Atlas method
The World Bank has used the Atlas method[1] since 1993 to estimate the economic size of countries based on their gross national income (GNI) in U.S. dollars.
To convert a country's GNI from its local currency to U.S. dollars, the Atlas method uses a conversion factor that averages exchange rates over three years. This helps reduce the impact of temporary exchange rate changes. Additionally, it adjusts for differences in inflation rates between the country (using its GDP deflator) and several developed countries (using a weighted average of their GDP deflators in Special Drawing Rights, or SDR, terms). The converted GNI in U.S. dollars is then divided by the country's midyear population to determine GNI per capita.[1]
The World Bank prefers the Atlas method for comparing the economic sizes of countries. It is used to categorize countries into low, middle, and high-income groups and to determine their eligibility for loans. This method helps avoid abrupt changes in country classification due to short-term economic fluctuations.
| No. | Country | GNI (Atlas method)[2] | GNI[3] | Difference |
|---|---|---|---|---|
| 1 | File:Flag of the United States.svg United States | 18,357,322 | 18,968,714 | -611,392 |
| 2 | File:Flag of the People's Republic of China.svg China | 11,374,227 | 11,154,194 | 220,033 |
| 3 | File:Flag of Japan.svg Japan | 4,816,892 | 5,096,371 | -279,479 |
| 4 | File:Flag of Germany.svg Germany | 3,624,638 | 3,536,579 | 88,058 |
| 5 | File:Flag of the United Kingdom.svg United Kingdom | 2,778,488 | 2,587,657 | 190,831 |
| 6 | File:Flag of France.svg France | 2,590,030 | 2,504,684 | 85,346 |
| 7 | File:Flag of India.svg India | 2,212,306 | 2,235,524 | -23,218 |
| 8 | File:Flag of Italy.svg Italy | 1,923,095 | 1,863,085 | 60,011 |
| 9 | File:Flag of Brazil.svg Brazil | 1,835,993 | 1,758,527 | 77,466 |
| 10 | File:Flag of Canada (Pantone).svg Canada | 1,584,177 | 1,508,495 | 75,682 |
See also
References
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