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

The latest value for GNI per capita, Atlas method (current US$) in Latvia was 16,510 as of 2018. Over the past 21 years, the value for this indicator has fluctuated between 16,510 in 2018 and 2,710 in 1997.

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
1997 2,710
1998 2,860
1999 2,980
2000 3,310
2001 3,590
2002 3,920
2003 4,660
2004 5,810
2005 7,350
2006 8,880
2007 11,160
2008 13,440
2009 14,040
2010 12,580
2011 13,110
2012 13,810
2013 14,890
2014 15,300
2015 15,010
2016 14,600
2017 14,710
2018 16,510

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