For example, generally people living in countries with higher GNI per capita tend to have longer life expectancies, higher literacy rates, better access to safe water, and lower infant mortality rates.Īndorra, officially the Principality of Andorra, also called the Principality of the Valleys of Andorra, is a sovereign landlocked microstate on the Iberian Peninsula, in the eastern Pyrenees, bordering France to the north and Spain to the south. 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. 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. It reflects the average income of a country’s citizens. The GNI per capita is the dollar value of a country’s final income in a year, divided by its population. ContentsĬountries by nominal GNI per capita according to the Atlas method (2016) Methodology The World Bank is a component of the World Bank Group. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is an international financial institution that provides loans to countries of the world for capital projects.
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