What is a high GNI per capita?

What is a high GNI per capita?

 For the current 2022 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2020; lower middle-income economies are those with a GNI per capita between $1,046 and $4,095; upper middle-income economies are those with a GNI per …

Where does the US rank in GDP per capita?

GDP per Capita

Is GNI per capita a good indicator?

While it is understood that GNI per capita does not completely summarize a country’s level of development or measure welfare, it has proved to be a useful and easily available indicator that is closely correlated with other, nonmonetary measures of the quality of life, such as life expectancy at birth, mortality rates …

What is the gross national income per capita of the US?

In 2019, GNI per capita for United States of America was 65,897 US dollars. Between 1970 and 2019, GNI per capita of United States of America grew substantially from 5,128 to 65,897 US dollars rising at an increasing annual rate that reached a maximum of 11.78% in 1978 and then decreased to 3.28% in 2019.

Which country has the lowest GNI per capita?

Somalia is at the bottom of the low-income country list, with a GNI per capita of $130.

Is GNI or GDP better?

While gross domestic product (GDP) is among the most popular of economic indicators, gross national income (GNI), is quite possibly a better metric for the overall economic condition of a country whose economy includes substantial foreign investments.

What country has the highest GNI per capita?

Norway
Norway is the top country by real GNI per capita in the world. As of 2020, real GNI per capita in Norway was 94,622 US dollars. The top 5 countries also includes Denmark, Sweden, Finland, and Canada.