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

The latest value for GNI per capita, Atlas method (current US$) in Barbados was 14,350 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between 17,380 in 2019 and 5,910 in 1986.

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
1986 5,910
1987 6,690
1988 7,430
1989 7,860
1990 7,600
1991 7,570
1992 7,460
1993 7,690
1994 8,010
1995 8,340
1996 8,700
1997 9,050
1998 9,420
1999 9,820
2000 10,780
2001 10,630
2002 10,650
2003 11,300
2004 12,290
2005 13,240
2006 14,220
2007 15,530
2008 16,180
2009 15,730
2010 15,540
2011 15,050
2012 15,720
2013 15,660
2014 15,630
2015 15,740
2016 15,920
2017 16,070
2018 16,700
2019 17,380
2020 14,350

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