Lower 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.
Lower-middle-income countries had a combined GDP per capita (PPP) of approximately $5,000 in 2023. These nations typically have developing industrial and service sectors, with ongoing efforts to reduce poverty and improve infrastructure.