China GNI Per Capita - Historical Data
| Year | GNI Per Capita (US $) | Annual % Growth |
| 2020 | $10,610 | 2.12% |
| 2019 | $10,390 | 8.23% |
| 2018 | $9,600 | 9.84% |
| 2017 | $8,740 | 5.68% |
Full Answer
What is the current GNI of China?
China - Gross national income in current prices. In 2017, GNI for China was 12,203,850 million US dollars. Between 1998 and 2017, GNI of China grew substantially from 1,015,866 million to 12,203,850 million US dollars rising at an increasing annual rate that reached a maximum of 29.96 % in 2008 and then decreased to 9.49 % in 2017.
What is GNI and GNI?
GNI is the sum of a nation's gross domestic product and the net income it receives from overseas. Key Takeaways. Gross National Income is conceptually equivalent to Gross National Product, but it is calculated using incomes instead of output.
What is GNI per capita?
GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population.
Which country has the highest GNI in the world?
High-income group Rank Country GNI per capita (US$) Year — Bermuda (UK) 117,740 2019 1 Liechtenstein 116,440 2009 2 Switzerland 87,950 2019 — Isle of Man (UK) 83,160 2018 30 more rows ...
What is China GNI?
China gni per capita for 2020 was $10,610, a 2.12% increase from 2019. China gni per capita for 2019 was $10,390, a 8.23% increase from 2018. China gni per capita for 2018 was $9,600, a 9.84% increase from 2017. China gni per capita for 2017 was $8,740, a 5.68% increase from 2016.
What is the GNI per capita of China 2020?
GNI per capita, PPP (current international $) in China was reported at 17090 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Does China have a high GNI?
Last year, China's per-capita gross national income (GNI) hit $9,732, higher than that of middle income countries, according to a report released by the National Bureau of Statistics Monday.
What is China's GNP 2021?
China Gross National Product (GNP) was reported at 17,569.927 USD bn in Dec 2021. This records an increase from the previous number of 14,571.952 USD bn for Dec 2020.
What country has the highest GNI?
High-income groupRankCountryGNI per capita (US$)—Bermuda (UK)116,5401Liechtenstein116,4402Switzerland90,3603Norway84,09032 more rows
Why is China GNI per capita low?
With four times America's population, China only needs its per-capita income to be one quarter that of America for their GDP to become the world's largest. Mark Perry points out that while China has a large GDP, it's GDP per capita is still relatively low due to its large population (1.33 billion people).
Why is China GNI so high?
Chinese GNI rose 20% in nominal terms to $12,438 per capita. The World Bank regards $12,695 as the minimum line for a high-income country. The jump owed to a speedy economic rebound from the disruption caused by the coronavirus, as well as a strong yuan that boosted the dollar figure.
Is China a poor country 2022?
According to this measure, as of 2022, China has succeeded in eradicating absolute poverty, and poverty defined for low-income countries, as well as poverty defined for lower middle-income countries, but not the poverty defined for upper middle-income countries which China belongs to,and currently, China still has ...
Is China low-income country?
China is now an upper-middle-income country. It will be important going forward that poverty alleviation efforts increasingly shift to address the vulnerabilities faced by the large number of people still considered poor by the standards of middle-income countries, including those living in urban areas.
What is China GDP right now?
around 17.46 trillion U.S. dollarsIn 2021, the gross domestic product (GDP) of China amounted to around 17.46 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. In 2020, per capita GDP in China reached around 12,359 U.S. dollars.
Is China wealthier than the United States?
As per projections by IMF for 2021, United States is leading by $6,033 bn or 1.36 times on an exchange rate basis. The economy of China is Int. $3,982 billion or 1.18x of the US on purchasing power parity basis. According to estimates by World Bank, China's gdp was approx 11% of the US in 1960, but in 2019 it is 67%.
How big is Russia's GNP?
Russia gnp for 2020 was $1,565.77B, a 5.21% decline from 2019. Russia gnp for 2019 was $1,651.80B, a 9.74% increase from 2018.
What is the GNI?
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.
What is the GNI per capita?
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 ...
What is the GNI?
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.
What is the GNI per capita?
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.
What is GNI in accounting?
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.
What is the GNI per capita?
Countries by GNI per capita. By definition, the GNI per capita of a nation simply refers to the average income of the citizens of a particular nation. The figure is obtained by diving the final annual income by the population of the country. Based on the purchasing power parity (PPP) data from 2016, Qatar has the world’s highest GNI per capita ...
What is the difference between GDP and GNI?
In other words, GNI is used to measure a nation’s income while the GDP measures the production.
Which country has the richest GNI?
Doha, Qatar. Qatar is the world's richest country by GNI. The gross national income (GNI) of a nation refers to the total that is obtained after adding the gross domestic product (GDP) and net income from foreign sources. Also known as the gross national product (GNP), the GNI is a total measure of a country’s income from both local ...
Does a higher GNI per capita mean a better living standard?
This means that a higher GNI per capita does not necessarily mean a better living standard for people. For this reason, it cannot be used on its own.
Is GNI the same as GDP?
In other words, GNI is used to measure a nation’s income while the GDP measures the production. One thing to note is that even though GNI and GNP are similar concepts, their calculations are a bit different. For this reason, some analyses will state that the two do not point to the same thing.
