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

The latest value for GNI per capita, Atlas method (current US$) in Iceland was 67,960 as of 2018. Over the past 56 years, the value for this indicator has fluctuated between 67,960 in 2018 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
1970 2,650
1971 3,080
1972 3,740
1973 4,960
1974 6,690
1975 7,490
1976 7,970
1977 9,010
1978 10,860
1979 13,180
1980 15,440
1981 16,240
1982 15,100
1983 12,580
1984 11,900
1985 11,930
1986 14,250
1987 19,100
1988 23,470
1989 24,210
1990 24,810
1991 25,260
1992 26,510
1993 26,100
1994 25,660
1995 25,490
1996 27,320
1997 28,090
1998 29,070
1999 30,400
2000 31,550
2001 30,710
2002 30,930
2003 33,720
2004 42,030
2005 50,700
2006 53,610
2007 61,930
2008 50,100
2009 41,850
2010 36,250
2011 37,590
2012 40,680
2013 46,960
2014 48,230
2015 50,150
2016 55,120
2017 60,740
2018 67,960

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