Micronesia - GNI per capita
GNI per capita, Atlas method (current US$)
The latest value for GNI per capita, Atlas method (current US$) in Micronesia was 3,950 as of 2020. Over the past 27 years, the value for this indicator has fluctuated between 3,950 in 2020 and 1,930 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 |
|---|---|
| 1993 | 2,120 |
| 1994 | 2,130 |
| 1995 | 2,200 |
| 1996 | 2,140 |
| 1997 | 1,930 |
| 1998 | 1,950 |
| 1999 | 2,050 |
| 2000 | 2,210 |
| 2001 | 2,260 |
| 2002 | 2,270 |
| 2003 | 2,380 |
| 2004 | 2,440 |
| 2005 | 2,560 |
| 2006 | 2,560 |
| 2007 | 2,570 |
| 2008 | 2,590 |
| 2009 | 2,820 |
| 2010 | 2,900 |
| 2011 | 3,070 |
| 2012 | 3,150 |
| 2013 | 3,180 |
| 2014 | 3,150 |
| 2015 | 3,490 |
| 2016 | 3,410 |
| 2017 | 3,450 |
| 2018 | 3,400 |
| 2019 | 3,930 |
| 2020 | 3,950 |
GNI per capita (current LCU)
The value for GNI per capita (current LCU) in Micronesia was 3,969 as of 2020. As the graph below shows, over the past 37 years this indicator reached a maximum value of 3,992 in 2019 and a minimum value of 1,377 in 1983.
Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) 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 local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1983 | 1,377 |
| 1993 | 2,098 |
| 1994 | 2,106 |
| 1995 | 2,164 |
| 1996 | 2,112 |
| 1997 | 1,928 |
| 1998 | 2,029 |
| 1999 | 2,097 |
| 2000 | 2,228 |
| 2001 | 2,296 |
| 2002 | 2,306 |
| 2003 | 2,331 |
| 2004 | 2,317 |
| 2005 | 2,437 |
| 2006 | 2,487 |
| 2007 | 2,558 |
| 2008 | 2,611 |
| 2009 | 2,882 |
| 2010 | 2,988 |
| 2011 | 3,102 |
| 2012 | 3,278 |
| 2013 | 3,235 |
| 2014 | 3,208 |
| 2015 | 3,452 |
| 2016 | 3,511 |
| 2017 | 3,737 |
| 2018 | 3,659 |
| 2019 | 3,992 |
| 2020 | 3,969 |
GNI per capita (constant 2010 US$)
Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) 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 constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 3,452 |
GNI per capita, PPP (current international $)
The latest value for GNI per capita, PPP (current international $) in Micronesia was 3,960 as of 2020. Over the past 27 years, the value for this indicator has fluctuated between 4,020 in 2019 and 2,180 in 1997.
Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI 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. 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. Data are in current international dollars based on the 2011 ICP round.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1993 | 2,360 |
| 1994 | 2,350 |
| 1995 | 2,420 |
| 1996 | 2,360 |
| 1997 | 2,180 |
| 1998 | 2,250 |
| 1999 | 2,380 |
| 2000 | 2,550 |
| 2001 | 2,660 |
| 2002 | 2,710 |
| 2003 | 2,800 |
| 2004 | 2,830 |
| 2005 | 3,010 |
| 2006 | 3,120 |
| 2007 | 3,190 |
| 2008 | 3,160 |
| 2009 | 3,340 |
| 2010 | 3,380 |
| 2011 | 3,530 |
| 2012 | 3,550 |
| 2013 | 3,540 |
| 2014 | 3,470 |
| 2015 | 3,980 |
| 2016 | 3,930 |
| 2017 | 3,960 |
| 2018 | 3,630 |
| 2019 | 4,020 |
| 2020 | 3,960 |
GNI per capita, PPP (constant 2011 international $)
Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI 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. 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. Data are in constant 2011 international dollars.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 2017 | 3,965 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
