Despite Rising National Income, Indonesia Remains a Lower-Middle-Income Country

Economics & Macro

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Cindy Mutia Annur 04/07/2022 17:10 WIB

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According to the World Bank, Indonesia's gross national income (GNI) per capita remained in the lower-middle-income group at the end of 2021.

Gross National Income per Capita of Indonesia (2001-2021)

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Gross National Income per Capita of Indonesia (2001-2021)

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According to a report by the World Bank, Indonesia's gross national income (GNI) per capita reached US$4,140 in 2021. This figure is up from US$3,870 the previous year.

However, Indonesia remains in the lower-middle-income country group. According to the World Bank's latest categorization, lower-middle-income countries have a GNI per capita in the range of US$1,086–US$4,255.

Other countries in the lower-middle-income category include the Philippines, with a GNI per capita of US$3,640 in 2021, and Ukraine, with a GNI per capita of US$4,120.

The World Bank divides countries into four income groups: low, lower-middle, upper-middle, and high income.

This grouping is based on GNI per capita, and the classification criteria are updated on July 1 each year.

The following details the GNI per capita groupings established by the World Bank starting July 1, 2022:

* Low income: < US$1,085
* Lower-middle income: US$1,086–US$4,255
* Upper-middle income: US$4,256–US$13,205
* High income: > US$13,205

(Also read: Economic Inequality in Indonesia Has Not Changed Much in the Last 20 Years)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."