5 Jul 2013

Fiji, Tonga and Marshalls reach World Bank Upper Middle GNI status

8:45 am on 5 July 2013

According to the World Bank, Fiji, Tonga and the Marshall Islands have reached Upper Middle Income status in terms of gross national income per capita.

The World Bank this week released its annual revision of the classification of the world's economies based on estimates of GNI per capita for the previous year.

Fiji, Tonga and the Marshalls have moved up from the Lower Middle Income status to the Upper bracket where the income classification is between 4,086 US dollars and 12,615 US dollars.

The updated GNI per capita estimates are used as input to the Bank's operational classification of economies, which determines their lending eligibility.