Low and middle income economy graph showing purchasing power parity (PPP) growth from 2000 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.
The combined GDP per capita (PPP) for low and middle-income countries in 2023 was approximately $10,000. These economies encompass a wide range of industries, from agriculture and manufacturing to services, with varying levels of development.