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

The latest value for GNI per capita, Atlas method (current US$) in Slovak Republic was 18,260 as of 2018. Over the past 23 years, the value for this indicator has fluctuated between 18,260 in 2018 and 4,200 in 1995.

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
1995 4,200
1996 5,000
1997 5,400
1998 5,420
1999 5,360
2000 5,520
2001 5,710
2002 6,000
2003 6,940
2004 9,000
2005 11,310
2006 12,890
2007 14,880
2008 17,200
2009 17,050
2010 17,240
2011 17,240
2012 17,540
2013 18,140
2014 18,240
2015 17,520
2016 16,950
2017 16,650
2018 18,260

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