Low-Income Countries

Low-Income Countries (LICs) are nations with a gross national income (GNI) per capita that falls below a specific threshold set by the World Bank. These countries typically face significant challenges in terms of economic development, infrastructure, health care, education, and overall quality of life for their populations. LICs often rely on external aid and assistance to support their development goals and may experience high levels of poverty, limited access to resources, and vulnerability to economic shocks. Their economies are often characterized by a dependence on agriculture, limited diversification, and less industrialization compared to higher-income nations. The classification of countries as low-income is part of broader efforts to address global inequality and promote sustainable development.