Middle income economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Middle-income countries had a GDP per capita (PPP) of about $10,000 in 2023. These economies feature growing industrial bases, moderate technological development, and agricultural sectors.