Greenland - GNI per capita

GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Greenland was 34,800 as of 2007. Over the past 35 years, the value for this indicator has fluctuated between 34,800 in 2007 and 1,890 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 1,890
1973 2,440
1974 3,130
1975 3,800
1976 4,330
1977 5,140
1978 6,160
1979 7,550
1980 9,270
1981 9,100
1982 8,020
1983 7,270
1984 6,740
1985 7,060
1986 8,540
1987 11,470
1988 15,170
1989 16,970
1990 15,690
1991 16,510
1992 17,440
1993 16,600
1994 17,830
1995 19,470
1996 20,780
1997 20,540
1998 20,440
1999 19,740
2000 20,290
2001 19,390
2002 18,760
2003 20,440
2004 25,730
2005 30,920
2006 30,240
2007 34,800

GNI per capita (current LCU)

The value for GNI per capita (current LCU) in Greenland was 196,570 as of 2007. As the graph below shows, over the past 37 years this indicator reached a maximum value of 196,570 in 2007 and a minimum value of 10,130 in 1970.

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
1970 10,130
1971 12,548
1972 13,762
1973 15,599
1974 18,861
1975 22,056
1976 26,401
1977 30,923
1978 35,971
1979 40,222
1980 48,108
1981 55,235
1982 60,738
1983 66,583
1984 69,089
1985 76,598
1986 83,720
1987 92,163
1988 102,172
1989 114,774
1990 105,324
1991 109,045
1992 105,154
1993 101,667
1994 108,973
1995 116,452
1996 120,644
1997 122,875
1998 133,779
1999 137,148
2000 150,053
2001 156,131
2002 158,773
2003 161,279
2004 168,421
2005 175,077
2006 173,611
2007 196,570

GNI per capita growth (annual %)

Definition: Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

See also:

Year Value
2004 5.09
2005 8.01
2006 -3.48
2007 14.12

GNI per capita (constant LCU)

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 local currency.

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

Year Value
2003 165,807
2004 174,244
2005 188,196
2006 181,646
2007 207,292

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts