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

The latest value for GNI per capita, Atlas method (current US$) in Australia was 53,680 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between 66,050 in 2013 and 1,870 in 1962.

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
1962 1,870
1963 1,970
1964 2,110
1965 2,270
1966 2,350
1967 2,540
1968 2,730
1969 2,980
1970 3,270
1971 3,470
1972 3,890
1973 4,650
1974 5,950
1975 7,220
1976 7,870
1977 8,080
1978 8,470
1979 9,600
1980 10,830
1981 11,870
1982 12,080
1983 11,590
1984 12,030
1985 12,010
1986 12,300
1987 12,550
1988 14,120
1989 15,590
1990 17,330
1991 18,220
1992 18,540
1993 18,900
1994 18,860
1995 19,290
1996 20,480
1997 21,930
1998 21,780
1999 21,440
2000 21,130
2001 20,160
2002 20,030
2003 21,170
2004 25,570
2005 30,390
2006 34,150
2007 37,340
2008 42,360
2009 44,050
2010 46,690
2011 50,380
2012 60,260
2013 66,050
2014 65,180
2015 60,490
2016 54,090
2017 51,480
2018 53,070
2019 54,910
2020 53,680

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