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==Economy== [[File:Countries by GDP (PPP) per capita in 2020.png|thumb|upright=1.3|[[Gross domestic product]] per capita of 213 "countries" (2020) ([[Purchasing power parity]] β [[international dollars]]) <br />{{hlist|{{legend inline|#4b0049|>50,000}}|{{legend inline|#680063|35,000β50,000}}|{{legend inline|#814991|20,000β35,000}}|{{legend inline|#8c6bb1|10,000β20,000}}|{{legend inline|#8c96c6|5,000β10,000}}|{{legend inline|#9ebcda|2,000β5,000}}|{{legend inline|#bfd3e6|<2,000}}|{{legend inline|#999999|Data unavailable}}}}]] Several organizations seek to identify trends to produce economy country classifications. Countries are often distinguished as [[developing country|developing countries]] or [[Developed country|developed countries]].<ref name="Paprotny 2020 pp. 193β225">{{cite journal | last=Paprotny | first=Dominik | title=Convergence Between Developed and Developing Countries: A Centennial Perspective | journal=Social Indicators Research | publisher=Springer Science and Business Media LLC | volume=153 | issue=1 | date=14 Sep 2020 | issn=0303-8300 | doi=10.1007/s11205-020-02488-4 | pages=193β225| pmid=32952263 | pmc=7487265 }}</ref> The [[United Nations Department of Economic and Social Affairs]] annually produces the ''World Economic Situation and Prospects Report'' classifing states as developed countries, economies in transition, or developing countries. The report classifies country development based on per capita [[gross national income]] (GNI)<ref name="Nations 2020 k704">{{cite web | last=Nations | first=United | title=What We Do | publisher=United Nations | date=20 Sep 2020 | url=https://www.un.org/en/desa/what-we-do | access-date=29 Jan 2024 | archive-date=18 January 2024 | archive-url=https://web.archive.org/web/20240118062114/https://www.un.org/en/desa/what-we-do/ | url-status=live }}</ref> and identifies subgroups within broad categories based on geographical location or ad hoc criteria. Geographic regions with developing economies are Africa, East Asia, South Asia, Western Asia, and Latin America and the Caribbean. Economies in transition are in the former Soviet Union and South-Eastern Europe. Regions with developed countries are in Northern America, Europe, and Asia and the Pacific. The majority of economies in transition and developing countries are found in Africa, Asia, Latin America, and the Caribbean.<ref name="UNCTAD 2023 e635">{{cite web | title=UN list of least developed countries | website=UNCTAD | date=1 Dec 2023 | url=https://unctad.org/topic/least-developed-countries/list | access-date=29 Jan 2024 | archive-date=1 August 2023 | archive-url=https://web.archive.org/web/20230801215744/https://unctad.org/topic/least-developed-countries/list | url-status=live }}</ref> The [[World Bank]] also classifies countries based on GNI per capita. The ''World Bank Atlas method'' classifies countries as low-income economies, lower-middle-income economies, upper-middle-income economies, or high-income economies. For the 2020 fiscal year, the World Bank defines low-income economies as countries with a GNI per capita of $1,025 or less in 2018; lower-middle-income economies as countries with a GNI per capita between $1,026 and $3,995; upper-middle-income economies as countries with a GNI per capita between $3,996 and $12,375; high-income economies as countries with a GNI per capita of $12,376 or more..<ref name="World Bank Data Help Desk 2022 x420"/> It also identifies regional trends. The World Bank defines its regions as East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, North America, South Asia, and Sub-Saharan Africa. Lastly, the World Bank distinguishes countries based on its operational policies. The three categories include [[International Development Association]] (IDA) countries, [[International Bank for Reconstruction and Development]] (IBRD) countries, and Blend countries.<ref name="World Bank Data Help Desk 2022 x420">{{cite web | title=How does the World Bank classify countries? | website=World Bank Data | date=1 Jul 2022 | url=https://datahelpdesk.worldbank.org/knowledgebase/articles/378834-how-does-the-world-bank-classify-countries | access-date=29 Jan 2024 | archive-date=22 May 2020 | archive-url=https://web.archive.org/web/20200522092916/https://datahelpdesk.worldbank.org/knowledgebase/articles/378834-how-does-the-world-bank-classify-countries | url-status=live }}</ref>
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