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.

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.

Gdp per capita by country ppp

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. 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant international dollars. Is the world income inequality getting smaller? If poor countries grow faster than rich countries, over time they will catch up in terms of their level of income measured by GDP per capita in PPP terms. This process is called income convergence.

The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by any of the sources.

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

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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars based on the ICP round. The shade of the country corresponds to the magnitude of the indicator.

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.

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GDP per capita Death rate from pneumonia in children vs. American Samoa. Central bank interest rate Commercial bank prime lending rate. UA Emirates. This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. GDP per capita Daily per capita fat supply vs. San Marino. GDP per capita Per capita fossil energy consumption vs. GDP per capita Maternal mortality ratio vs. GDP per capita Share of children who are stunted vs. Retrieved 20 May Lists of countries by financial rankings. Tax rates Inheritance tax Tax revenue Wage average median minimum.

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Central bank interest rate Commercial bank prime lending rate. Think of it as follows. Costa Rica. The income of the country will lag behind the income of countries with better education and institutions. However, returns could also be increasing, instead of diminishing. The data given on this page are based on the international dollar , a standardized unit used by economists. San Marino. Marshall Islands. Financier Worldwide Magazine. GDP per capita Share of primary energy that is low-carbon vs. 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:. Before these figures can be meaningfully compared, they need to be converted into common units. If it has an educated work force and stable political and economic conditions, the technological spillover is more likely to occur.