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

The latest value for GNI per capita, Atlas method (current US$) in Lao PDR was 2,520.00 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between 2,540.00 in 2019 and 190.00 in 1990.

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
1986 550.00
1987 430.00
1988 250.00
1989 210.00
1990 190.00
1991 210.00
1992 250.00
1993 280.00
1994 310.00
1995 350.00
1996 380.00
1997 370.00
1998 310.00
1999 290.00
2000 280.00
2001 310.00
2002 320.00
2003 340.00
2004 390.00
2005 460.00
2006 510.00
2007 620.00
2008 750.00
2009 890.00
2010 1,000.00
2011 1,140.00
2012 1,370.00
2013 1,610.00
2014 1,830.00
2015 1,980.00
2016 2,130.00
2017 2,260.00
2018 2,480.00
2019 2,540.00
2020 2,520.00

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