Income Per Capita By Country 2019

The smallest budget per capita exists in the democratic republic of the congo.

Income per capita by country 2019. Ppp takes into account the relative cost of living rather than using only exchange rates therefore providing a more accurate picture of the real differences in income. N 1 for rankings regarding wealth see list of countries by wealth per adult. The updated data on gni per capita data for 2019 can be accessed here. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd.

The special drawing rights sdr deflator is used which is a weighted average of the gdp deflators of china japan the united kingdom the united states and the euro area. The table below lists countries in the world ranked by gdp at purchasing power parity ppp per capita along with the nominal gdp per capita. According to 2013 data from gallup the median household income worldwide is 9 733. As of 2019 the estimated average gdp per capita ppp of all of the countries of the world is int 18 381.

A high income economy is defined by the world bank as a country with a gross national income per capita of us 12 536 or more in 2019 calculated using the atlas method. Gdp per capita ppp constant 2017 international inflation gdp deflator annual oil rents of gdp download. 63 countries have per capita income greater than global average. 1960 2019 gdp per capita.

In this article we ll explore the median income around the world. Gdp per capita is often considered an indicator of a country s standard of living. 27 economies have less than 1 000. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar.

Out of 193 economies gdp nominal per capita of the 29 economies would increase and 164 economies would decrease in 2020 compared to 2019. Top gainers in 2019. Average income around the world the worldwide highest income is earned in monaco. The average income is calculated by gross national income and 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. While argentina and equatorial guinea has fallen below 10000 level in 2019. Gdp per capita of united states japan and israel have increased by more than 1 000 in 2019. To keep the income classification thresholds fixed in real terms they are adjusted annually for inflation.

Learn how the world bank group is helping countries with covid 19 coronavirus. This data is based on self reported data that was gathered between 2006 and 2012.