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 uniqlo sanrio, 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.

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.

Gdp per capita by country ppp

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 The second table includes data, mostly for the year , for of the current United Nations member states as well as Hong Kong and Macau the two Chinese Special Administrative Regions. Data are in millions of international dollars; they were compiled by the World Bank. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to Non-sovereign entities the world, continents, and some dependent territories and states with limited recognition such as Kosovo , Palestine and Taiwan are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison.

GDP per capita Mismanaged plastic waste per capita vs. A list of the top 15 GDP-per-capita countries from tocontains most of the major global tax havens see GDP-per-capita tax haven proxy for more detail :. Citations How to cite this page To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:, 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 should be used with caution. Comparisons of national wealth are frequently made on the basis of nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates , which may distort the real differences in income. This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income.

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Gdp per capita by country ppp

PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

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What is the evidence? PPP per capita Nominal per capita. Saint Kitts and Nevis. It is the result of adjusting both for inflation within countries over time and for differences in the cost of living between countries. Tax rates Inheritance tax Tax revenue Wage average median minimum. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to GDP per capita Stunting vs. GDP per capita Staff compensation as a share of total expenditure in primary public education vs. If it has an educated work force and stable political and economic conditions, the technological spillover is more likely to occur. International Monetary Fund. Tax haven Sink OFC. However, it is increasingly being recognized that tax havens , or corporate tax havens , have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. GDP per capita Share of farms operated by smallholders vs.

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Tax haven Sink OFC. Looking more broadly, there is no evidence that the incomes of poor countries in Africa, Latin America and elsewhere have gained relative to the rich countries. Reuse this work All data produced by third-party providers and made available by Our World in Data are subject to the license terms from the original providers. Retrieved 20 May Article Talk. British Virgin Islands. Puerto Rico. South Africa. The indicator is available from to It also excludes non-sovereign tax havens for example, Delaware or Labuan. Retrieved 9 November