Merchandise trade summary statistics data for canada can including exports and imports, applied tariffs, top export and import by partner countries and top exportedimported product groups, along with development indicators from wdi such as gdp, gni per capita, trade balance and trade as percentage of gdp for year. Rankings include all 208 world bank atlas economies, but only those with confirmed atlas gni per capita estimates or those that rank among the top twenty are. Gni measures the total domestic and foreign value added claimed by residents, and comprises gdp plus net receipts of primary income compensation of employees and property income from nonresident sources. Although gni and gnp both measure economic wealth, they differ in what they include in calculations. World bank national accounts data, and oecd national accounts data files. Data learn how the world bank group is helping countries with covid19 coronavirus. Despite shortcomings of per capita income as a measure of development, the world bank, international monetary fund imf and other international agencies consider developed and developing countries in terms of gross national income gni per capita. The gni per capita is the dollar value of a countrys final income in a year, divided. More detailed data, including data by productservice and categories of productsservices, can be viewed and exported from the detailed tables, charts and technical notes section.
Official pdf, 52 pages world bank documents world bank group. Bank policy, financial terms and conditions of bank financing page 3 of 41 w. It would helpmitigate a significant and rapid reduction in ida transfers upon graduationnet, which are estimated to become negative by fy15. Gross national income per capita 2017, atlas method and ppp.
Gross national income per capita 2014, atlas method and ppp. Countries are eligible for ida on the basis of a relative poverty and b lack of creditworthiness. We base this assignment on gni per capita calculated using the atlas method. Pdf reconstruction of world banks classification of countries. Rankings include all 217 world bank atlas economies, but only those with confirmed gni per capita estimates for at least one year during last three year period. Gross domestic product gdpgross national income gni. Gni gross national income is based on a similar principle to gnp. Gross national income 2010, atlas method world bank. Gross national income 2010, atlas method millions of. World bank country groups gni per capita bold indicates a change of country classification as at 1 july 2016 2017 active membership fee.
Gross national income 2018, atlas method world bank. Gni per capita ranking, atlas method and ppp based world bank. Gross national product is the sum total all production in the economy, plus the income transfers from abroad, remittances, interest, profits, dividends etc. The purpose of the atlas conversion factor is to reduce the impact of exchange rate fluctuations in the crosscountry comparison of national incomes. Gni per capita is gross national income divided by midyear population. The updated gni per capita estimates are also used as input to the world bank s operational classification of economies that determines. This is a list of countries by gross national income per capita in 2018 at nominal values, according to the atlas method, an indicator of income developed by the world bank. Gni per capita ranking, atlas method and ppp based. Countries by nominal gni per capita according to the atlas method 2018 methodology. The methods currently in use for this have previously been agreed with the world banks board of executive directors world bank, 2000.
Wdi the world by income and region world bank open data. The data are for the different sovereign countries of the world. The world bank systematically assesses the appropriateness of official exchange rates as conversion factors. Each year on july 1, the world bank revises analytical classification of the world s economies based on estimates of gross national income gni per capita for the previous year. Per 50 peru 207,102 nzl 51 new zealand 198,566 irq 52 iraq 193,558 qat 53 qatar 170,097. Updated country income classifications for the world bank s 2020 fiscal year are available here. World development indicators database, world bank, 1 july 2018.
Gross national income 2010, atlas method millions of ranking economy us dollars 1 united states 14,600,828. Gross national income per capita ranking table based on the world bank atlas method and purchasing power parity ppp. The world bank compares gni per capita among countries to size up their standards of. Gross national income per capita 2016, atlas method and ppp. Gni includes income coming in from foreign sources, whether these are from the nations citizens or not. Ida also supports some countries, including several small island economies, that are above the operational cutoff but lack the creditworthiness needed to borrow from the international bank for reconstruction and. In the tables below mean and median wealth per adult are reported. Interestingly, the result proves that the wb classification is not based only on gross national income gni per capita. The world bank favors the atlas method for comparing the relative size of economies, and uses it to classify countries in low, middle and highincome categories and to set lending eligibilities, in order to reduce shortterm. World development indicators, the world bank data notes. Gdp per capita gross domestic product gdp is the sum of value added by all resident producers plus any product taxes less subsidies not included in the valuation of output. Gni per capita, ppp by country in current international.
These policies were prepared for use by world bank staff and are not necessarily a complete treatment of the subject. Difference between gnp, gdp and gni economics help. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces. The change in gni per capita income thresholds over time calculated by the world bank using the atlas methodology, separating countries into four different income classifications.
Gross national income per capita 2018, atlas method and ppp. Pdf on apr 11, 2000, jim thomas and others published the world banks measure of gnp per capita and income distribution find, read. Some countries, such as nigeria and pakistan, are idaeligible based on per capita income levels and are also creditworthy for some ibrd borrowing. Gross national income 2010, atlas method millions of ranking economy us dollars 63 iraq 74,885 65 cuba 62,204 a 66 ecuador 62,106 67 croatia 60,965 68 belarus 58,169 69 syrian arab republic 57,003 70 sudan 55,277 71 oman 49,840 a 72 dominican republic 49,662 73 slovenia 49,276 74 bulgaria 47,159 75 sri lanka 46,738 76 azerbaijan 45,983 77. The world bank classifies the world s economies into four income groups high, uppermiddle, lowermiddle, and low. However, the strong devaluation in 2018 will impact on the gni per capita and the countrys classification. Gross national income per capita 2018, atlas method. Rankings include all 214 world bank atlas economies, but only those with confirmed gni per capita estimates or those that rank among the top twenty for the atlas method are shown in rank. Updated country income classifications for the world banks 2020 fiscal year are available here. Updated country income classifications for the world bank s 2019 fiscal year are available here. The ida lending terms are determined with reference to recipient countries risk of debt distress, the level of gni per capita, and creditworthiness for the international bank for reconstruction and development ibrd borrowing. The methods currently in use for this have previously been agreed with the world bank s board of executive directors world bank, 2000. Gross national income per capita 2017, atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 1 isle of man 82,650 a 1 qatar 128,060 2 switzerland 80,560 2 macao sar, china 96,570 a 3 norway 75,990 3 singapore 90,570 4 luxembourg 70,260 4 brunei darussalam 83,760.
It divides countries into four groupslow income, lower middle income, upper middle income, and high incomeusing gross national income gni per capita. Stunting rates decline with per capita income, but the elasticity with respect to per capita gdp i. Countries without a data point from last three years are not ranked. The world bank assigns the worlds economies into four income groups high, uppermiddle, lowermiddle, and low. For this purpose it uses gross national income gni per capita data in u. Updated country income classifications for the world banks 2018 fiscal year are available here. The world bank atlas method detailed methodology gni per capita is gross national income divided by midyear population. When it comes to income, the world bank divides the world s economies into four income groups. As of 1 july 20, the world bank income classifications by gni per capita are as follows. List of countries by gni nominal per capita wikipedia. The world bank classifies the worlds economies into four income groups high, uppermiddle, lowermiddle, and low. The world bank classifies economies for analytical purposes into four income groups.
World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Gross domestic product gdpgross national income gni world bank s data help desk. It includes both financial and nonfinancial assets. Gross national income per capita 2016, atlas method and ppp purchasing atlas power parity methodology.
The world bank classifies different countries of the world on the basis gni per capita representing their development. Wdi the world by income and region world bank group. In calculating gross national income gniformerly referred to as gnp in u. While the term highincome is often used interchangeably with first world. The world bank assigns the world s economies into four income groups high, uppermiddle, lowermiddle, and low. Ida lending terms financing international development. Gni per capita 2001, atlas method and ppp world bank. The economy of singapore is a highly developed freemarket economy. Why cant i find estimates of gross national product gnp.
Gni per capita formerly gnp per capita is the gross national income, converted to u. World development indicators database, world bank, 23 december 2019. Learn how the world bank group is helping countries with covid19 coronavirus. Gni per capita in us dollars is converted using the world bank atlas method. Gross national income per capita 2017, atlas method and ppp purchasing atlas power parity methodology international. Gross domestic product gdpgross national income gni 4 articles. The world by income classified according to world bank. The income classification is based on a measure of national income per person, or gni per capita, calculated using the atlas method. Gni is gross national income gross national product, or gnp, in previous editions.
It presents the most current and accurate global development data available, and includes national, regional and global estimates. Eligibility for ida support depends first and foremost on a countrys relative poverty, defined as gni per capita below an established threshold and updated annually. Rankings include all 215 world bank atlas economies, but only those with confirmed gni per capita estimates or those that rank among the top twenty for the atlas method are shown in rank. Rates of stunting among underfives vary considerably around the world, from 57% in burundi to less than 2% in chile. Gross national income 2018, atlas method millions of. The world bank atlas method detailed methodology world. World bank country groups gni per capita bold indicates a change of country classification as at 1 july 2019 2020 active membership fee. The world bank classifies economies as lowincome, lowermiddleincome.
For fy20 the classification uses gni per capita for 2018. Updated country income classifications for the world banks 2019 fiscal year are available here. Singapores economy has been ranked as the most open in the world, 3rd least corrupt, most probusiness, with low tax rates 14. Gni per capita 2005, atlas method and ppp world bank. Official pdf, 430 pages world bank documents world bank group. Gni is the sum of value added by all resident producers plus any product taxes less subsidies not included in the valuation of output plus net receipts of primary income compensation of employees and property income from. The updated gni per capita estimates are also used as input to the bank s operational classification of economies, which determines their lending eligibility. The world banks classification of countries by income. Gni ranking, atlas method gni data catalog world bank. Updated country income classifications for the world bank s 2018 fiscal year are available here. For example, generally people living in countries with higher gni per capita tend to have longer life expectancies, higher literacy rates, better access to safe water, and lower infant mortality rates. For argentina, an alternative conversion factor has been calculated using a. Every economy is classified as low income, middle income subdivided.
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