Cayman Islands - GNI per capita

GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Cayman Islands was 64,000 as of 2020. Over the past 10 years, the value for this indicator has fluctuated between 71,050 in 2011 and 42,930 in 2014.

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
2010 70,220
2011 71,050
2012 49,570
2013 44,030
2014 42,930
2015 44,380
2016 45,880
2017 52,840
2018 59,380
2019 68,200
2020 64,000

GNI per capita (current LCU)

The value for GNI per capita (current LCU) in Cayman Islands was 53,623 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 58,230 in 2011 and a minimum value of 36,051 in 2014.

Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) 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. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2010 57,849
2011 58,230
2012 41,057
2013 36,792
2014 36,051
2015 37,710
2016 39,303
2017 45,497
2018 50,032
2019 57,649
2020 53,623

GNI per capita (constant 2010 US$)

Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) 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. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2015 45,254

GNI per capita, PPP (current international $)

The latest value for GNI per capita, PPP (current international $) in Cayman Islands was 54,150 as of 2020. Over the past 10 years, the value for this indicator has fluctuated between 61,850 in 2011 and 36,380 in 2014.

Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. 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. Data are in current international dollars based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2010 59,910
2011 61,850
2012 42,510
2013 37,500
2014 36,380
2015 38,100
2016 40,050
2017 46,720
2018 51,280
2019 58,100
2020 54,150

GNI per capita, PPP (constant 2011 international $)

Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. 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. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2017 46,722

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts