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

The latest value for GNI per capita, Atlas method (current US$) in Belgium was 45,910 as of 2018. Over the past 56 years, the value for this indicator has fluctuated between 47,880 in 2013 and 1,450 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 1,450
1963 1,530
1964 1,670
1965 1,800
1966 1,950
1967 2,100
1968 2,270
1969 2,510
1970 2,790
1971 3,080
1972 3,640
1973 4,690
1974 6,000
1975 6,910
1976 7,580
1977 8,220
1978 9,560
1979 11,730
1980 13,980
1981 13,190
1982 11,180
1983 9,430
1984 8,860
1985 8,820
1986 10,170
1987 13,090
1988 17,010
1989 18,030
1990 19,310
1991 20,580
1992 23,170
1993 23,410
1994 25,090
1995 27,070
1996 28,550
1997 28,450
1998 26,530
1999 25,980
2000 25,860
2001 24,430
2002 24,000
2003 27,030
2004 32,810
2005 37,730
2006 39,900
2007 42,700
2008 46,470
2009 46,840
2010 46,950
2011 46,400
2012 47,100
2013 47,880
2014 47,800
2015 45,540
2016 43,440
2017 42,720
2018 45,910

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