Gdp Per Capita Wiki

The per capita of the richest economy luxembourg would be 1 001 and 664 of the global average in nominal and ppp methods respectively.

Gdp per capita wiki. The lists may be based on nominal or purchasing power parity gdp. Lists of countries by gdp per capita list the countries in the world by their gross domestic product gdp per capita. The gdp measure is different from gross national product gnp in that gnp gdp net income from assets in other countries net income receipts. Gdp per capita is often considered an indicator of a country s standard of living.

Selecting all countries gdp per capita current us world bank. Accessed on 1st of july 2018. Ppp is for purchasing power parity. World bank international comparison program database 2011 2014.

However this is problematic because gdp per capita is not a measure of personal income. Purchasing power parity means how much money would be needed to buy the same item in two different countries. Gross national income gni per capita accounts for inflows and outflows of foreign capital. States by gdp per capita chained 2009 dollars 2 rank state 2018 2017 2016 2015 2014 2013 2012 2011 district of columbia 160 472.

Income inequality metrics measure the distribution of income between rich and poor. Gross domestic product gdp is converted to international dollars using purchasing power parity rates ppp. Accessed on 17 jan 2019. Gdp per capita is the total income of a country divided by the number of inhabitants.

World map of gdp per capita by country. Per capita gross domestic product gdp is a metric that breaks down a country s economic output per person and is calculated by dividing the gdp of a country by its population. Comparisons of national income are also frequently made on the basis of purchasing power parity ppp to adjust for differences in the cost of living in different countries. It shows how rich people on average are.

National accounts main aggregates database 2017 select all countries gdp per capita gdp us dollars and 2016 to generate table united nations statistics division.