Emerging Markets Definition and World Market Groups

Following the World Bank’s current definition of a Developing Country, Vital Wave Consulting defines emerging markets as countries that have a gross national income (GNI) of $11,456 or less per capita. Within emerging markets, Vital Wave Consulting distinguishes between three sub-groups according to market size (population) and economic attractiveness (GNI per capita in purchasing power parity terms).This summary provides definitions and country lists for each subgroup and is one of the only available definitions summary for businesses operating in emerging markets.

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