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List of countries by GNI (nominal) per capita. This is a list of countries by gross national income per capita in 2022 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. [1]
GNI per capita, Atlas method (current US$) from The World Bank: Data. Free and open access to global development data. Data. ... All Countries and Economies. Country.
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- Comparing GNI to GNI Per Capita
- GNI, The Atlas Method, and Purchasing Power Parity
- What GNI Does Not Indicate
- Selected Profiles of Countries with High GNIS Per Capita
GNI is an excellent measure of the true output of a nation's economy, free of the distortions that can be caused to GDP by a country's international tax laws. However, like GDP, a country's GNI is heavily influenced by its population. As a rule, a higher population leads to a larger workforce and in turn to a larger GDP. A country with a smaller po...
Because most countries in the world have their own currency and the relative values of those currencies are always in flux, GNI is usually converted into a standard monetary unit using one of two techniques. First is the Atlas method, which converts each country's data to U.S. dollars (USD), using either a benchmark year (such as 2017 dollars) or t...
Although GNI is arguably the most accurate at-a-glance measurement of a country's overall economic health, it is not in any way indicative of the actual wages earned by a typical worker in a given country. GNI cannot track income inequality. A country in which 10,000 residents each earned $100,000 a year would have the same GNI per capita as a coun...
Bermuda
Tourists know this British territory for its beautiful beaches, but global economists know it as one of the highest-income countries in the world. While tourism is still a tentpole of Bermuda's economy, the country's financial services, particularly in the international insurance sector, generate the largest portion of its income. This, combined with the country's comparatively tiny population, is a main reason for its massive GNI per capita.
Although Iceland's economy was negatively affected by the 2008 global financial crisis(and, like the rest of the world, the 2020 COVID-19 shutdown), its economy has rebounded and grown, especially in the tourism sector. In the past, Iceland's economy relied heavily on fisheries, but tourism has since become the country's primary export industry.
Ireland was the first country in the European Union to fall into a recession during the 2008 financial crisis, and gained a reputation as one of the world's leading tax haven countriesstarting around 2015. These days, many (but not all) economists have softened their stance on the integrity of the country's financial dealings. Either way, there's no denying the impact that financial services have on Ireland's GNI per capita. Ireland is also one of the world's leading exporters of pharmaceutic...
[1] The World Bank favors the Atlas method as a means of comparing the relative economic sizes of countries. It is utilized to classify nations into low, middle, and high-income categories, as well as to establish eligibility for lending purposes.
PPP figures are extrapolated from 2017 benchmark estimates by the International Comparison Program (ICP), unless otherwise footnoted. Note: Table list 217 economies, but rankings include only those with confirmed GNI per capita estimates for at least one year during the last three years period.
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.
