Andorra vs Faroe Islands: GNI, Atlas method
GNI, Atlas method over time
- Andorra
- Faroe Islands
How they compare
Andorra currently reports 4.41 billion current US$ against 4.00 billion current US$ in Faroe Islands, a difference of 417.70 million current US$.
That makes Andorra's figure about 1.1 times Faroe Islands's.
The two have swapped places 1 time across 6 shared years of data; in 2019 it was Andorra ahead.
Globally, Andorra ranks 169th and Faroe Islands ranks 171st of 207 countries.
Individual pages
About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method. 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. 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 between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.