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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.
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.
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 ($20,645) 1. Luxembourg.
Lists of countries by GDP per capita. Lists of countries by GDP per capita list the countries or territories in the world by their gross domestic product (GDP) per capita. The lists may be based on nominal or purchasing power parity GDP. Gross national income (GNI) per capita accounts for inflows and outflows of foreign capital.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
GDP per capita (current US$) World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Details. Label. 1960 - 2022. Country. Most Recent Year.
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.
