GNI, Atlas method (current US$)



Countries By GNI, Atlas method (current US$)



Key points



Official Definition of GNI, Atlas method (current US$)

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 U.S. dollars. 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.



Importance

GNI, Atlas method (current US$) is a crucial macroeconomic statistic for a country as it provides a comprehensive measure of the economic performance and productivity of the nation's residents, including both individuals and businesses. The GNI takes into account the value added by all resident producers, product taxes, subsidies, net receipts of primary income from abroad, and is presented in current US dollars.

The implications of GNI being low or high have significant consequences for a country's development and standing in the global economy. A high GNI indicates a strong and productive economy with a high standard of living for its residents. It signifies that the country is creating value, attracting investments, and generating substantial income both domestically and from international sources.

On the other hand, a low GNI suggests economic challenges such as limited productivity, low income levels, and potential struggles in attracting investments and retaining skilled workers. A low GNI can also impact the country's ability to access international financing, invest in infrastructure and social programs, and compete effectively in the global market.

Therefore, monitoring and improving the GNI is essential for policymakers as it reflects the overall economic health of a country and influences decisions related to budget allocations, trade policies, and development strategies.



Top 10 Countries by GNI, Atlas method (current US$)

Bottom 10 Countries by GNI, Atlas method (current US$)



Regions

Europe

The GNI (formerly GNP) data for the listed countries show a wide range of economic strengths. Large economies like Germany, the United Kingdom, and France have GNI values in trillions of USD, indicating significant economic output. Smaller countries like Montenegro and Andorra have much lower GNIs, reflecting their smaller economic scale. Advantages of high GNI include greater resources for infrastructure and social programs, while disadvantages may include potential income inequality. Higher GNI generally correlates with better standards of living, education, and healthcare, implying a positive impact on a country's development. However, countries must manage GNI growth effectively to ensure sustainable economic progress and avoid overreliance on specific sectors.

Far East: East Asia, SE Asia, Australia

The GNI data reflects the economic output of various countries, with notable differences among them. China and Japan demonstrate significant economic strength with GNI values in trillions of dollars, positioning them as regional powerhouses. Meanwhile, smaller economies like Brunei and Laos show more modest figures, indicating a relatively smaller economic footprint. For countries like Indonesia and Philippines, the GNI signifies substantial economic potential but also highlights disparities in income distribution. These figures have implications for development strategies, such as investment priorities, trade relationships, and social welfare programs. While high GNIs suggest economic prowess, they also raise concerns about wealth inequality and sustainable growth.

ASEAN

Among the listed countries, Malaysia has the highest GNI at $342.79 billion, followed by Thailand and the Philippines. Indonesia, with a GNI of $1.06 trillion, stands out as the largest economy in the group. While Cambodia and Laos have lower GNIs, they show potential for growth. Higher GNIs generally signify stronger economies, allowing for more investments in infrastructure and social welfare. However, these figures also hint at income inequality within these countries, which could pose challenges for inclusive development. Overall, GNI can reflect a country's economic performance and standard of living, guiding policymakers in fostering sustainable growth and addressing disparities.

Latin America

The GNI, measured in current US dollars, reveals significant disparities among the listed countries. Mexico dominates with a GNI of over $1 trillion, followed by Brazil and Peru with strong figures exceeding $1 billion each. These countries boast larger economies and higher levels of economic activity. Meanwhile, smaller nations like Bolivia and Nicaragua have considerably lower GNIs, indicating less economic output. This disparity in GNI reflects varying levels of development, with advantages such as greater economic diversification and infrastructure investment seen in countries with higher GNIs. However, such countries may also face challenges such as income inequality and economic volatility. Overall, the GNI statistic underscores the importance of economic performance in driving development and informs policy decisions for each country accordingly.

Middle East

The GNI data for the listed countries show a wide range of economic strength and development. Countries like Saudi Arabia, Turkey, and Iran have high GNI figures, indicating robust economies driven by oil or diversified industries. These nations enjoy advantages such as strong infrastructure and investment potential. However, reliance on volatile commodity prices can be a disadvantage. On the other hand, countries like Syria and Armenia have much lower GNIs, suggesting economic challenges and lower development levels. This could lead to issues such as limited access to resources and investment. The GNI statistic reflects each country's economic performance and provides insights into their development status and potential for growth.



Rivals

Anglosphere v BRICS

When analyzing the GNI figures at current US$ for the selected countries, several key observations emerge. China, the United States, and India stand out as major economies with significantly higher GNIs compared to the others. While China leads the pack with a GNI exceeding $14 trillion, the United States follows closely behind, reiterating their economic supremacy. India's substantial GNI showcases its rapid economic growth potential. On the other end, South Africa and New Zealand exhibit smaller GNIs, indicating comparatively smaller economies. The advantages of high GNI countries include robust infrastructure and higher standards of living, but they also face challenges like income inequality. Conversely, lower-GNI nations might struggle with limited resources for development programs, leading to slower progress. Ultimately, a high GNI signifies economic strength and potential for further growth, while a lower GNI may necessitate strategic planning to boost economic advancement.

Russia v Ukraine

When comparing the GNI at current US dollars between the Russian Federation and Ukraine, we see a significant difference, with the Russian Federation's GNI standing at $1,575,000,060,592.36 and Ukraine's at $149,174,086,880.67. The Russian Federation holds the advantage of having a much larger economy compared to Ukraine, which could indicate greater economic stability and resources. However, this stark contrast may also highlight unequal wealth distribution within the Russian Federation. For Ukraine, while the GNI is lower, there may be more potential for growth and development. The impact of this statistic lies in how it reflects each country's economic strength, influences foreign investments, and shapes government policies to foster sustainable development and equitable wealth distribution.

France v United Kingdom

France and the United Kingdom both have substantial Gross National Income (GNI) figures, with France at $2.65 trillion and the United Kingdom at $2.59 trillion, based on the current US dollar values. While both countries have strong economies, France's slightly higher GNI indicates a larger overall economic output. Advantages for France include its diverse economy, strong industrial base, and high standard of living. The United Kingdom benefits from its strong financial sector, global trading relationships, and innovation. However, challenges such as economic inequality and Brexit uncertainty impact the UK. A high GNI reflects economic strength, enabling countries to invest in infrastructure, social programs, and innovation, ultimately driving their development and competitiveness in the global market.

Israel v Iran

Iran's GNI at 285.44 billion current US dollars and Israel's at 397.39 billion current US dollars show Israel having a higher income level. Iran, despite its lower GNI, has a larger population, potential for growth, but faces economic challenges due to sanctions affecting its international trade. In contrast, Israel, with a smaller population, benefits from a more diversified economy, higher technological advancements, and robust international trade relations. For Iran, increasing GNI signifies growth potential, but it needs to address economic reforms. For Israel, a high GNI reflects economic stability, but income inequality and regional tensions can impact long-term growth prospects.

Saudi Arabia v Iran

Iran's GNI at current US$ stands at approximately 285.44 billion, whereas Saudi Arabia's GNI is significantly higher at around 807.30 billion. Saudi Arabia's stronger GNI reflects its larger economy and robust oil industry compared to Iran. While Saudi Arabia benefits from higher income levels and greater economic stability due to its oil reserves, Iran faces economic challenges due to sanctions impacting its ability to fully benefit from its resources. The GNI statistic implies that Saudi Arabia has more resources for infrastructure development and diversification, while Iran may struggle with funding due to lower GNI. This could further exacerbate economic disparities between the two countries.

India v Pakistan

India's GNI at current US$ is significantly higher at approximately $2,659,600,290,791.55 compared to Pakistan's $321,895,545,824.107. This vast difference reflects India's larger economy and stronger economic base. India benefits from a more diversified economy and a larger market size, offering stability and growth opportunities. However, the sheer size of India's economy comes with challenges such as income inequality and infrastructure bottlenecks. On the other hand, Pakistan's smaller GNI indicates a less developed economy with limited capacity for growth and investment. The lower GNI suggests possible struggles with economic development, infrastructure, and access to resources. In conclusion, India's higher GNI positions it as a key player in the global economy while Pakistan may face hurdles in achieving sustainable growth and development.

Turkey v Greece

In terms of GNI at current US$, Greece reports a value of approximately $191.7 billion while Turkey records about $763.9 billion. This stark contrast showcases Turkey's significantly larger economy compared to Greece. Turkey's higher GNI indicates a larger economic output and capacity for wealth generation. However, Greece's smaller GNI could suggest potential challenges in economic growth and development compared to Turkey. Advantages for Turkey include greater financial resources for investments and development initiatives, potentially leading to increased prosperity. On the other hand, Greece may face limitations in funding for infrastructure and social programs, affecting its ability to stimulate economic progress. Therefore, the GNI statistic highlights the disparities in economic strength between the two countries, influencing their developmental trajectories and future prospects.

China v Japan

China, People's Republic of, has a GNI of $14,843,775,283,164.70, significantly higher than Japan's GNI of $5,169,145,753,459.99. China's immense GNI reflects its status as a global economic powerhouse, driven by its large population and rapid industrialization. This high GNI enables China to invest heavily in infrastructure, technology, and industry, fostering economic growth and job creation. However, it also reveals income inequality and environmental challenges. On the other hand, Japan's lower GNI highlights its mature economy and emphasis on innovation and high-tech industries. Japan's challenges include an aging population and sluggish growth. Overall, GNI reflects each country's economic strength, priorities, and areas for improvement.



FAQs