Lyla Lindsey
GNI per capita, or gross national income per capita, is the sum of value added by all resident producers, plus product taxes and net receipts from abroad, divided by the midyear population. Calculated in the national currency, GNI per capita is usually converted to US dollars for comparison across economies. In Austria, the GNI per capita for 2023 was $55,070, a 1.17% decline from 2022.
| Characteristics | Values |
|---|---|
| GNI per capita, PPP (current international $) in 2020 | 55,620 |
| GNI per capita, PPP (current international $) in 2021 | 53,150 |
| GNI per capita, PPP (current international $) in 2022 | 55,720 |
| GNI per capita, PPP (current international $) in 2023 | 55,070 |
| GNI per capita growth (annual %) in 2020 | -6.89 |
| GNI per capita (current LCU) in 2020 | 42,492 |
| GNI per capita (constant 2010 US$) in 2020 | 43,298 |
| GNI per capita (constant LCU) in 2020 | 39,024 |
| GNI per capita, Atlas method (current US$) in 2020 | 48,360 |
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What You'll Learn
GNI per capita in Austria in 2020
GNI 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 (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies. 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.
The latest value for GNI per capita, PPP (current international $) in Austria was 55,620 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 57,870 in 2019 and 19,550 in 1990. PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States.
The value for GNI per capita (current LCU) in Austria was 42,492 as of 2020. Over the past 60 years, this indicator reached a maximum value of 44,604 in 2019 and a minimum value of 1,755 in 1960. The latest value for GNI per capita (constant 2010 US$) in Austria was 43,298 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 46,502 in 2019 and 18,041 in 1970.
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GNI per capita in Austria in 2022
GNI per capita data for Austria is updated yearly and is reported by the World Bank. The data is calculated in the national currency and is then converted to US dollars using the World Bank Atlas method, which smooths fluctuations in prices and exchange rates. The World Bank method 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.
In 2022, the GNI per capita in Austria was reported at 40,831.367 EUR, a slight decrease from the previous year's figure of 40,852.953 EUR. This data reached an all-time high of 41,567.344 EUR in 2019 and a record low of 31,299.821 EUR in 1995.
GNI per capita is an important metric for understanding the economic health and development of a country. It provides a measure of the average income per person and can be used to compare economic performance across different countries.
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GNI per capita in Austria in 2023
The World Bank Atlas method 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 given country and a set of other countries. This method is used to smooth fluctuations in prices and exchange rates. GNI per capita can also be calculated based on purchasing power parity (PPP), which converts GNI into international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States.
In Austria, GNI per capita has fluctuated over time. In 2022, it was $55,720, a 4.84% increase from 2021. In 2021, it was $53,150, an 8.51% increase from 2020. In 2020, it was $48,980, a 3.96% decline from 2019. The latest value for GNI per capita, PPP (current international $) in Austria was 55,620 as of 2020. Over the past 30 years, this indicator has fluctuated between 57,870 in 2019 and 19,550 in 1990.
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GNI per capita in Austria in 1960
GNI per capita provides a measure of a country's economic productivity and is often used for comparisons across economies. The World Bank typically calculates GNI per capita in national currency, which is then converted to US dollars using the Atlas method, a special conversion factor that smooths fluctuations in prices and exchange rates.
Over time, Austria's GNI per capita has fluctuated, reaching a record high of €52,097.88 in 2023 and a record low of €1,794.006 in 1960. These values demonstrate the changes in Austria's economic landscape over the years.
When considering GNI per capita, it is essential to account for purchasing power parity (PPP). PPP adjusts for differences in the cost of living and the price of goods and services across countries, providing a more accurate representation of a country's economic productivity and the purchasing power of its citizens.
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GNI per capita in Austria in 1990
GNI per capita in Austria has fluctuated over the years. GNI per capita, or gross national income per capita, 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 (employee compensation and property income) from abroad, divided by the midyear population. GNI per capita for Austria in 1990 was 37,787 in PPP constant 2011 international dollars.
The GNI per capita in Austria in 1990 can be compared with the GNI per capita in more recent years. For example, in 2020, the GNI per capita in Austria was 48,360 in current US dollars, according to the World Bank Atlas method. In 2020, the GNI per capita in Austria was 42,492 in current local currency. In 2019, the GNI per capita in Austria was 51,010 in current US dollars, according to the World Bank Atlas method. In 2019, the GNI per capita in Austria was 44,604 in current local currency.
The GNI per capita in Austria has generally increased over time, with some fluctuations. The GNI per capita in Austria reached a maximum value of 51,902 in 2019 and a minimum value of 1,755 in 1960 in current local currency. The GNI per capita in Austria reached a maximum value of 55,632 in 2019 and a minimum value of 37,787 in 1990 in PPP constant 2011 international dollars.
The GNI per capita in Austria is calculated using current US dollars, the World Bank Atlas method, current local currency, and PPP constant local currency. The fluctuations in the GNI per capita in Austria over the years may be due to various economic factors, such as changes in productivity, taxes, subsidies, and international transactions. The World Bank uses a special Atlas method of conversion to smooth fluctuations in prices and exchange rates, which applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in inflation rates.
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Frequently asked questions
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.
Austria's GNI per capita in 2023 was $55,070, a 1.17% decline from 2022.
Austria's GNI per capita in 2022 was $55,720, a 4.84% increase from 2021.
Austria's GNI per capita in 2021 was $53,150, an 8.51% increase from 2020.
