Upper 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.
Countries classified as upper-middle-income exhibit a GDP per capita (PPP) above the global average, indicating developing economies with growing industrial and service sectors. These economies often have strong manufacturing bases, expanding service industries, and some natural resource extraction.