By 2030, the middle-class population in Asia-Pacific is expected to increase from **** billion people in 2015 to **** billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from *** million in 2015 to *** million in 2030. Worldwide wealth While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around ** percent of the world’s population had assets valued at less than 10,000 U.S. dollars, while less than *** percent had assets of more than one million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percentage of non-investable assets. The middle-class The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth among the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle class.

Within the ASEAN region, Vietnam was predicted to have the highest CAGR in terms of middle income population with **** percent from 2016 to 2021. It was estimated that the middle class population in Vietnam will amount to ** million by 2030.

Graph and download economic data for Population Growth for Middle Income Countries (SPPOPGROWMIC) from 1961 to 2024 about income, population, and rate.

Graph and download economic data for Population Growth for Low and Middle Income Countries (SPPOPGROWLMY) from 1961 to 2024 about income, population, and rate.

This statistic shows the number of China's middle class population in 2002 and a forecast for 2020. According to the forecast, the middle class in China would grow to approximately *** million by 2020.

In striking contrast to the notion that democracy is under threat because ‘the middle’ has been ‘squeezed’ over recent decades, Iversen and Soskice (2019) in their book, Democracy and Prosperity, present an optimistic account about the future of democracy. This paper examines their key assumption that the symbiosis between democracy and advanced capitalism is underpinned by electorally decisive middle-class voters that secure a constant share of economic growth. Using comprehensive data on income trends, it is shown that this claim does not stand up to scrutiny: median income has often lagged behind the mean in household surveys, rather than kept pace with it as Iversen and Soskice claim. Strong real income growth has generally not compensated the middle for lagging behind. The varying fortunes of the middle in securing its share of economic growth have implications for the broader debate about inequality and democracy.

United States - Population Growth for Middle Income Countries was 0.76518 % Chg. at Annual Rate in January of 2023, according to the United States Federal Reserve. Historically, United States - Population Growth for Middle Income Countries reached a record high of 2.42826 in January of 1966 and a record low of 0.76181 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Population Growth for Middle Income Countries - last updated from the United States Federal Reserve on July of 2025.

United States - Population Growth for Upper Middle Income Countries was 0.22066 % Chg. at Annual Rate in January of 2023, according to the United States Federal Reserve. Historically, United States - Population Growth for Upper Middle Income Countries reached a record high of 2.49041 in January of 1966 and a record low of 0.22066 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Population Growth for Upper Middle Income Countries - last updated from the United States Federal Reserve on September of 2025.

Between the financial year 2016 and 2021, the number of super-rich households in India earning more than ** million Indian rupees recorded an annual growth of **** percent. The growth is expected to continue in the next decade at **** percent. This will be the fastest growth across all income categories. The share of destitute households is expected to decline by almost * percent between financial 2021 and 2031.

This study examines the middle-income trap hypothesis, a concept widely debated in economic literature. It aims to systematize various definitions of the concept and assess how definitional differences influence conclusions about development paths and income group transitions. Econometric analysis reveals that these differences have minimal impact on transition probabilities, making discussions on the trap's formation factors largely definition-independent. Sharp economic slowdowns linked to the trap arise from factors distinct from those driving upward income transitions but may signal a long-term decline in the likelihood of such transitions. The definitional diversity complicates applying the hypothesis to specific countries.

Disposable Income per Capita: Middle Income data was reported at 33,925.000 RMB in 2024. This records an increase from the previous number of 32,195.000 RMB for 2023. Disposable Income per Capita: Middle Income data is updated yearly, averaging 24,111.810 RMB from Dec 2013 (Median) to 2024, with 12 observations. The data reached an all-time high of 33,925.000 RMB in 2024 and a record low of 15,697.999 RMB in 2013. Disposable Income per Capita: Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level.

Middle-income trap refers to the economic growth strategies that transition low-income countries into middle-income ones but fail to transition the middle-income countries into high-income countries. We observe the existence of a middle-income trap for upper-middle- and lower middle-income countries. We examine the reasons for the middle-income trap using the Bayesian model averaging (BMA) and generalized method of moments (GMM). We also explore the transformation of middle-income economies into high-income economies using logistic, probit and Limited Information Maximum Likelihood (LIML) regression analyses. Random forest analysis is also used to check the robustness of the findings. BMA analysis shows that education plays an enabling role in high-income countries in determining economic growth, whereas the full poten tial of education is not fully utilized in middle-income countries. GMM estimations show that the education coefficient is positive and significant for high-income and middle-income countries. This implies that education plays a decisive positive role in achieving economic growth and gives a path to escape from the middle-income trap. However, the education coefficient for middle-income countries is approximately half that of high-income countries. Therefore, the findings of this study call for additional investment and focused strategies relating to human capital endowments

In 2024, the number of people living in the middle class and above in Indonesia amounted to over ***** million. In Brunei, over ***** thousand people were middle class and above, accounting for 100 percent of the country's population that year.

Pahl, S., Timmer, M.P., Gouma, F.R., &Woltjer, P.J., (2022). Jobs and Productivity Growth in Global Value Chains: New Evidence for Twenty-five Low- and Middle- Income Countries. The World Bank Economic Review, 2022;, lhac003, https://doi.org/10.1093/wber/lhac003 Associated working paper and supplementary material

United States - Population Growth for Lower Middle Income Countries was 1.26841 % Chg. at Annual Rate in January of 2023, according to the United States Federal Reserve. Historically, United States - Population Growth for Lower Middle Income Countries reached a record high of 2.50672 in January of 1983 and a record low of 1.23298 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Population Growth for Lower Middle Income Countries - last updated from the United States Federal Reserve on July of 2025.

The average for 2023 based on 37 countries was 10.68 percent. The highest value was in Samoa: 154.34 percent and the lowest value was in Equatorial Guinea: -28.95 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

The average for 2023 based on 40 countries was 2.93 percent. The highest value was in Mongolia: 33.16 percent and the lowest value was in Kiribati: -20.1 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Disposable Income per Capita: Urban: Middle Income data was reported at 48,508.000 RMB in 2024. This records an increase from the previous number of 46,276.000 RMB for 2023. Disposable Income per Capita: Urban: Middle Income data is updated yearly, averaging 8,678.295 RMB from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 48,508.000 RMB in 2024 and a record low of 737.280 RMB in 1985. Disposable Income per Capita: Urban: Middle Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Income by Income Level. Since 2013, All households in the sample are grouped, by per capita disposable income of the household, into groups of low income, lower middle income, middle income, upper middle income, and high income, each group consisting of 20%, 20%, 20%, 20%, and 20% of all households respectively.

This statistic compares the share of the global wealth middle class population in China in 2000 and 2020. In 2020, China accounted for around ** percent of the global wealth middle class population, an increase from around ** percent in 2000.

Population Growth for Low and Middle Income Countries was 0.98006 % Chg. at Annual Rate in January of 2023, according to the United States Federal Reserve. Historically, Population Growth for Low and Middle Income Countries reached a record high of 2.43196 in January of 1966 and a record low of 0.96672 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Population Growth for Low and Middle Income Countries - last updated from the United States Federal Reserve on September of 2025.