Classification 2026 – Madagascar Does Not Fall Under the Category of "Low-Income Economies", with a per Capita Gross National Income of Less than $1,135 in 2024

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The World Bank has updated its classification of countries by income level for the fiscal year? 2026, which is based on the per capita GNI of 2024. The verdict is without appeal: Madagascar remains in the category of low-income countries, i.e. those with a per capita gross national income (GNI) of less than $1,135 per year. The Great Island has a per capita GNI of $510 in 2024, making it the fourth poorest nation in the world, just ahead of Afgh…

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Antananarivo, 6 July, 3:15 p.m. – Madagascar stagnates. The Great Island is still in the low-income category for the current financial year 2026. The World Bank updates this classification annually on 1 July, and this time the low-income economies are those with a per capita gross national income (GNI) of $1,135 or less in 2024. Madagascar has been in this category since the late 1980s. Yet, if 30 per cent of the countries were still in the low-…