World Bank Releases FY2026–27

The Development Data Group of the World Bank Group releases the annual Country Income Classifications for FY2026–2027. The classifications are based on 2025 Gross National Income (GNI) per capita estimates and use the Atlas method for currency conversion.

World Bank Group Country Income Classifications (FY2026–2027):

Dimension	Key Details
Releasing authority	The Development Data Group of the World Bank Group releases the annual Country Income Classifications for FY2026–2027.
Basis year for estimates	The classifications are based on Gross National Income (GNI) per capita estimates from the previous calendar year, 2025.
Conversion mechanism	The World Bank uses the Atlas conversion factor to smooth out impacts from short-term exchange rate fluctuations.
Atlas method: calculation rule	This method applies a 3-year moving average of inflation-adjusted exchange rates to convert local currencies into US Dollars.
Income categories and thresholds	The 4-tier division comprises: low-income (USD 1,175 or less), lower-middle income (USD 1,176 to USD 4,635), upper-middle income (USD 4,636 to USD 14,375), and high-income (greater than USD 14,375).
India’s classification	India remains in the lower-middle income category.
Income-category changes (latest update)	The updated figures show that 6 countries move into higher income categories, and 0 countries move down.
Countries moving from lower-middle to upper-middle income	5 countries move from lower-middle to upper-middle income: Jordan, Micronesia, the Philippines, Sri Lanka, and Viet Nam.
Country moving from low to lower-middle income	1 country moves from low to lower-middle income: Togo.
Long-term global shift (low-income share)	The proportion of economies classified as low-income shrinks from 30% to 11% in 2026.
Implication of classification categories	These categories influence whether a country can access concessional financing and development assistance from multilateral lenders.