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

The latest value for GNI per capita, Atlas method (current US$) in Belgium was 41,820 as of 2016. Over the past 54 years, the value for this indicator has fluctuated between 47,920 in 2010 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 2,800
1971 3,090
1972 3,660
1973 4,710
1974 6,020
1975 6,940
1976 7,620
1977 8,260
1978 9,610
1979 11,790
1980 14,050
1981 13,260
1982 11,240
1983 9,470
1984 8,910
1985 8,870
1986 10,210
1987 13,160
1988 17,090
1989 18,120
1990 19,400
1991 20,680
1992 23,280
1993 23,520
1994 25,210
1995 27,200
1996 28,760
1997 28,650
1998 26,720
1999 26,180
2000 26,040
2001 24,530
2002 24,130
2003 27,120
2004 32,970
2005 37,850
2006 40,030
2007 42,780
2008 46,720
2009 46,270
2010 47,920
2011 47,080
2012 47,190
2013 47,330
2014 46,940
2015 44,340
2016 41,820

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