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

The latest value for GNI per capita, Atlas method (current US$) in Korea was 30,600.00 as of 2018. Over the past 56 years, the value for this indicator has fluctuated between 30,600.00 in 2018 and 120.00 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 120.00
1963 120.00
1964 130.00
1965 130.00
1966 140.00
1967 150.00
1968 190.00
1969 240.00
1970 280.00
1971 310.00
1972 340.00
1973 430.00
1974 550.00
1975 650.00
1976 800.00
1977 960.00
1978 1,270.00
1979 1,670.00
1980 1,860.00
1981 2,020.00
1982 2,040.00
1983 2,150.00
1984 2,320.00
1985 2,450.00
1986 2,820.00
1987 3,480.00
1988 4,460.00
1989 5,310.00
1990 6,360.00
1991 7,440.00
1992 8,170.00
1993 8,860.00
1994 9,910.00
1995 11,600.00
1996 13,040.00
1997 13,230.00
1998 10,070.00
1999 10,160.00
2000 10,740.00
2001 11,620.00
2002 12,460.00
2003 13,350.00
2004 15,630.00
2005 17,790.00
2006 19,950.00
2007 22,420.00
2008 22,800.00
2009 21,040.00
2010 21,260.00
2011 22,540.00
2012 24,550.00
2013 25,760.00
2014 26,800.00
2015 27,250.00
2016 27,690.00
2017 28,380.00
2018 30,600.00

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