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

The latest value for GNI per capita, Atlas method (current US$) in Cyprus was 26,440 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between 32,780 in 2009 and 1,520 in 1977.

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
1977 1,520
1978 1,800
1979 2,400
1980 3,390
1981 4,050
1982 4,490
1983 4,220
1984 4,360
1985 4,480
1986 5,020
1987 6,300
1988 7,910
1989 8,570
1990 9,300
1991 9,460
1992 11,020
1993 10,970
1994 11,680
1995 12,810
1996 13,880
1997 14,280
1998 15,490
1999 14,340
2000 14,180
2001 14,170
2002 14,510
2003 16,710
2004 20,260
2005 23,990
2006 25,600
2007 27,340
2008 31,970
2009 32,780
2010 32,040
2011 32,550
2012 29,680
2013 27,830
2014 26,530
2015 26,010
2016 24,720
2017 24,960
2018 27,330
2019 28,600
2020 26,440

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