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

The latest value for GNI per capita, Atlas method (current US$) in European Union was 34,260 as of 2020. Over the past 48 years, the value for this indicator has fluctuated between 36,000 in 2019 and 2,413 in 1972.

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
1972 2,413
1973 3,093
1974 3,832
1975 4,424
1976 4,690
1977 5,030
1978 5,700
1979 7,049
1980 8,436
1981 8,348
1982 7,551
1983 6,717
1984 6,523
1985 6,533
1986 7,555
1987 9,659
1988 12,520
1989 13,414
1990 14,447
1991 15,444
1992 17,323
1993 17,057
1994 17,533
1995 18,514
1996 19,634
1997 19,674
1998 18,889
1999 18,611
2000 18,528
2001 17,836
2002 17,521
2003 19,779
2004 24,060
2005 27,643
2006 29,631
2007 31,682
2008 34,456
2009 34,615
2010 34,805
2011 35,263
2012 34,544
2013 34,849
2014 34,817
2015 33,421
2016 32,200
2017 31,863
2018 34,586
2019 36,000
2020 34,260

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