World Bank says Costa Rica is no longer “Upper-Middle-Income” and has become a “High-Income” country

World Bank says Costa Rica is no longer “Upper-Middle-Income” and has become a “High-Income” country

Q COSTA RICA — According to the World Bank’s 2024 measurements, Costa Rica has transitioned from the “upper-middle-income” category to the “high-income” group of countries. The international organization made this announcement on Tuesday, July 1, via a post on its website. Each year, the World Bank classifies the world’s economies into four groups according to their income level: Low (25 countries) Lower-middle (50) Upper-middle (54) High (87) …