Thematic data tables from WDI. The Chinese economy accounts for almost 30% of the global GDP growth today. This site uses cookies to optimize functionality and give you the best possible experience. China's per capita GNI was just $940 in 2000 and was classified as one of the lower-middle income countries by the World Bank back then. New thresholds are determined at the start of the World Bank’s fiscal year in July and remain fixed for 12 months regardless of subsequent revisions to estimates. China gni for 2018 was … is it available anywhere on the WB website ? For your concern, please reach out to the World Bank Data helpdesk team: https://datahelpdesk.worldbank.org/. China’s per capita gross domestic product (GDP) crossed $10,000 for the first time in 2019 and it could become a high-income economy by 2023 or 2024. Between 2010 and 2018, the latest period for which GDP data is available in the World Development Indicators database of the World Bank, China accounted for 29% of the total increase in world GDP in constant US dollars. For India, the number is 7.5%. For more information, please contact us at [email protected]. South Asia, which also includes India, is the only region which does not have a high-income country. s Most Recent Year. Am Elton Kamugisha from Tanzania I want to see my country growth update. . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Could you explain me why is there difference between the value here and the actual GNI per capita dataset? Without written authorization from CDIC, such content shall not be republished or used in any form. Chennai, From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. The Gross Domestic Product per capita in China was last recorded at 8254.30 US dollars in 2019. Meanwhile, the country's Engel's co-efficient, a major indicator of people's living standard internationally, has decreased for 8 consecutive years to 28.2 percent in 2019, reaching the United Nations standard of "affluent" life which is between 20 and 30 percent. China gni per capita for 2018 was $9,620, a 10.07% increase from 2017. More detailed information on how the World Bank classifies countries is available here. Countries by GNI (PPP) per capita in 2016. Copyright © HT Media Limited All rights reserved. So, are considered important documents. I am looking for an excel sheet showing the historical classification of countries by income, after 2005. The Chinese economy grew at 6.1% in 2019, its lowest GDP growth in 29 years. is it developed?? GNI per capita, Atlas method (current US$) GNI per capita growth (annual %) GNI per capita (constant 2010 US$) GNI (current LCU) GNI, Atlas method (current US$) Download. The Gross Domestic Product per capita in China was last recorded at 16116.70 US dollars in 2019, when adjusted by purchasing power parity (PPP). 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. Based on the purchasing power parity (PPP) data from 2016, Qatar has the world’s highest GNI per capita with a figure of $128,050. Or it has some other status? Updated country income classifications for the World Bank’s 2020 fiscal year are available here. While China crossing the $10,000 per capita GDP barrier might not sound like a big development in the descriptive stats on income-wise distribution of countries discussed above, it’s a significant development given the size of the Chinese economy. This site uses cookies to optimize functionality and give you the best possible experience. 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. Of the 218 countries for which income group data was available, according to a June 2019 World Bank classification, 80 countries were in the high-income category, while 60, 47 and 31 countries were in the upper-middle income, lower-middle income and low income category. China’s per capita gross domestic product (GDP) crossed $10,000 for the first time in 2019 and it could become a high-income economy by 2023 or 2024. China’s GDP growth will not come back to its earlier double digit levels, but as the first billion plus people economy to cross $10,000 per capita income level, its importance in the global economy will only increase in the future. (See Chart 2: Share in incremental global GDP). Note that these are preliminary estimates and may be revised. China gni per capita for 2017 was $8,740, a 5.68% increase from 2016. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Find Out, Online tool for visualization and analysis. For a complete list of countries, please go to https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-…, I am from Rwanda and my pleasure is to see my country moving on to the next level. A lower co-efficient, which means a family spends less on food and more on entertainment, indicates an affluent standard of life the families lead. Kolkata, Noida, Gurgaon, Engel's co-efficient refers to the proportion of income spent on food to individuals' total consumption expenditure. By definition, the GNI per capita of a nation simply refers to the average income of the citizens of a particular nation. I would like to be receiving every update from WB reports. many thanks. The 2018 per capita GDP figure was $9,771, which gives a simple annual growth of 5.2% between 2018 and 2019. According to the World Bank classification for fiscal year 2020, low-income economies are defined as those with a Gross National Income (GNI) per capita of $1,025 or less in 2018; lower middle-income economies are those with a GNI per capita between $1,026 and $3,995; upper middle-income economies are those with a GNI per capita between $3,996 and $12,375; high-income economies are those with a GNI per capita of $12,376 or more. This article includes a list of countries of the world sorted by their Gross National Income (GNI) per capita at purchasing power parity (PPP). Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The updated data on GNI per capita data for 2019 can be accessed here. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. The Special Drawing Rights (SDR) deflator is used which is a weighted average of the GDP deflators of China, Japan, the United Kingdom, the United States, and the Euro Area. Thank you for asking. I think the data you are using in making upgrades Zimbabwe need to be looked into to determine its reliability and its adequacy. The updated data on GNI per capita data for 2019 can be accessed here. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. GDP per capita in China averaged 1872.51 USD from 1960 until 2019, reaching an all time high of 8254.30 USD in 2019 and a record low of 132.10 USD in 1962. 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). Updated country income classifications for the World Bank’s 2020 fiscal year are available here. Most Recent Value. I am asking for country reports for Ghana, Senegal, Tunisia, Nigeria,Cameroon,South Africa Namibia and Kenya. The standard of living of the general populace is worsening as compared to 2014 and 2015. All rights reserved. China's per capita gross national income (GNI) crossed $10,000 for the first time in 2019, with its global ranking climbing up 70 places from 2000, National Business Daily reported on Monday. However, since the last fiscal year, the high-income threshold is also a determining factor for lending rates. Until last year (Fiscal Year 2019), the income classifications had an analytical purpose and did not influence the World Bank’s lending terms. //]]> The country's GDP per capita was below 1,000 U.S. dollars in the year 2000. Perhaps that is why it is in Lower-Middle income, otherwise it would be in upper-middle income. Thank you for subscribing to our daily newsletter. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Indore, DataBank. The question most Zimbabweans are asking is ,'What factors did you consider to upgrade Zimbabwe?. To keep the income classification thresholds fixed in real terms, they are adjusted annually for inflation.
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