Korea, Rep. | GNI per capita, Atlas method (current US$)

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. 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 abroad. 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. Statistical concept and methodology: The World Bank uses Atlas method GNI per capita in U.S. dollars to classify countries for analytical purposes and to determine borrowing eligibility. For more information, see the metadata for Atlas method GNI in current U.S. dollars (NY.GNP.ATLS.CD) and total population (SP.POP.TOTL).
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | GNI per capita, Atlas method (current US$)
year value
1960
1961
1962 120
1963 120
1964 130
1965 130
1966 140
1967 150
1968 190
1969 240
1970 280
1971 310
1972 340
1973 430
1974 550
1975 660
1976 810
1977 970
1978 1280
1979 1680
1980 1870
1981 2030
1982 2050
1983 2170
1984 2340
1985 2480
1986 2850
1987 3530
1988 4520
1989 5380
1990 6450
1991 7570
1992 8310
1993 9010
1994 10090
1995 11820
1996 13320
1997 13550
1998 10330
1999 10430
2000 11030
2001 11950
2002 12850
2003 13790
2004 16200
2005 18520
2006 20800
2007 23440
2008 23860
2009 22040
2010 22280
2011 23580
2012 25650
2013 26970
2014 28160
2015 28720
2016 29330
2017 30290
2018 32740
2019 33830
2020 33040
2021 35200
2022 36190

Korea, Rep. | GNI per capita, Atlas method (current US$)

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. 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 abroad. 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. Statistical concept and methodology: The World Bank uses Atlas method GNI per capita in U.S. dollars to classify countries for analytical purposes and to determine borrowing eligibility. For more information, see the metadata for Atlas method GNI in current U.S. dollars (NY.GNP.ATLS.CD) and total population (SP.POP.TOTL).
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source