Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source
Sri Lanka | GNI, Atlas method (current US$)
1960
1961
1962
1963 1405747999.354
1964 1385023819.5385
1965 1458976865.8671
1966 1682425482.5407
1967 1928908398.5065
1968 1956250906.4932
1969 2088010885.3562
1970 2073586210.7858
1971 2165171110.9349
1972 2386208658.0622
1973 2801453830.1339
1974 3346092536.7751
1975 3777939629.6509
1976 3583417135.8674
1977 3678221004.4625
1978 3477995094.3761
1979 3904460040.9991
1980 4155404138.2423
1981 4626877150.166
1982 4865787583.3182
1983 4901723892.9067
1984 5306070064.6297
1985 5949650760.4101
1986 6646343071.8483
1987 7124079129.1445
1988 7681839942.8571
1989 7590241685.3394
1990 8052391844.7283
1991 8659341453.5969
1992 9730379998.237
1993 10684656982.146
1994 11535599045.232
1995 12639704709.951
1996 13658169914.444
1997 14732499171.826
1998 15136805010.153
1999 15631974448.216
2000 16406829324.615
2001 15694757178.648
2002 16102332609.674
2003 18058203355.267
2004 20629101854.184
2005 23689658658.962
2006 26808813346.151
2007 30782962486.989
2008 35804050506.245
2009 40383771861.468
2010 49278955711.211
2011 59419437952.689
2012 70730671948.107
2013 74652426828.155
2014 79204892430.028
2015 82284468108.227
2016 85336018547.65
2017 90641300923.043
2018 94384101200.287
2019 92061051539.637
2020 85067431593.79
2021 88601570413.735
2022 80075209047.77

Sri Lanka | 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source