Non-sovereign entities or other special groupings are marked in italics. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Singapore has the largest GDP per capita of any Southeast Asian country. 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. Methodology. However, over the years, international statistics has been gradually replacing GNP with the GNI. However, the biggest issue has been conflict and poor leadership that have plagued the nation for a long time. These two things, combined with the strong leisure and entertainment industry in the country easily place it in the second position.
The figure is obtained by diving the final annual income by the population of the country. On the other hand, the GDP is a measure of income produced within the bounds of that country by anyone. Brunei Darussalam – $83,777. Please check your download folder. All numbers come from the World Bank. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. These two resources account for at least 70% of the revenue received by the government as well as significant chunks of the GDP and export revenue. By definition, the GNI per capita of a nation simply refers to the average income of the citizens of a particular nation. 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. This means that a higher GNI per capita does not necessarily mean a better living standard for people. South Asia gni per capita for 2017 was $1,746, a 8.18% increase from 2016. For this reason, it cannot be used on its own. This country is located on the island of Borneo in the Indonesian Archipelago. This is a list of countries by gross national income per capita in 2019 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank.
List of countries by GNI (nominal, Atlas method) per capita, List of countries by GNI (PPP) per capita, List of sovereign states in Europe by GNI (nominal) per capita, "GNI per capita, Atlas method (current US$)", https://www.macrotrends.net/countries/KEN/kenya/gni-per-capita, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GNI_(nominal)_per_capita&oldid=985233303, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 October 2020, at 19:16. Qatar is easily the richest nation in the world because of the massive wealth in the form of petroleum and natural gas. Burundi highlights some of the problems that face the globe’s poorest continent, that is, Africa. The gross national income (GNI) of a nation refers to the total that is obtained after adding the gross domestic product (GDP) and net income from foreign sources.
The country has a GNI per capita of nearly $60,000, ranking 15h highest in the world. 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. Located in the East African region, the country is plagued with issues like conflict, mismanagement of public resources, overpopulation, and drought. All data is in U.S. dollars. Countries by GNI per capita.
South Asia gni per capita for 2018 was $1,915, a 9.67% increase from 2017. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. South Asia gni per capita for 2019 was $2,019, a 5.39% increase from 2018. 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). The GNI per capita is the dollar value of a country's final income in a year, divided by its population.
All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, Cheapest Countries To Start A Business Relative To Per Capita GNI, Countries With The Most Doctors Per Capita, 12 Countries With The Worst GNI Growth Per Capita, Countries With the Most Police Officers Per Capita, European Countries That Are Not Members Of The European Union, The US States Most Prone To Natural Disasters, The Largest Football (Soccer) Stadiums In The World. In other words, GNI is used to measure a nation’s income while the GDP measures the production. Please check your download folder. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. As of 2018, Luxembourg is the richest country of the world having GDP (nominal) per capita around of 113,954 current USD that is over 10 times to the world’s average of $11,368 and over 371 times of lowest ranked South Sudan of US$307.
By definition, the GNI per capita of a nation simply refers to the average income of the citizens of a particular nation. It should be reflecting the average before tax income of a country's citizens.
If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. List of countries and regions of the world by their GNI at purchasing power parity (PPP) per capita for one year (2005), in ascending order starting with the countries with the lowest GNI. For this reason, some analyses will state that the two do not point to the same thing. The figure is obtained by diving the final annual income by the population of the country.
Among the profiled nations, the Central African Republic and Burundi were the poorest nations with each having a GNI per capita of a mere $730. 3. One of its biggest criticisms is that it does not provide any indication of the living standards in a nation. Indonesia is the richest country in Southeast Asia by GDP. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. By Ferdinand Bada on April 3 2019 in World Facts. The high revenue and the relatively small population of around 2.6 million people also contribute to the high value. This page provides values for GDP per capita reported in several countries part of G20. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Unfortunately, as an indicator of the economic situation of a country, the above method has its challenges. Which country has the highest per capita income 2018? Compared to Las Vegas, Macau’s gambling industry is at least seven times as big with massive casinos such as the Venetian Macao, which is the largest globally. Based on the purchasing power parity (PPP) data from 2016, Qatar has the world’s highest GNI per capita with a figure of $128,050. One thing to note is that even though GNI and GNP are similar concepts, their calculations are a bit different. The GNI per capita is the dollar value of a country's final income in a year, divided by its population. The European country also has low unemployment and relatively equal distribution of wealth. Also known as the gross national product (GNP), the GNI is a total measure of a country’s income from both local and foreign sources. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 125 West Bank and Gaza 3,710 125 Lao PDR 7,960 126 Cabo Verde 3,630 126 Eswatini 7,940 From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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.