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

The latest value for GNI per capita, Atlas method (current US$) in Luxembourg was 70,870 as of 2018. Over the past 56 years, the value for this indicator has fluctuated between 88,000 in 2008 and 1,630 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 1,630
1963 1,680
1964 1,870
1965 1,920
1966 2,020
1967 2,070
1968 2,240
1969 2,560
1970 3,030
1971 3,350
1972 4,070
1973 5,230
1974 6,890
1975 7,930
1976 8,510
1977 9,080
1978 10,650
1979 12,940
1980 15,480
1981 15,490
1982 14,930
1983 13,490
1984 13,060
1985 13,130
1986 15,610
1987 20,090
1988 26,020
1989 28,700
1990 31,500
1991 35,370
1992 39,210
1993 40,270
1994 41,570
1995 46,020
1996 48,610
1997 50,650
1998 47,100
1999 46,470
2000 46,460
2001 45,630
2002 42,630
2003 46,000
2004 62,800
2005 73,810
2006 71,580
2007 86,210
2008 88,000
2009 71,220
2010 78,220
2011 76,260
2012 75,450
2013 75,500
2014 76,470
2015 72,470
2016 68,670
2017 66,380
2018 70,870

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