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Knowing a country's GNI per capita is a good first step toward understanding the country's economic strengths and needs, as well as the general standard of living enjoyed by the average citizen. A country's GNI per capita tends to be closely linked with other indicators that measure the social, economic, and environmental well-being of the ...
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign financial output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. [ 2 ]: 44.
This article includes a list of countries of the world and their Gross National Income (GNI) (formerly GNP) per capita at purchasing power parity (PPP) in 2023, as reported by the World Bank. [1] Countries by GNI (PPP) per capita in 2020.
GDP per capita: Gross domestic product per capita is the average market value rendered per person. GNI per capita : Gross national income per capita is related to average income per person and mean income .
Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such as the American Community Survey. [1] This allows the calculation of per capita income for both the ...
The converted GNI in U.S. dollars is then divided by the country's midyear population to determine GNI per capita. [1] The World Bank prefers the Atlas method for comparing the economic sizes of countries. It is used to categorize countries into low, middle, and high-income groups and to determine their eligibility for loans.
World Bank high-income economy. A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$14,005 or more in 2023, calculated using the Atlas method. [1] While the term "high-income" is often used interchangeably with "First World" and " developed country," the technical definitions of these ...
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.