Gdp per capita by country ppp

A country's gross domestic product GDP at purchasing power parity PPP per capita is the PPP value of all final goods and services produced within an economy in a given year, gdp per capita by country ppp, divided by the average or mid-year population for the same year. This is similar to nominal GDP per capita, but adjusted for the cost of living in each country. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. Comparisons of national wealth are frequently made on the basis of nominal GDP and savings not just incomewhich do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a Squidward fat basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange gdp per capita by country pppwhich may distort the real differences in income.

Much of the economic data we use to understand the world — for instance on the goods and services bought or produced by households, firms and governments, or the incomes they receive — is initially recorded in terms of the units in which these transactions took place. That means this data starts out being expressed in a variety of local currencies — as so many rupees, US dollars, or yuan, etc. Before these figures can be meaningfully compared, they need to be converted into common units. International dollars int. It is the result of adjusting both for inflation within countries over time and for differences in the cost of living between countries. Similarly, one int.

Gdp per capita by country ppp

Business and economic data for countries. The highest value was in Luxembourg: U. The indicator is available from to Below is a chart for all countries where data are available. Measure: U. Download data API. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant international dollars. Is the world income inequality getting smaller? If poor countries grow faster than rich countries, over time they will catch up in terms of their level of income measured by GDP per capita in PPP terms. This process is called income convergence.

GDP per capita Diabetes prevalence vs. Saudi Arabia. Similarly, one int.

The data given on this page are based on the international dollar , a standardized unit used by economists. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. The first set of data on the left columns of the table includes estimates for the year made for each economy of the economies U. The data is in millions of international dollars and was calculated and published by the IMF in October The second table includes data, mostly for the year , for of the current United Nations member states as well as Hong Kong and Macau the two Chinese Special Administrative Regions.

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Gdp per capita by country ppp

The data given on this page are based on the international dollar , a standardized unit used by economists. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. The first set of data on the left columns of the table includes estimates for the year made for each economy of the economies U. The data is in millions of international dollars and was calculated and published by the IMF in October The second table includes data, mostly for the year , for of the current United Nations member states as well as Hong Kong and Macau the two Chinese Special Administrative Regions. Data are in millions of international dollars; they were compiled by the World Bank. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to Non-sovereign entities the world, continents, and some dependent territories and states with limited recognition such as Kosovo , Palestine and Taiwan are included in the list in cases in which they appear in the sources.

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Download as PDF Printable version. Much of the economic data we use to understand the world — for instance on the goods and services bought or produced by households, firms and governments, or the incomes they receive — is initially recorded in terms of the units in which these transactions took place. Saint Helena, Ascension and Tristan da Cunha. Although the EU is not a federation in the strict sense, it is far more than a free-trade association such as ASEAN, NAFTA, or Mercosur, and it has certain attributes associated with independent nations: its own flag, currency for some members , and law-making abilities, as well as diplomatic representation and a common foreign and security policy in its dealings with external partners. GDP per capita Access to clean fuels for cooking vs. Sri Lanka. South Korea. The second table includes data, mostly for the year , for of the current United Nations member states as well as Hong Kong and Macau the two Chinese Special Administrative Regions. North Macedonia. Gross National Happiness Net material product Research and development spending Stock market capitalization Patents, trademarks, and industrial design filing activity. GDP per capita Staff compensation as a share of total expenditure in primary public education vs. Data are in constant international dollars.

PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates.

It is the result of adjusting both for inflation within countries over time and for differences in the cost of living between countries. Burkina Faso. Nominal per capita PPP per capita. International dollars int. GDP per capita World Bank. East Timor. International Monetary Fund. Central African Republic. GDP per capita Share of dietary energy derived from protein vs. GDP per capita Death rate from outdoor air pollution vs. Wealth per adult Europe Financial assets per capita. Trinidad and Tobago. Secondly, indicates the year in which the differences in the cost of living between countries was assessed. South Sudan. Retrieved 17 November