The national gross income per capita in the Dominican Republic increased by 630 U.S. dollars (+6.95 percent) in 2023 in comparison to the previous year. With 9,700 U.S. dollars, the national gross income thereby reached its highest value in the observed period. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.
The source provides the following additional information: '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.'
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World Bank. (September 19, 2024). Gross national income per capita in the Dominican Republic from 2013 to 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/
World Bank. "Gross national income per capita in the Dominican Republic from 2013 to 2023 (in U.S. dollars)." Chart. September 19, 2024. Statista. Accessed October 13, 2024. https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/
World Bank. (2024). Gross national income per capita in the Dominican Republic from 2013 to 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/
World Bank. "Gross National Income per Capita in The Dominican Republic from 2013 to 2023 (in U.S. Dollars)." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/
World Bank, Gross national income per capita in the Dominican Republic from 2013 to 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/ (last visited October 13, 2024)
Gross national income per capita in the Dominican Republic from 2013 to 2023 (in U.S. dollars) [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/1068878/gross-national-income-per-capita-dominican-republic/