List of countries by GNI (nominal, Atlas method) per capita

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This is a list of countries by Gross National Income per capita in 2017 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank.

Per capita income mean income of the people in an economic unit such as a country or city

Per capita income (PCI) or average 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 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.

The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

Contents

Countries by nominal GNI per capita according to the Atlas method (2016) Countries by GNI (nominal, Atlas method) per capita in 2016.png
Countries by nominal GNI per capita according to the Atlas method (2016)

Methodology

The GNI per capita is the dollar value of a country’s final income in a year, divided by its population. It reflects the average 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. For example, generally people living in countries with higher GNI per capita tend to have longer life expectancies, higher literacy rates, better access to safe water, and lower infant mortality rates.

An individual’s or a socioeconomic class’s standard of living is the level of wealth, comfort, material goods, and necessities available to them in a certain geographic area, usually a country. The standard of living includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, amount of leisure time every year, affordable access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability,freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life.

The social environment, social context, sociocultural context or milieu refers to the immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact.

All data is in United States dollars. Rankings shown are those given by the World Bank. Non-sovereign entities or other special groupings are marked in italics.

List of countries and dependencies

High-income group

Upper-middle-income group

Lower-middle-income group

Low-income group

No Data

See also

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 US$12,056 or more in 2017, 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 Holy See is a sovereign state, it is not classified by the World Bank under this definition.

Notes and references

  1. 1 2 3 4 5 6 7 8 "GNI per capita, Atlas method (current US$)". The World Bank.
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