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When will Haiti become an upper middle-income country?
The World Bank has historically classified every economy as low, middle or high income. The World Bank further specifies its classes of countries into low, lower-middle, upper-middle and high income economies. The World Bank uses GNI per capita as the basis for this classification because it views GNI as a broad measure that is considered to be the single best indicator of economic capacity and progress.
MICs are broken up into lower-middle income and upper-middle income economies. For the current 2019 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $995 or less in 2017; lower middle-income economies are those with a GNI per capita between $996 and $3,895; upper middle-income economies are those with a GNI per capita between $3,896 and $12,055; high-income economies are those with a GNI per capita of $12,056 or more.
These thresholds are adjusted over time taking into account the average inflation in the G-5 countries (the United States, the United Kingdom, Japan, Germany and France), and from 2001, that of Japan, the United Kingdom, the United States and the eurozone. Thus, the thresholds remain constant in real terms over time.
MICs are a very diverse group by region, size, population and income level, ranging from tiny nations with very small populations such as Belize and the Marshall Islands to all four of the BRIC giants – Brazil, Russia, India and China.
Haiti is a country located on the island of Hispaniola, east of Cuba in the Greater Antilles archipelago of the Caribbean Sea. It occupies the western three-eighths of the island, which it shares with the Dominican Republic. Haiti is 27,750 square kilometres (10,714 sq mi) in size and has an estimated 10.8 million people, making it the most populous country in the Caribbean Community and the second-most populous country in the Caribbean as a whole.
Despite having a viable tourist industry, Haiti is one of the world's poorest countries and the poorest in the Americas region, with poverty, corruption, poor infrastructure, lack of health care and lack of education cited as the main causes. Trade declined dramatically after the 2010 earthquake and subsequent outbreak of cholera. Haiti ranked 145 of 182 countries in the 2010 United Nations Human Development Index, with 57.3% of the population being deprived in at least three of the HDI's poverty measures. You can view some historical, economic and cultural data about Haiti here.
Haiti is the last World Bank low income country in the Americas, with a GNI per capita of only $760 as of 2017. According to the CIA World Factbook, Haiti ranks 213th in the world (of 228 countries and territories) in terms of GDP per capita.
This question asks: When will Haiti become a World Bank upper middle-income country?
Resolution should cite a press release or other information from the World Bank, or credible media reports citing World Bank sources.
The question resolves ambiguously if the World Bank ceases to exist before Haiti is designated an upper middle-income country, or if Haiti ceases to exist as a geopolitical entity before being designated upper middle-income by the World Bank.
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