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However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. World Bank tracks a number of income- and poverty-related metrics, including GDP per capita, GNI per capita, GINI coefficient per country, and median income. As of March 2021, the 10 countries with the highest median incomes ranked ...
The median income is the income amount that divides a population into two equally-sized groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of understanding income distribution . Median income can be calculated by household income ...
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The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Afghanistan. In our comparison over 94 countries, the USA comes 7th with an average income of 76,770 USD. The average gross annual wage per full-time employee in the USA was $77,464 in 2022, or around $6,455 per month ($3,205/year more than in the ...
Although it is expressed as a dollar amount per resident, GDP per capita is not a measure of the average or median personal income of a given country's people. Rather, it is a measure of the relative health of that country’s overall economy and industry. Top 10 Countries with the Highest GDP per Capita (US Dollars)*:
Depending on the country and year, the data relates to income measured after taxes and benefits, or to consumption, per capita. 'Per capita' means that the income of each household is attributed equally to each member of the household (including children). Non-market sources of income, including food grown by subsistence farmers for their own ...
GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries.
The United States is the fifth highest country on the list, with its citizens earning a median income of $19,306 per year. In Canada, the median income is slightly lower, at $18,652 and Austria follows with a median income of $18,405. Sweden, on the other hand, has a median income of $17,625 annually. Finally, rounding out the top ten are ...
