{"id":1346,"date":"2022-02-11T12:41:58","date_gmt":"2022-02-11T12:41:58","guid":{"rendered":"https:\/\/visitgis.com\/?p=1346"},"modified":"2022-02-22T17:36:06","modified_gmt":"2022-02-22T17:36:06","slug":"low-income-countries-list-2022","status":"publish","type":"post","link":"https:\/\/visitgis.com\/low-income-countries-list-2022\/","title":{"rendered":"Low Income Countries List 2022"},"content":{"rendered":"\n

According to the World Bank report<\/a>, the countries that have a per capita gross national income (GNI) is less than $1026 lies in low income countries list.<\/p>\n\n\n\n

The world bank declares countries into four income level categories such as <\/p>\n\n\n\n

  1. LIC (<$1,025)<\/li>
  2. Upper Middle Income Countries ($4,038-$12,475)<\/li>
  3. Lower Middle Income Countries ($1,026-$4,035)<\/li>
  4. High Income Countries (>$12,475)<\/li><\/ol>\n\n\n\n

    The group of high income countries GNI per capita is at least $12,476. <\/p>\n\n\n\n

    Gross National Income GNI is the country\u2019s income (Sum of local producers) divided by its total population. <\/p>\n\n\n\n

    LIC are also known as developing countries. These countries claim aid from financial institutions such as world bank and United Nations agencies for economic, political, social, and environmental development. Bilateral aid directly disperse from donor countries to accepting countries. Multilateral aid received by international organizations that distribute to third world countries for the sack of development purposes.<\/p>\n\n\n\n

    <\/mark><\/p>\n\n\n\n

    Map Credit : World Population Review<\/a><\/pre>\n\n\n\n
    List of LICs<\/h2>\n\n\n\n
    1. Somalia <\/li>
    2. Mozambique<\/li>
    3. African Republic<\/li>
    4. Madagascar<\/li>
    5. Afghanistan<\/li>
    6. DR Congo<\/li>
    7. Sierra Leone<\/li>
    8. Liberia<\/li>
    9. Sudan<\/li>
    10. Eritrea<\/li>
    11. Niger<\/li>
    12. Togo<\/li>
    13. Chad<\/li>
    14. Gambia<\/li>
    15. Burkina <\/li>
    16. Faso<\/li>
    17. Uganda<\/li>
    18. Guinea-Bissau<\/li>
    19. Rwanda<\/li>
    20. Ethiopia<\/li>
    21. Mali<\/li>
    22. Yemen<\/li><\/ol>\n\n\n\n
      <\/a><\/p>\n\n\n\n
      Is India a LIC?<\/h2>\n\n\n\n
      India comes in Lower middle income countries. <\/p>\n\n\n\n
      According to the GDP of India, it is the fifth richest country in the world. India\u2019s GDP is fractionally higher than some European countries and behind China and the US.<\/p>\n\n\n\n
      <\/p>\n\n\n\n
      India\u2019s Gross National Income is 8.823 trillion PPP dollars in 2020. It shows that it comes under a low middle income country, instead of low income country. <\/p>\n\n\n\n
      <\/p>\n\n\n\n
      <\/p>\n\n\n\n
      What are LIC Countries?<\/h2>\n\n\n\n
      LIC countries are nations who have gross national income less than $1,025. <\/p>\n\n\n\n
      What are LICs’ characteristics?<\/h2>\n\n\n\n
      There are 5 characteristics of low income countries such as:<\/p>\n\n\n\n