia, and Seyechelles |
| Upper-middle | Argentina, Colombia, Costa-Rica, Ecuador, Equatorial, Georgia, Lebanon, Malaysia, Montenegro, Namibia, Paraguay, Peru, Thailand, and Turkey |
| Lower-middle | Bangladesh, Bolivia, Djibouti, Egypt, Guatemala, Honduras, Indonesia, Kenya, Moldova, Uzbekistan, Myanmar, Pakistan and Samoa |
| Low | Guinea, Madagascar, Mozambique, Rwanda and Zimbabwe |
| Income level | Countries |
|---|---|
| High | Estonia, Italy, Latvia, Portugal, Saudi Arabia, and Seyechelles |
| Upper-middle | Argentina, Colombia, Costa-Rica, Ecuador, Equatorial, Georgia, Lebanon, Malaysia, Montenegro, Namibia, Paraguay, Peru, Thailand, and Turkey |
| Lower-middle | Bangladesh, Bolivia, Djibouti, Egypt, Guatemala, Honduras, Indonesia, Kenya, Moldova, Uzbekistan, Myanmar, Pakistan and Samoa |
| Low | Guinea, Madagascar, Mozambique, Rwanda and Zimbabwe |
Source(s): Done by the authors based on data from WB GFDD (2021)