India gdp per capita ppp

Business and economic data for countries. The average value for India during that period was U. The latest value from is U.

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India gdp per capita ppp

This is an alphabetical list of countries by past and projected Gross Domestic Product per capita , based on the Purchasing Power Parity PPP methodology, not on official exchange rates. Values are given in International Dollars. Contents move to sidebar hide. Article Talk. Read View source View history. Tools Tools. Download as PDF Printable version. Retrieved 10 October Lists of countries by GDP rankings. Per capita Past and projected per capita Sector composition. Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically. PPP per capita Nominal per capita. Lists of countries by financial rankings List of international rankings Lists by country.

GDP from Manufacturing. United Arab Emirates. Subscription Plans Features.

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.

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

India gdp per capita ppp

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.

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Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically. GDP from Manufacturing. 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. Lists of countries by GDP rankings. Hidden categories: Articles with short description Short description is different from Wikidata Wikipedia pages semi-protected against vandalism Use dmy dates from October New Zealand. Gross National Product. In , Ireland's economic data became so distorted by U. Customers Investors Careers About us Contact. These investments in empty corporate shells almost always pass through well-known tax havens. World Bank.

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.

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. App Store Google Play Twitter. GDP, current U. Dominican Republic. In , Ireland's economic data became so distorted by U. Gross National Happiness Net material product Research and development spending Stock market capitalization Patents, trademarks, and industrial design filing activity. Saudi Arabia. Lists of countries by financial rankings. API users can feed a custom application. See Standard of living and GDP. Central bank interest rate Commercial bank prime lending rate. Summary Stats Forecast Download. United States. GDP from Construction. Report for Selected Countries and Subjects: Syria".