{"id":33820,"date":"2022-07-11T13:01:25","date_gmt":"2022-07-11T13:01:25","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data"},"modified":"2022-07-11T13:11:14","modified_gmt":"2022-07-11T13:11:14","slug":"middle-income-world-bank-sticks-by-its-data","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data","title":{"rendered":"Middle income: World Bank sticks by its data"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The World Bank has maintained that Uganda\u2019s per capita gross national income stands at $840 per annum, according it is data for the period ended 2020\/21.<\/p>\n

In a statement published on its website at the weekend, titled the World Bank Approach to Global Income classification, the World Bank said calculation of the $840 gross national income contained in the 19th edition of the Uganda Economic Update, was based on data from 2020\/21, which is the same reference period for all member countries included in the current global income classification.<\/p>\n

\u201cThe World Bank has carried out income classifications annually since 1989 to ensure consistency and global comparability. The current global income classifications were released on July 1, comprising low, lower-middle, upper-middle and high-income countries. These classifications are based on [gross national income] per capita calculated using data from the previous fiscal year,\u201d the statement reads in part.<\/p>\n

Last week, Uganda Bureau of Statistics (Ubos) insisted that Uganda had attained middle income status with an estimated per capita gross national product of $1046.<\/p>\n

This had come after the World Bank had published details in which it indicated that Uganda was still a low income country, days after President Museveni, had during the State of the Nation Address in June, indicate that the Uganda was now a middle income country.<\/p>\n

The World Bank data has since attracted an exchange from government agencies, among them Ubos, which last week indicated that there was a variance in data with the World Bank relying on old data to classify Uganda.
\nUbos insisted that based on its 2021\/22 data, Uganda had attained middle income status with a per capita gross domestic product that was within the middle income threshold.<\/p>\n

The World Bank Group New Year begins every July 1 and the statement indicated that for 2023 fiscal year, low-income economies will be classified as those with a gross national income per capita of $1,085 or less in 2021 while lower middle income economies will be those with a gross national income per capita of between $1,086 and $4,255.<\/p>\n

Upper middle-income economies, the World Bank noted, will be those whose citizens earn a gross national income per capita of between $4,256 and $13,205 while high-income economies will be those with a gross national income per capita of $13,205 or more annually.<\/p>\n

Groupings<\/b><\/p>\n

The World Bank classifies economies into four income groupings, among which include low, lower-middle, upper-middle and high income based on gross national income per capita.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The World Bank has maintained that Uganda\u2019s per capita gross national income stands at $840 per annum, according it is data for the period ended 2020\/21. In a statement published on its website at the weekend, titled the World Bank Approach to Global Income classification, the World Bank said calculation of the […]<\/p>\n","protected":false},"author":84,"featured_media":33819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-33820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nMiddle income: World Bank sticks by its data - Uganda<\/title>\n<meta name=\"description\" content=\"The World Bank has maintained that Uganda\u2019s per capita gross national income stands at $840 per annum, according it is d ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Middle income: World Bank sticks by its data\" \/>\n<meta property=\"og:description\" content=\"The World Bank has maintained that Uganda\u2019s per capita gross national income stands at $840 per annum, according it is d ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T13:01:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-11T13:11:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/07\/postQueueImg_2-62cc215baf652.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Middle income: World Bank sticks by its data\",\"datePublished\":\"2022-07-11T13:01:25+00:00\",\"dateModified\":\"2022-07-11T13:11:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\"},\"wordCount\":413,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/07\/postQueueImg_2-62cc215baf652.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/middle-income-world-bank-sticks-by-its-data\",\"name\":\"Middle income: World Bank sticks by its data - 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