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

The latest value for GNI per capita, Atlas method (current US$) in Grenada was 9,410 as of 2020. Over the past 41 years, the value for this indicator has fluctuated between 9,770 in 2019 and 1,150 in 1979.

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
1979 1,150
1980 1,300
1981 1,310
1982 1,300
1983 1,280
1984 1,340
1985 1,500
1986 1,790
1987 2,200
1988 2,490
1989 2,670
1990 2,840
1991 3,040
1992 3,140
1993 3,120
1994 3,210
1995 3,310
1996 3,500
1997 3,660
1998 3,990
1999 4,310
2000 4,610
2001 4,510
2002 4,650
2003 5,290
2004 5,350
2005 6,650
2006 6,430
2007 6,830
2008 7,260
2009 6,720
2010 6,940
2011 7,060
2012 7,030
2013 7,350
2014 7,520
2015 7,750
2016 8,350
2017 8,740
2018 9,560
2019 9,770
2020 9,410

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