GNI per capita (constant LCU)

This economic indicator measures the average income generated by the residents of a nation, adjusted for inflation to reflect real purchasing power. It is derived by dividing the total gross national income—reflecting the performance of domestic production and net income received from overseas—by the population at midyear. By considering value added from local production, taxes, and income from foreign investments, this metric provides a nuanced understanding of a country's financial health. Expressed in constant local currency, it allows for accurate comparisons over time by removing the distortions of price changes, thus offering valuable insights into the living standards and economic stability of the populace. Source: