Jordan is classified by the World Bank as an "upper-middle income" country. However, approximately 14.4% of the population lives below the national poverty line on a longterm basis (), while almost a third fell below the national poverty line during some time of the year—known as transient poverty. The economy, which has a GDP of $39.453 billion (), grew at an average rate of 8% per annum between 2004 and 2008, and around 2.6% 2010 onwards. GDP per capita rose by 351% in the 1970s, declined 30% in the 1980s, and rose 36% in the 1990s—currently $9,406 per capita by purchasing power parity. The Jordanian economy is one of the smallest economies in the region, and the country's populace suffers from relatively high rates of unemployment and poverty.