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

The latest value for GNI per capita, Atlas method (current US$) in Nigeria was 1,960.00 as of 2018. Over the past 56 years, the value for this indicator has fluctuated between 2,990.00 in 2014 and 100.00 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 100.00
1963 110.00
1964 110.00
1965 110.00
1966 110.00
1967 100.00
1968 100.00
1969 120.00
1970 170.00
1971 180.00
1972 200.00
1973 220.00
1974 340.00
1975 400.00
1976 510.00
1977 560.00
1978 560.00
1979 640.00
1980 760.00
1981 970.00
1982 1,260.00
1983 1,450.00
1984 1,130.00
1985 970.00
1986 790.00
1987 710.00
1988 680.00
1989 550.00
1990 560.00
1991 510.00
1992 510.00
1993 360.00
1994 310.00
1995 310.00
1996 390.00
1997 440.00
1998 440.00
1999 460.00
2000 470.00
2001 530.00
2002 630.00
2003 710.00
2004 870.00
2005 1,030.00
2006 1,350.00
2007 1,610.00
2008 1,960.00
2009 2,040.00
2010 2,140.00
2011 2,190.00
2012 2,460.00
2013 2,720.00
2014 2,990.00
2015 2,880.00
2016 2,470.00
2017 2,100.00
2018 1,960.00

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