Gdp per capita by country ppp

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. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they gdp per capita by country ppp be used with caution.

Business and economic data for countries. The highest value was in Luxembourg: U. The indicator is available from to Below is a chart for all countries where data are available. Measure: U. Download data API.

Gdp per capita by country ppp

Much of the economic data we use to understand the world — for instance on the goods and services bought or produced by households, firms and governments, or the incomes they receive — is initially recorded in terms of the units in which these transactions took place. That means this data starts out being expressed in a variety of local currencies — as so many rupees, US dollars, or yuan, etc. Before these figures can be meaningfully compared, they need to be converted into common units. International dollars int. It is the result of adjusting both for inflation within countries over time and for differences in the cost of living between countries. Similarly, one int. The year here indicates two things, related to the two adjustments mentioned. Firstly, it tells us the base year used for the inflation adjustment within countries. This is the year whose prices are chosen to be the benchmark. If prices are higher than this benchmark year, nominal data will be adjusted downwards. If prices are lower, nominal data will be adjusted upwards.

United Kingdom. Wealth per adult Europe Financial assets per capita.

The data given on this page are based on the international dollar , a standardized unit used by economists. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. The first set of data on the left columns of the table includes estimates for the year made for each economy of the economies U. The data is in millions of international dollars and was calculated and published by the IMF in October

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Gdp per capita by country ppp

Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. This indicator provides per capita values for gross domestic product GDP expressed in current international dollars converted by purchasing power parity PPP conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. Aruba USD.

Hollins porter

GDP per capita Changes in energy use vs. Learn more here OK. Bosnia and Herzegovina. Saint Lucia. However, returns could also be increasing, instead of diminishing. GDP per capita Median income or consumption per day vs. GDP per capita Carbon intensity vs. What you should know about this indicator Learn more in the FAQs. In the base year itself, the nominal and inflation-adjusted figures are the same by definition. Contents move to sidebar hide. Economic classification of countries. Cape Verde. North Macedonia. Cape Verde.

The data given on this page are based on the international dollar , a standardized unit used by economists. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities.

What you should know about this indicator Learn more in the FAQs. New Zealand. Retrieved 20 May British Virgin Islands. Retrieved on. GDP per capita Vegetable supply per person vs. The goal of PPP rates is to account for these price differences. Cayman Islands. By country past and projected per capita per capita. Is the world income inequality getting smaller? Forex reserves Forex reserves ex. GDP per capita Weekly hours worked by children vs. A list of the top 15 GDP-per-capita countries from to , contains most of the major global tax havens see GDP-per-capita tax haven proxy for more detail :. Sri Lanka.