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(see List of countries by GDP (PPP) per capita). PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. The rankings of national economies over time have changed considerably; the United States surpassed the British Empire's output around 1916, which in turn had surpassed the Qing dynasty in aggregate output decades earlier.
PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. See also: GDP by Country. #. Country. GDP (PPP) per capita (2022) GDP (nominal) per capita (2022) vs. World PPP GDP per capita ($20,645) 1. Luxembourg.
Top Losers in 2022: Out of 195 economies, gdp (nominal) per capita 62 economies have decreased in 2022 compared to 2021. With a decline of more than $12,552, the GDP per capita of Macao SAR is the top decliner folliwed by Luxembourg ($-8327), Japan ($-6079), Sweden ($-5015), and France ($-2851).
May 20, 2024 · This GDP per capita indicator provides information on economic growth and income levels from 1990. This data is adjusted for inflation and for differences in the cost of living between countries. This data is expressed in international-$ at 2017 prices.
(See List of countries by GDP (PPP) per capita.) PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
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Jun 13, 2024 · Jun 13, 2024. The statistic shows the 20 countries with the largest gross domestic product (GDP) per capita in 2023. In 2023, Belgium ranked 19th with an estimated GDP of about 49,843.16 U.S ...
