This is a list of countries by gross national income per capita in 2020 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank.
The GNI per capita is the dollar value of a country's final income in a year, divided by its population. It should be reflecting the average before tax income of a country's citizens.
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 country and its people. All data is in U.S. dollars. Rankings shown are those given by the World Bank. Non-sovereign entities or other special groupings are marked in italics.
|
|
|
|
|
|
|
|
| High-income group | ||||
|---|---|---|---|---|
 Andorra | ||||
 British Virgin Islands (UK) | ||||
 Cook Islands (New Zealand) | ||||
 Faroe Islands (Denmark) | ||||
 Gibraltar (UK) | ||||
 Guam (US) | ||||
 Monaco | ||||
 Northern Mariana Islands (US) | ||||
 Saint Martin (France) | ||||
 San Marino | ||||
 Taiwan | ||||
 U.S. Virgin Islands (US) | ||||
| Upper-middle-income group | ||||
 American Samoa (US) | ||||
 Venezuela | ||||
| Low-income group | ||||
 South Korea | ||||
Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three-World Model | |||||
| Gross domestic product (GDP) |
| ||||
| Gross national income (GNI) | |||||
| Wages | |||||
| Wealth | |||||
| Other national accounts | |||||
| Human development | |||||
| Digital divide | |||||
| Net international investment position (NIIP) | |||||
A country or state is a distinct territorial body or political entity. It may be an independent sovereign state or part of a larger state, as a non-sovereign or formerly sovereign political division, a physical territory with a government, or a geographic region associated with sets of previously independent or differently associated peoples with distinct political characteristics. It is not inherently sovereign.
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.
Per capita income (PCI) or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population.
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign 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. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI. In 2017, Irish GDP was 162% of Irish Modified GNI.
An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. The 10 largest emerging and developing economies by either nominal or PPP-adjusted GDP are 4 of the 5 BRICS countries along with Indonesia, Iran, South Korea, Mexico, Saudi Arabia, Taiwan and Turkey.
The following table lists the independent European states and their memberships in selected organisations and treaties.
The Atlas method is a method used by the World Bank since 1993 to estimate the size of economies in terms of gross national income (GNI) in U.S. dollars.
A high-income economy is defined by the World Bank as a nation with a gross national income per capita of US$12,696 or more in 2020, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies." According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. Although the Vatican City is a sovereign state, it is not classified by the World Bank under this definition.
Income in India discusses the financial state in India. With rising economic growth and prosperity, India’s income is also rising rapidly. As an overview, India's per capita net national income or NNI was around 135 thousand rupees in 2020. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GNI growth rate at constant prices was around 6.6 percent. While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the gross domestic product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation.
1 These countries are currently not participating in the EU's single market (EEA), but the EU has common external Customs Union agreements with Turkey, Andorra and San Marino. Monaco participates in the EU customs union through its relationship with France; its ports are administered by the French. Vatican City has a customs union in effect with Italy.
2 Monaco, San Marino and Vatican City are not members of Schengen, but act as such via their open borders with France and Italy, respectively.
3 Switzerland is not an official member of EEA but has bilateral agreements largely with same content, making it virtual member.
This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth.
—The following table lists the independent African states, and their memberships in selected organisations and treaties.
