US EditionNamibia Downgraded to Lower-Middle Income Status By the World Bank
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Namibia Downgraded to Lower-Middle Income Status By the World Bank
According to the World Bank Group's income classifications for Fiscal Year 2026 (July 1, 2025 - 30 June, 2026), Namibia has been reclassified from an upper-middle-income country to a lower-middle-income country.
World Bank downgrades only Namibia in latest global review – News Stand
Justicia Shipena Namibia has been downgraded from an upper-middle-income to a lower-middle-income country, according to the World Bank’s latest income classification update released this week. Namibia is the only country whose classification moved downward in the 2024 update. The downgrade follows changes in Gross National Income (GNI) per capita, which the World Bank uses to group countries into four categories, low, lower-middle, upper-middle
Namibia is the only country in the world to have been downgraded to the latest World Bank ranking of world economies on Tuesday, July 1. The country has moved from the top to the bottom of middle-income countries, due to a decline in gross national income (GNI) per capita.
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