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

The latest value for GNI per capita, Atlas method (current US$) in The Bahamas was 26,070 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between 32,260 in 2019 and 1,550 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 1,550
1963 1,650
1964 1,760
1965 1,900
1966 2,040
1967 2,230
1968 2,450
1969 2,760
1970 2,920
1971 3,110
1972 3,190
1973 3,740
1974 3,840
1975 4,640
1976 3,120
1977 3,360
1978 3,720
1979 5,200
1980 6,050
1981 5,790
1982 6,360
1983 6,640
1984 7,700
1985 8,510
1986 9,400
1987 10,800
1988 11,710
1989 12,440
1990 11,870
1991 11,330
1992 11,550
1993 11,310
1994 11,600
1995 14,260
1996 15,930
1997 15,180
1998 16,810
1999 24,150
2000 26,360
2001 26,560
2002 27,190
2003 27,770
2004 29,270
2005 30,570
2006 30,760
2007 31,090
2008 30,960
2009 29,010
2010 28,370
2011 28,030
2012 28,550
2013 27,490
2014 28,110
2015 28,670
2016 29,020
2017 30,090
2018 31,150
2019 32,260
2020 26,070

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