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development profile

Country B

Figure 1 Inflation in Country B, 1961–2010

Country B is classified by the World Bank as a lower middle-income country, with GNI per capita of US$1,020 in 2009, which is only just over the middle-income threshold. In terms of the human development index (HDI), Country B falls in the low human development category, registering a value of 0.504, with a ranking of 145 out of 187 countries in the world in 2011.

Country B has a population of about 170 million. It is estimated that 22.6% of the population are living below the international poverty line of $1.25 per person per day, and 60.3% are living on less than $2 per day. This represents a severe challenge for the country. The economy of Country B relies heavily on agriculture, which contributes 21.6% of GDP, and 63.8% of the population live in rural areas.

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