which country in southeast asia has the highest gni per capita?

Which country has the highest per capita income 2018?

South Asia gni per capita for 2018 was $1,915, a 9.67% increase from 2017. The high revenue and the relatively small population of around 2.6 million people also contribute to the high value. By Ferdinand Bada on April 3 2019 in World Facts. This country is located on the island of Borneo in the Indonesian Archipelago. Unfortunately, as an indicator of the economic situation of a country, the above method has its challenges. These two resources account for at least 70% of the revenue received by the government as well as significant chunks of the GDP and export revenue. It has the 18th largest GDP in the world. Knowing a country's GNI per capita is a good first step toward understanding the country's economic strengths and needs, as well as the general standard of living enjoyed by the average citizen. Qatar is easily the richest nation in the world because of the massive wealth in the form of petroleum and natural gas. It should be reflecting the average before tax income of a country's citizens. It should be reflecting the average before tax income of a country's citizens. On the other hand, the GDP is a measure of income produced within the bounds of that country by anyone.

If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. All numbers come from the World Bank. Countries by GNI per capita. This means that a higher GNI per capita does not necessarily mean a better living standard for people. Among the profiled nations, the Central African Republic and Burundi were the poorest nations with each having a GNI per capita of a mere $730. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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.

Also known as the gross national product (GNP), the GNI is a total measure of a country’s income from both local and foreign sources. By definition, the GNI per capita of a nation simply refers to the average income of the citizens of a particular nation. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. The European country also has low unemployment and relatively equal distribution of wealth. South Asia gni per capita for 2019 was $2,019, a 5.39% increase from 2018. For this reason, some analyses will state that the two do not point to the same thing. One of its biggest criticisms is that it does not provide any indication of the living standards in a nation. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank.

We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Compared to Las Vegas, Macau’s gambling industry is at least seven times as big with massive casinos such as the Venetian Macao, which is the largest globally. 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. Brunei Darussalam – $83,777. A country's GNI per capita tends to be closely linked with other indicators that measure the social, economic, and environmental well-being of the country and its people. List of countries and regions of the world by their GNI at purchasing power parity (PPP) per capita for one year (2005), in ascending order starting with the countries with the lowest GNI. 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). The figure is obtained by diving the final annual income by the population of the country. Macau is a small country (around 30.5 square kilometers) with a population of only 650,000 people.

Non-sovereign entities or other special groupings are marked in italics. This is a list of countries by gross national income per capita in 2019 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. Indonesia is the richest country in Southeast Asia by GDP. 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. The GNI per capita is the dollar value of a country's final income in a year, divided by its population.

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