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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.
- List of Countries by GDP (Ppp) Per Capita
A country's gross domestic product (GDP) at purchasing power...
- Per capita
Per capita is a Latin phrase literally meaning "by heads" or...
- List of Countries by GDP (Ppp) Per Capita
e. Gross Domestic Product ( GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [4] [5] [6] GDP is more often used by the government of a single country to measure its economic health. [3] Due to its complex and subjective nature ...
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Is GDP per capita a measure of a country's standard of living?
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Mar 31, 2024 · Per capita GDP is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is especially useful ...
GDP (in US$) per capita by country or territory. Note: Data unavailable for the Falkland Islands, the Faroe Islands, Gibraltar, Guernsey, the Holy See ( Vatican City ), the Isle of Man, Jersey, Niue, the Pitcairn Islands, Saint Helena, Ascension and Tristan da Cunha, Tokelau, the United States Virgin Islands, and Western Sahara .
Country/territoryUn RegionImf [3] [4](estimate)Imf [3] [4](year)————135,0462022——May 29, 2023 · What you should know about this indicator. This GDP per capita indicator provides information on economic growth and income levels from 1990. This data is adjusted for inflation and for differences in the cost of living between countries. This data is expressed in international-$ at 2017 prices.
Per capita GDP is typically expressed in local current currency, local constant currency or a standard unit of currency in international markets, such as the U.S. dollar (USD). At FocusEconomics, we express GDP per capita in USD terms. GDP per capita is an important indicator of economic performance and a useful unit when making cross-country ...
