Iran GDP per capita ranking improves

SHADA- According to the World Bank report, Irans GDP per capita ranking in 2015 rose one spot to 90th.

According to the World Bank's July 2016 report, despite a 46 percent decline in oil prices, Iran's GDP per capita ranking in 2015 rose one spot compared to 2014.

The World Bank divides countries into four categories in terms of their National Income per capita: low-income, lower-middle income, upper middle income and high income.

The World Bank's July 2016 report shows that among 216 countries Qatar has the highest rank in purchasing power with a GDP per capita of $140,720 and South Africa has the lowest ranking with a GDP per capita of $600.

According to the report, Iran's ranking is 90th with a GDP per capita of $17,400, staying in the upper middle income economies.

In the region and oil-producing countries, only Iran and the UAE's GDP per capita rankings experienced one step improve in 2015.