Translated with AI
It will take Tajikistan and Uzbekistan over a century to join the list of countries with high annual per capita incomes, currently at least $14,000. These forecasts are contained in World Bank analytical materials devoted to accelerating economic growth in Europe and Central Asia, Fergana.ru reports.
Experts from the International Financial Organization divided all countries into four categories based on their per capita income:
low – up to $1.1 thousand;
below average – from $1.1 thousand to $1.5 thousand;
above average – from $4.5 thousand to $14 thousand;
high – more than $14 thousand.
Analysts estimate that Turkmenistan and Kazakhstan will be the first Central Asian countries to become high-income countries. According to the schedule published in the report, this will take them less than 30 years.
In approximately 70 years, Kyrgyzstan will join the aforementioned republics. Incidentally, Belarus and Ukraine are expected to join the ranks of high-income countries in the same timeframe.
It will take Tajikistan and Uzbekistan at least a century for their populations to boast high wages. World Bank experts have also included Azerbaijan in this category.
It is noted that the corresponding forecast is based on data on economic growth in individual countries over the past 10 years, including the period of recession caused by the COVID-19 pandemic.
