Barbados - GNI per capita

GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Barbados was 14,350 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between 17,380 in 2019 and 5,910 in 1986.

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
1986 5,910
1987 6,690
1988 7,430
1989 7,860
1990 7,600
1991 7,570
1992 7,460
1993 7,690
1994 8,010
1995 8,340
1996 8,700
1997 9,050
1998 9,420
1999 9,820
2000 10,780
2001 10,630
2002 10,650
2003 11,300
2004 12,290
2005 13,240
2006 14,220
2007 15,530
2008 16,180
2009 15,730
2010 15,540
2011 15,050
2012 15,720
2013 15,660
2014 15,630
2015 15,740
2016 15,920
2017 16,070
2018 16,700
2019 17,380
2020 14,350

GNI per capita (current LCU)

The value for GNI per capita (current LCU) in Barbados was 29,470 as of 2020. As the graph below shows, over the past 34 years this indicator reached a maximum value of 35,050 in 2019 and a minimum value of 11,893 in 1986.

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
1986 11,893
1987 13,026
1988 13,805
1989 15,323
1990 15,160
1991 15,215
1992 14,673
1993 15,425
1994 15,990
1995 16,324
1996 17,275
1997 18,281
1998 20,531
1999 21,314
2000 21,836
2001 21,614
2002 21,853
2003 22,422
2004 24,176
2005 26,379
2006 28,551
2007 32,194
2008 32,428
2009 30,419
2010 31,319
2011 30,795
2012 31,284
2013 31,534
2014 31,592
2015 31,557
2016 32,251
2017 33,220
2018 33,883
2019 35,050
2020 29,470

GNI per capita (constant 2010 US$)

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 constant 2010 U.S. dollars.

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

See also:

Year Value
2015 15,779

GNI per capita, PPP (current international $)

The latest value for GNI per capita, PPP (current international $) in Barbados was 12,790 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 16,310 in 2008 and 8,970 in 1992.

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
1990 9,360
1991 9,290
1992 8,970
1993 9,180
1994 9,510
1995 9,810
1996 10,310
1997 11,010
1998 11,500
1999 11,600
2000 12,310
2001 12,180
2002 12,390
2003 12,810
2004 13,400
2005 14,140
2006 15,120
2007 16,140
2008 16,310
2009 15,680
2010 15,730
2011 15,250
2012 14,740
2013 14,700
2014 14,540
2015 14,810
2016 15,220
2017 15,080
2018 15,320
2019 15,740
2020 12,790

GNI per capita, PPP (constant 2011 international $)

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 constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2017 15,079

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts