The proportion of national

Per capita income of Kenya

AboutGNI 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: data.worldbank.org
RELATED VIDEO
TOP 10 RICHEST NATION IN THE WORLD per capita income GDP
TOP 10 RICHEST NATION IN THE WORLD per capita income GDP
The Island Nation with the Highest Per Capita Income in
The Island Nation with the Highest Per Capita Income in ...
GDP and Per Capita Income Concepts - Professor Vipin
GDP and Per Capita Income Concepts - Professor Vipin
RELATED FACTS
Share this Post

Related posts

Per capita income of African countries

Per capita income of African countries

SEPTEMBER 22, 2020

Africa is regarded as the biggest continents in the world because of its large land area but not in case of economic wealth;…

Read More
South Africa per capita income

South Africa per capita income

SEPTEMBER 22, 2020

Image caption South Africa has more than 26 million women and 25 million men, the census showed The income of white South…

Read More