GNI, PPP (current international $) - Country Ranking - Central America & the Caribbean

Definition: PPP GNI (formerly PPP GNP) 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. Gross national income 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. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Dominican Republic 185,038,000,000.00 2020
2 Guatemala 146,605,000,000.00 2020
3 Panama 111,985,000,000.00 2020
4 Costa Rica 106,251,000,000.00 2020
5 Puerto Rico 76,677,890,000.00 2020
6 El Salvador 51,704,720,000.00 2020
7 Honduras 50,020,860,000.00 2020
8 Nicaragua 35,834,290,000.00 2020
9 Haiti 35,362,640,000.00 2020
10 Trinidad and Tobago 34,691,870,000.00 2020
11 Jamaica 26,465,240,000.00 2020
12 The Bahamas 12,107,890,000.00 2020
13 Barbados 3,676,853,000.00 2020
14 Cayman Islands 3,558,634,000.00 2020
15 Belize 2,475,657,000.00 2020
16 St. Lucia 2,196,371,000.00 2020
17 Antigua and Barbuda 1,754,205,000.00 2020
18 Grenada 1,737,970,000.00 2020
19 St. Vincent and the Grenadines 1,413,702,000.00 2020
20 St. Kitts and Nevis 1,393,119,000.00 2020
21 Dominica 802,732,100.00 2020

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Development Relevance: Because development encompasses many factors - economic, environmental, cultural, educational, and institutional - no single measure gives a complete picture. However, the total earnings of the residents of an economy, measured by its gross national income (GNI), is a good measure of its capacity to provide for the well-being of its people.

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GNI and GNI per capita estimates are converted into international dollars using purchasing power parity (PPP) rates. PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Aggregation method: Gap-filled total

Periodicity: Annual