Turks and Caicos Islands vs Vanuatu: GNI, Atlas method
GNI, Atlas method over time
- Turks and Caicos Islands
- Vanuatu
How they compare
Turks and Caicos Islands currently reports 1.71 billion current US$ against 1.48 billion current US$ in Vanuatu, a difference of 233.80 million current US$.
That makes Turks and Caicos Islands's figure about 1.2 times Vanuatu's.
The two have swapped places 2 times across 11 shared years of data; in 2014 it was Turks and Caicos Islands ahead.
Globally, Turks and Caicos Islands ranks 191st and Vanuatu ranks 194th of 207 countries.
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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.