The national gross income per capita in Paraguay increased by 300 U.S. dollars (+5.08 percent) compared to the previous year. In total, the national gross income amounted to 6,200 U.S. dollars in 2023. Gross national income (GNI) per capita is the total value of money received by a country, from both domestic or foreign sources, divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which implements a price adjusted, three year moving average, smoothing out fluctuations in exchange rates.
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. (October 24, 2024). Gross national income per capita in Paraguay from 2013 to 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved December 07, 2024, from https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/
World Bank. "Gross national income per capita in Paraguay from 2013 to 2023 (in U.S. dollars)." Chart. October 24, 2024. Statista. Accessed December 07, 2024. https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/
World Bank. (2024). Gross national income per capita in Paraguay from 2013 to 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 07, 2024. https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/
World Bank. "Gross National Income per Capita in Paraguay from 2013 to 2023 (in U.S. Dollars)." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/
World Bank, Gross national income per capita in Paraguay from 2013 to 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/ (last visited December 07, 2024)
Gross national income per capita in Paraguay from 2013 to 2023 (in U.S. dollars) [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1069967/gross-national-income-per-capita-paraguay/