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Turks and Caicos Islands - GNI per capita

GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Turks and Caicos Islands was 30,250 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 30,250 in 2019 and 23,280 in 2014.

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
2014	23,280
2015	25,530
2016	27,300
2017	26,200
2018	28,340
2019	30,250

GNI per capita (current LCU)

The value for GNI per capita (current LCU) in Turks and Caicos Islands was 30,456 as of 2019. As the graph below shows, over the past 5 years this indicator reached a maximum value of 30,456 in 2019 and a minimum value of 23,820 in 2014.

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
2014	23,820
2015	26,231
2016	28,317
2017	27,101
2018	28,709
2019	30,456

GNI per capita (constant 2010 US$)

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year	Value
2015	26,231

GNI per capita, PPP (current international $)

The latest value for GNI per capita, PPP (current international $) in Turks and Caicos Islands was 29,620 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 29,620 in 2019 and 22,070 in 2014.

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
2014	22,070
2015	24,140
2016	26,420
2017	26,620
2018	28,010
2019	29,620

GNI per capita, PPP (constant 2011 international $)

Source: World Bank, International Comparison Program database.

See also:

Year	Value
2017	26,625

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts