India gdp per capita ppp

This is an alphabetical list of countries by past and projected Gross Domestic Product per capitabased on the Purchasing Power Parity PPP methodology, not on official exchange rates.

Business and economic data for countries. The average value for India during that period was U. The latest value from is U. For comparison, the world average in based on countries is U. See the global rankings for that indicator or use the country comparator to compare trends over time.

India gdp per capita ppp

Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. Summary Stats Forecast Download. The Gross Domestic Product per capita in India was last recorded at This page provides - India GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Trade Deficit Narrows in February. North Macedonia Holds Interest Rate at 6. Ghana Inflation Rate Ticks Down to Calendar Forecast Indicators News. Climate Precipitation Temperature.

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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 based on 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.

Most international comparisons on economic indicators are expressed in terms of official exchange rate. The technique of purchasing power parity allows us to estimate what exchange between two currencies is needed to express the accurate purchasing power of the tow currencies in the respective countries. Imagine that the market exchange rate between Dollar and Rupee is One Dollar in the US will buy one liter of milk there. Corresponding money in terms of Rupee i. If milk is the only commodity produced in the world you imagine it for simplicity sake , one will think that India is producing 10 liters of milk, if we use the market exchange rate. Actually, India produces 30 liters of milk.

India gdp per capita ppp

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It also excludes non-sovereign tax havens for example, Delaware or Labuan. This page provides - India GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Read View source View history. Article Talk. New Zealand. App Store Google Play Twitter. Retrieved 10 October In some very poor countries, it is less than dollars per year. In , Ireland's economic data became so distorted by U. Saint Lucia. 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. United Kingdom.

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.

Download as PDF Printable version. Developed country Developing country Least developed countries World Bank high-income economy Newly industrialized country Heavily indebted poor countries. Economic growth Q-on-Q. Economic Calendar. In advanced economies, it exceeds 35, dollars per year. Costa Rica. June Toggle limited content width. Category : Lists of countries by GDP per capita. Comparisons of national wealth are frequently made based on 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. Lists of countries by financial rankings List of international rankings Lists by country. Democratic Republic of the Congo.