Latin America & Caribbean (IDA & IBRD): Adjusted net national income per capita (annual % growth)

Key figures

What the numbers say

In 2021, Latin America & Caribbean (IDA & IBRD)'s adjusted net national income per capita (annual % growth) rose 10.84 percentage points on 2020 (from -7.41% to 3.43%).

Across the 30 yearly changes before that (1991 to 2020), the average change was −0.31 percentage points and a typical year strayed about 3.58 percentage points from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 13.35 percentage points in 1979 and the biggest yearly fall was 7.74 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 51 values

Adjusted net national income per capita (annual % growth) in nearby economies

• Algeria — 1.95% (2021)
• Bahrain — -7.86% (2020)
• Egypt, Arab Rep. — 0.05% (2021)
• Iran, Islamic Rep. — 13.66% (2021)
• Iraq — 18.56% (2021)
• Israel — 6.91% (2021)
• Lebanon — -16.43% (2021)
• Libya — 29.89% (2021)
• Morocco — 6.08% (2021)

More economic policy & debt data for Latin America & Caribbean (IDA & IBRD)

• General government final consumption expenditure (current US$) — US$1.11 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$958.95 billion (2025)
• General government final consumption expenditure (% of GDP) — 15.7% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$4.86 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$4.11 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,311 (2025)
• Households and NPISHs final consumption expenditure (% of GDP)

Reading data like this

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Questions people ask

What is Latin America & Caribbean (IDA & IBRD)'s adjusted net national income per capita (annual % growth)?

3.43% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is down 2.44 percentage points from 5.87% in 1971. The highest value was 8.85% in 1979 and the lowest -8.86% in 1983.

Is the latest change in adjusted net national income per capita (annual % growth) unusual for Latin America & Caribbean (IDA & IBRD)?

In 2021, Latin America & Caribbean (IDA & IBRD)'s adjusted net national income per capita (annual % growth) rose 10.84 percentage points on 2020 (from -7.41% to 3.43%). Across the 30 yearly changes before that (1991 to 2020), the average change was −0.31 percentage points and a typical year strayed about 3.58 percentage points from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.PC.KD.ZG, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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