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Median income
- Median income is a metric used to identify the midpoint of a given nation’s income distribution.
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Average income around the world. 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 ...
- United States
With an average annual income of 76,770 USD the United...
- Singapore
With 7,840 inhabitants per km², it is also the third most...
- Europe
Richest countries Unemployment rates Average income Income...
- Nigeria
This land area is approximately 133% of the area of Texas....
- Unemployment Rates
Low quotas in very rich countries The situation is different...
- United States
Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such as the American Community Survey.
Gross national income (GNI) measures the total income earned by residents of a country, including income earned abroad. This data is adjusted for inflation and differences in the cost of living between countries.
All Charts. FAQs. Sources & Processing. Reuse This Work. What you should know about this indicator. This GDP per capita indicator provides information on economic growth and income levels from 1990. This data is adjusted for inflation and for differences in the cost of living between countries.
- What Is Per Capita Income?
- Understanding Per Capita Income
- Uses of Per Capita Income
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income is used to determine the average per-person income for an area and to evaluate the standard of living and quality of lifeof the population. Per capita income for a nation is calculated by dividing the country's national income...
Per capita income counts every individual adult and child, even newborn babies, as a member of the population. This stands in contrast to other common measurements of an area's prosperity, such as household income, which counts all people residing under one roof as a household, and family income, which counts as a family those related by birth, mar...
Perhaps the most common use of income per capita is to ascertain an area's wealth or lack of wealth. For example, income per capita is one metric the U.S. Bureau of Economic Analysis (BEA)uses to rank the wealthiest counties in the United States, the other being median household income. Per capita income is also useful in assessing an area's afford...
- Will Kenton
- 1 min
Per capita income (PCI) or “average income” is the measurement of average income per person in a specific country, city, or region within a definitive time period. Used primarily in economics, PCI utilizes average income to calculate and present the standard of living and quality of life for a population or area in study.
Jul 1, 2020 · The 2018 GNI per capita figure has been revised down to $840 from the previously published figure of $1,560 (which is listed in the table). Algeria, Indonesia, Mauritius, Nepal, Sri Lanka and Romania were very close to the respective thresholds last year. More information.
