Is Iran A High Income Country?

Is Iran a low income country?

Lower middle income – 51 Countries.

Upper middle income – 53 Countries.

High income: nonOECD – 48 Countries.

High income: OECD – 32 Countries….Country Income Groups (World Bank Classification)AfghanistanLow incomeIndonesiaLower middle incomeIran, Islamic Rep.Upper middle incomeIraqUpper middle incomeIrelandHigh income: OECD210 more rows.

Is university free in Iran?

Currently, there are over 50 public universities and over 40 public institutions specializing in medical study and 200 private postsecondary institutions in Iran. 21. Tuition at public universities is free.

Is China a low income country?

Today, China is an upper-middle-income country and the world’s second largest economy. But its per capita income is still only about a quarter of that of high-income countries, and about 373 million Chinese are living below the upper-middle-income poverty line of US$5.50 a day.

Is China richer than the US?

The United States still has many more millionaires — 18.6 million, or 40% of the world’s total, versus 4.4 million in China. … The average American is also still much richer than their Chinese counterparts, with US wealth per adult at $432,365 compared with $58,544 in China.

Is there poverty in Iran?

In 2010, Iran’s Department of Statistics announced that 10 million Iranians live under the absolute poverty line and 30 million live under the relative poverty line.

Is USA a high income country?

The World Bank defines a high-income country as one that has a gross national income per capita exceeding $12,056. Some of these countries, such as the United States, have held this classification consistently since the 1980s. …

Where does Iran rank in education?

DefinitionsSTATIranUnited StatesPupil-teacher ratio, secondary31.31 Ranked 4th. 2 times more than United States14.49 Ranked 56th.Secondary education, duration > Years7 Ranked 31st. 17% more than United States6 Ranked 102nd.Child care (preschool) > Duration1 Ranked 194th.3 Ranked 47th. 3 times more than Iran20 more rows

Is Iran a developed country?

According to the International Monetary Fund, Iran is a “transition economy”, i.e., changing from a planned to a market economy. The United Nations classifies Iran’s economy as semi-developed. In 2014, Iran ranked 83rd in the World Economic Forum’s analysis of the global competitiveness of 144 countries.

Is Italy a high income country?

Italy is a developed nation with extensive infrastructure, a rich cultural history, and control over several exports. Italy has the eighth-highest nominal gross domestic product (GDP) in the world at $1.16 trillion; the country’s per capita GDP stands at $35,896.

What is the richest country in the world?

United StatesUnited States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.

Is Iran a Third World country?

In summary, Iran is considered a “third world” country due to its freedom limitations. This is a slightly different concept than being a developing country which is measured by several indexes including HDI.

What is the average income in Iran?

517,377,206Average salary in Iran is IRR 517,377,206. Average take home earning is IRR 429,348,299 (Net). The most typical salary is IRR 467,476,294 (Gross). If you are an employer this page can help you with the decision how much to pay employees.

What is the poorest country in Africa?

Niger. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger once again topping the UN’s human development report as the world’s poorest country.Central African Republic. … Chad. … South Sudan. … Burundi. … Mali. … Eritrea. … Burkina Faso. … More items…•

Is Iran a wealthy country?

Many believe Iran is one of the richest countries in the world and in the region. … Its wealth is not limited to oil and gas, as it enjoys having several other mineral resources but since the country has not exploited those Heavenly wealth, most people know the country only for its oil and gas.

Why is Italy so rich?

Furthermore, the advanced country private wealth is one of the largest in the world. Italy is a large manufacturer (overall the second in EU behind Germany) and exporter of a significant variety of products including machinery, vehicles, pharmaceuticals, furniture, food, clothing, and robots.