AMMAN —AlGhad— The World Bank (WB) group degraded Jordan to the lower category of the Middle-Income Countries classification, based on the most recent annual income per capita index, according to the WB’s global review in July, down from the upper-middle category.
Now, Jordan is ranked among the countries where income per capita ranges between USD1,006 and USD3,955, annually.
The previous review placed Jordan in the range between USD3,956 and USD12,235, indicating a drastic drop in the individual share of the Kingdom’s GDI.
Some of the reasons factoring Jordan’s declassification include mainly the increase in demographic, the regression of GDP, and deflation; the decline in the inflation index.
Every year, the World Bank group conducts a review of the global income status.