In the twelfth development plan, the authorities in Malaysia have proposed that they "hope to advance to a high-income country in 2025." But recently, a news has appeared on the Internet: Malaysia has successfully entered the ranks of high-income countries. It seems that the task has been completed ahead of schedule.
But this big news is only spread among some self-media authors who are not afraid of being responsible, and there is no authoritative media reporting it. Is it another false news? Nansheng Plan quotes the data and reports published by World Bank to explain it to you.
First look: The World Bank released the high-income national standard
In July this year, the World Bank announced the new standards for high-income countries and middle-high-income countries. Among them, if the per capita GNI is less than US$1,085, it belongs to low-income countries or regions. For example: Ethiopian , Tajikistan , Uganda , Rwanda , Yemen , Afghan , etc.
If the per capita GNI is between US$1,086 and US$4,255, it belongs to a low-income country or region. Representatives include: Pakistan , India, Vietnam, Mongolian , Egypt , Angola , Kenya , Haiti , Uzbekistan , Laos , Philippine , etc.
If the per capita GNI is between US$4,256 and US$13,205, it belongs to a middle-to-high-income country or region. Including China, Turkey , Argentina , Thailand, South Africa, Russia, Brazil , Kazakhstan , Cuba , Peru , Mexico , Serbia and other countries.
Countries with a per capita GNI of more than US$13,205 are all classified as high-income countries. Including Saudi , Kuwait , UAE, Israel, Singapore , the United States, Germany, Japan, South Korea, the United Kingdom, Spain, Greek , Czech , Polish , Hungary, Australia, etc.
How many per capita GNI is in Malaysia?
Information published by the World Bank shows that Malaysia's total GNI in 2021 is US$361.553 billion, with a population of around 32.7762 million, and the per capita GNI is about US$11,000 - is still in the range of "US$4,256 to US$13,205", and is a middle-to-high-income country.
The World Bank’s public report also shows that according to the new standards, there are three countries that have achieved promotion. Among them, the per capita GNI of Belize rose to US$4,290 in 2021 (the figure below), and successfully advanced from the previous low-income country to the high-income country.
Panama, Romania 's per capita GNI achieved a breakthrough of US$14,000 in 2021, and successfully advanced from the previous middle-to-high-income country to a high-income country. But there is no Malaysian name on this promotion list.
In other words, whether we look at the World Bank’s public GNI data or query the official reports, we will find that Malaysia, like China, Russia, Turkey, Mexico, Brazil and other countries, is still a middle-to-high-income country.
, the per capita GNI, is not per capita income
, it is worth mentioning that the standard set by the World Bank is per capita GNI. Although the Chinese name is "per capita national income", it is not the "resident income" that ordinary people understand. GNI is actually the previous GDP, which is closer to the concept of GDP.
However, GDP emphasizes the "territory principle", while GNI highlights the " human principle ". According to the income method, the calculation formula of , both are composed of "resident remuneration, corporate profit, fixed asset consumption , production tax and net import tax, etc.".
really belongs to our "income part of residents", it is just an integral part of GDP or GNI, not all. According to international practice, the income of a country or region is about half of GDP or GNI. What do netizens think about this? This article is written by Nan Sheng. Please do not reprint or plagiarize without authorization!
