low- and middle-income countries

Low- and middle-income countries (LMICs) are nations classified based on their economic development and average income levels. Low-income countries have lower gross national income per person, often facing challenges like limited access to healthcare, education, and infrastructure. Middle-income countries have moderate income levels, with more improved services but still facing development hurdles. These categories help international organizations tailor aid, investments, and policies to support economic growth and improve living standards in these regions. Examples include countries in Africa, parts of Asia, and Latin America.