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

The latest value for GNI per capita, Atlas method (current US$) in Aruba was 27,120 as of 2017. Over the past 29 years, the value for this indicator has fluctuated between 27,120 in 2017 and 10,360 in 1988.

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
1988 10,360
1989 11,760
1990 12,230
1991 13,190
1992 13,990
1993 14,620
1994 15,640
1995 16,230
1996 16,370
1997 17,220
1998 17,620
1999 17,880
2000 20,000
2001 19,170
2002 17,890
2003 20,070
2004 22,630
2005 19,200
2006 23,340
2007 21,680
2008 25,510
2009 23,770
2010 22,380
2011 22,450
2012 23,520
2013 24,510
2014 25,350
2015 26,560
2016 26,840
2017 27,120

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