GNI, Atlas method (current US$)

GNI (formerly GNP) 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 abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. Development relevance: Because development encompasses many factors - economic, environmental, cultural, educational, and institutional - no single measure gives a complete picture. However, the total earnings of the residents of an economy, measured by its gross national income (GNI), is a good measure of its capacity to provide for the well-being of its people. Statistical concept and methodology: In calculating GNI and GNI per capita in U.S. dollars for certain operational purposes, the World Bank uses the Atlas conversion factor. The purpose of the Atlas conversion factor is to reduce the impact of exchange rate fluctuations in the cross-country comparison of national incomes. The Atlas conversion factor for any year is the average of a country's exchange rate (or alternative conversion factor) for that year and its exchange rates for the two preceding years, adjusted for the difference between the rate of inflation in the country and that in Japan, the United Kingdom, the United States, and the Euro area. A country's inflation rate is measured by the change in its GDP deflator. The inflation rate for Japan, the United Kingdom, the United States, and the Euro area, representing international inflation, is measured by the change in the SDR deflator. (Special drawing rights, or SDRs, are the International Monetary Fund's unit of account.) The SDR deflator is calculated as a weighted average of these countries' GDP deflators in SDR terms, the weights being the amount of each country's currency in one SDR unit. Weights vary over time because both the composition of the SDR and the relative exchange rates for each currency change. The SDR deflator is calculated in SDR terms first and then converted to U.S. dollars using the SDR to dollar Atlas conversion factor. The Atlas conversion factor is then applied to a country's GNI. The resulting GNI in U.S. dollars is divided by the midyear population to derive GNI per capita. The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used in the Atlas formula when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Global
Records
16960
Source
GNI, Atlas method (current US$)
country_code year value
ABW 1960
AFE 1960
AFG 1960
AFW 1960
AGO 1960
ALB 1960
AND 1960
ARB 1960
ARE 1960
ARG 1960
ARM 1960
ASM 1960
ATG 1960
AUS 1960
AUT 1960
AZE 1960
BDI 1960
BEL 1960
BEN 1960
BFA 1960
BGD 1960
BGR 1960
BHR 1960
BHS 1960
BIH 1960
BLR 1960
BLZ 1960
BMU 1960
BOL 1960
BRA 1960
BRB 1960
BRN 1960
BTN 1960
BWA 1960
CAF 1960
CAN 1960
CEB 1960
CHE 1960
CHI 1960
CHL 1960
CHN 1960
CIV 1960
CMR 1960
COD 1960
COG 1960
COL 1960
COM 1960
CPV 1960
CRI 1960
CSS 1960
CUB 1960
CUW 1960
CYM 1960
CYP 1960
CZE 1960
DEU 1960
DJI 1960
DMA 1960
DNK 1960
DOM 1960
DZA 1960
EAP 1960
EAR 1960
EAS 1960
ECA 1960
ECS 1960
ECU 1960
EGY 1960
EMU 1960
ERI 1960
ESP 1960
EST 1960
ETH 1960
EUU 1960
FCS 1960
FIN 1960
FJI 1960
FRA 1960
FRO 1960
FSM 1960
GAB 1960
GBR 1960
GEO 1960
GHA 1960
GIB 1960
GIN 1960
GMB 1960
GNB 1960
GNQ 1960
GRC 1960
GRD 1960
GRL 1960
GTM 1960
GUM 1960
GUY 1960
HIC 1960
HKG 1960
HND 1960
HPC 1960
HRV 1960

GNI, Atlas method (current US$)

GNI (formerly GNP) 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 abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. Development relevance: Because development encompasses many factors - economic, environmental, cultural, educational, and institutional - no single measure gives a complete picture. However, the total earnings of the residents of an economy, measured by its gross national income (GNI), is a good measure of its capacity to provide for the well-being of its people. Statistical concept and methodology: In calculating GNI and GNI per capita in U.S. dollars for certain operational purposes, the World Bank uses the Atlas conversion factor. The purpose of the Atlas conversion factor is to reduce the impact of exchange rate fluctuations in the cross-country comparison of national incomes. The Atlas conversion factor for any year is the average of a country's exchange rate (or alternative conversion factor) for that year and its exchange rates for the two preceding years, adjusted for the difference between the rate of inflation in the country and that in Japan, the United Kingdom, the United States, and the Euro area. A country's inflation rate is measured by the change in its GDP deflator. The inflation rate for Japan, the United Kingdom, the United States, and the Euro area, representing international inflation, is measured by the change in the SDR deflator. (Special drawing rights, or SDRs, are the International Monetary Fund's unit of account.) The SDR deflator is calculated as a weighted average of these countries' GDP deflators in SDR terms, the weights being the amount of each country's currency in one SDR unit. Weights vary over time because both the composition of the SDR and the relative exchange rates for each currency change. The SDR deflator is calculated in SDR terms first and then converted to U.S. dollars using the SDR to dollar Atlas conversion factor. The Atlas conversion factor is then applied to a country's GNI. The resulting GNI in U.S. dollars is divided by the midyear population to derive GNI per capita. The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used in the Atlas formula when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Global
Records
16960
Source