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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.
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. Rather, it is a measure of the relative health of that country’s overall economy and industry. Top 10 Countries with the Highest GDP per Capita (US Dollars)*:
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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.
Apr 10, 2024 · Apr 10, 2024. The statistic shows the 20 countries with the largest gross domestic product (GDP) per capita in 2022. In 2022, Belgium ranked 19th with an estimated GDP of about 49,843.16 U.S ...
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.
Country/territoryUn RegionImf [5] [6](projection)Imf [5] [6](year)455202491620241,12320241,5522024The 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. Income inequality metrics measure the distribution of income between rich and poor. Lists. GDP List of countries by GDP (nominal) per capita; List of countries by GDP (PPP) per capita; GNI
Mar 29, 2023 · Luxembourg’s per capita GDP is nearly 415 times the per capita GDP of the world’s poorest country, Burundi, at $303. Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000. Ireland’s GDP per capita, in particular, has seen a significant increase in recent years ...
