What Are The World Bank "Tiers"?

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Saw the post below elsewhere on the board....

....and decided to look up "tier-3 country" on the Googles....
The World Bank Group assigns the world’s economies[1] to four income groups – low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI (Gross National Income) per capita of the previous calendar year.

Now we know. :)
 
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