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, gdp per capita by country ppp. 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.

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.

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.

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 gdp per capita by country ppp capita income. Ireland is one of the world's largest corporate tax havens. Lists of countries by financial rankings List of international rankings Lists by country.

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. The darker the shade, the higher the value. The country with the highest value in the world is Luxembourg, with a value of ,

Gdp per capita by country ppp

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South Korea. Saudi Arabia. GDP per capita Access to clean fuels for cooking vs. Accessed on 19 October How to cite this data In-line citation If you have limited space e. Northern Mariana Islands. GDP per capita Share of low-pay earners who are female vs. And why is it so important? Retrieved 20 May GDP per capita Carbon intensity vs.

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Central Intelligence Agency. Esteban Ortiz-Ospina and Marco Molteni. South Korea. How we process data at Our World in Data All data and visualizations on Our World in Data rely on data sourced from one or several original data providers. Wallis and Futuna. The data given on this page are based on the international dollar , a standardized unit used by economists. New Zealand. Retrieved 26 July GDP per capita Diarrheal diseases death rate in children vs. 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:. Not to be confused with List of countries by GDP nominal. Secondly, indicates the year in which the differences in the cost of living between countries was assessed.