Slovak Republic - GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Slovak Republic was 18,920 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 19,250 in 2019 and 4,220 in 1995.

Definition: 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. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. 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. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. 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). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 4,220
1996 5,020
1997 5,420
1998 5,430
1999 5,380
2000 5,540
2001 5,730
2002 6,040
2003 6,980
2004 9,060
2005 11,370
2006 12,950
2007 14,940
2008 17,290
2009 17,150
2010 17,550
2011 17,510
2012 17,760
2013 18,200
2014 18,280
2015 17,700
2016 16,790
2017 16,620
2018 18,340
2019 19,250
2020 18,920

Statistical Concept and Methodology: The World Bank uses Atlas method GNI per capita in U.S. dollars to classify countries for analytical purposes and to determine borrowing eligibility. For more information, see the metadata for Atlas method GNI in current U.S. dollars (NY.GNP.ATLS.CD) and total population (SP.POP.TOTL).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts