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

The latest value for GNI per capita, Atlas method (current US$) in Iceland was 62,410 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between 72,900 in 2019 and 1,540 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 1,540
1963 1,740
1964 2,050
1965 2,440
1966 2,980
1967 3,110
1968 2,790
1969 2,490
1997 28,480
1998 29,270
1999 30,400
2000 31,540
2001 30,700
2002 30,930
2003 33,710
2004 42,020
2005 50,520
2006 53,450
2007 61,880
2008 50,060
2009 41,860
2010 36,270
2011 37,610
2012 40,690
2013 46,960
2014 48,090
2015 49,940
2016 54,910
2017 60,230
2018 67,760
2019 72,900
2020 62,410

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