Greenland: GNI, Atlas method (current US$)
In , Greenland's GNI, Atlas method (current US$) was $1.97 billion.
That's up 14.6% from 2006, the highest value on record.
The global average for this indicator in 2007 was $569.81 billion .
Source: World Bank Open Data (NY.GNP.ATLS.CD) • Data as of 2007
Trend (2005–2007)
Highlights
- Peak
- $1.97B
- Trough
- $1.72B
- 1-year change
- +14.6%
Historical Data — Last 10 Years
| Year | GNI, Atlas method (current US$) |
|---|---|
| 1.968B | |
| 1.717B | |
| 1.761B |
About GNI, Atlas method (current US$)
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GNP.ATLS.CD • Category: Economy
Frequently asked questions
- What was Greenland's GNI, Atlas method (current US$) in 2007?
- In 2007, Greenland's GNI, Atlas method (current US$) was $1.97 billion, according to World Bank Open Data.
- Is Greenland's GNI, Atlas method (current US$) rising or falling?
- Greenland's GNI, Atlas method (current US$) rose 14.6% from 2006 to 2007.
- How does Greenland's GNI, Atlas method (current US$) compare to the world average?
- The global average for GNI, Atlas method (current US$) in 2007 was $569.81 billion, so Greenland is below the world average.
- What is GNI, Atlas method (current US$) and how is it measured?
- Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method. 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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (NY.GNP.ATLS.CD), CC BY 4.0.