India gdp per capita ppp

This is an alphabetical list of countries by past and projected Gross Domestic Product per capitabased on the Purchasing Power Parity PPP methodology, not on official exchange rates. Values are given in International Dollars. Contents move to sidebar hide.

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India gdp per capita ppp

Business and economic data for countries. The average value for India during that period was U. The latest value from is U. For comparison, the world average in based on countries is U. See the global rankings for that indicator or use the country comparator to compare trends over time. Download data API. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production. GDP per capita varies considerably across countries. In advanced economies, it exceeds 35, dollars per year.

See the global rankings for that indicator or use the country comparator to compare trends over time. GDP per Capita. Article Talk.

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, 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 based on nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP 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 rates , which may distort the real differences in income. This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income. See Standard of living and GDP. All figures are in current international dollars , and rounded to the nearest whole number.

Most international comparisons on economic indicators are expressed in terms of official exchange rate. The technique of purchasing power parity allows us to estimate what exchange between two currencies is needed to express the accurate purchasing power of the tow currencies in the respective countries. Imagine that the market exchange rate between Dollar and Rupee is One Dollar in the US will buy one liter of milk there. Corresponding money in terms of Rupee i.

India gdp per capita ppp

Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. Summary Stats Forecast Download. The Gross Domestic Product per capita in India was last recorded at This page provides - India GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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It also excludes non-sovereign tax havens for example, Delaware or Labuan. Read View source View history. 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 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. S2CID This is an alphabetical list of countries by past and projected Gross Domestic Product per capita , based on the Purchasing Power Parity PPP methodology, not on official exchange rates. The average value for India during that period was U. Cape Verde. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. PPP per capita Nominal per capita. GDP from Agriculture. Economic growth Q-on-Q.

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, 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.

Contents move to sidebar hide. Calendar Forecast Indicators News. Lists of countries by financial rankings List of international rankings Lists by country. Gross Fixed Capital Formation. 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 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. Toggle limited content width. November Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production. South Africa. See the global rankings for that indicator or use the country comparator to compare trends over time.