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

The latest value for GNI per capita, Atlas method (current US$) in Cabo Verde was 3,060.00 as of 2020. Over the past 38 years, the value for this indicator has fluctuated between 3,630.00 in 2019 and 450.00 in 1984.

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
1982 510.00
1983 470.00
1984 450.00
1985 450.00
1986 510.00
1987 650.00
1988 840.00
1989 900.00
1990 900.00
1991 910.00
1992 1,040.00
1993 1,190.00
1994 1,300.00
1995 1,410.00
1996 1,350.00
1997 1,350.00
1998 1,330.00
1999 1,370.00
2000 1,410.00
2001 1,350.00
2002 1,300.00
2003 1,520.00
2004 1,900.00
2005 2,160.00
2006 2,300.00
2007 2,820.00
2008 3,300.00
2009 3,480.00
2010 3,400.00
2011 3,510.00
2012 3,440.00
2013 3,490.00
2014 3,360.00
2015 3,210.00
2016 3,130.00
2017 3,080.00
2018 3,400.00
2019 3,630.00
2020 3,060.00

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