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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 table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. 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 #
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What is GDP per capita?
What is a country's GDP at purchasing power parity (PPP) per capita?
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What is GDP per capita (PPP)?
The GDP per capita varies drastically from one country to the next. The GDP of a country is dependent upon the country’s economic standing and overall profits compared to expenses. 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.
Lists of countries by GDP per capita. Lists of countries by GDP per capita list the countries or territories in the world by their gross domestic product (GDP) per capita. The lists may be based on nominal or purchasing power parity GDP. Gross national income (GNI) per capita accounts for inflows and outflows of foreign capital.
GDP per capita (current US$) World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap. Share Details. Label. 2022 - 2022.
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.
World gdp per capita for 2021 was $12,316, a 12.95% increase from 2020. World gdp per capita for 2020 was $10,904, a 3.83% decline from 2019. World gdp per capita for 2019 was $11,338, a 0.36% increase from 2018. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers ...
