Iceland - GNI, Atlas method (current US$)

GNI, Atlas method (current US$) in Iceland was at 16578293170 USD in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 iceland gni atlas method us dollar wb data




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GNI (formerly GNP) 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. Data are in current U.S. dollars. 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.


Iceland | Economy & Growth

GDP (current US$)
16779598787 USD
GDP (current LCU)
2213543000000 LCU
GDP (constant 2000 US$)
15168620051 USD
GDP (constant LCU)
1854239418500 LCU
GNI (current US$)
16583293803 USD
GNI (current LCU)
2187646700000 LCU
GNI (constant 2000 US$)
11112238203 USD
GNI (constant LCU)
1837529784601 LCU
Gross savings (current LCU)
528720815818 LCU