General Geography keywords

Question 1

Higher income country (HIC)

General

Answer 1

This subdivision of countries is based on the World Bank income classifications (GNI per capita), which in 2022 was High Income $13 205 or above.

Question 2

Lower income country (LIC)

general

Answer 2

This subdivision of countries is based on the World Bank income classifications (GNI per capita), which in 2022 was Low Income $1 085 or below.

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Question 3

Newly emerging economies (NEEs)

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Answer 3

Countries that have begun to experience higher rates of economic development, usually with higher levels of industrialisation. They differ from LICs in that they no longer rely primarily on agriculture, have made gains in infrastructure and industrial growth, and are experiencing increasing incomes and high levels of investment, for example Brazil, Russia, China and South Africa (the so-called BRICS countries)

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