Income Per Capita Ppp By Country

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.

Income per capita ppp by country. 25 000 and 111 has above int. The classifications are updated each year on july 1 and are based on gni per capita in current usd using the atlas method exchange rates of the previous year i e. 10 000 at purchasing power parity basis. Argentina ranked first for gdp ppp per capita amongst former spanish colonies in 2004.

There would be 21 economies that have per capita gdp ppp above int. In ppp data macao sar and singapore s exit will leave only luxembourg with gdp per capita of above one lakh international dollar in 2020. According to 2013 data from gallup the median household income worldwide is 9 733. 77 economies have per capita income greater than global average.

The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. Gdp per capita ppp gdp per capita ppp compares gdp on a purchasing power parity basis divided by population as of 1 july for the same year. 2019 in this case. Netherlands ranked first for gdp ppp per capita amongst non religious countries in.

Per capita income of top ranker qatar is over 7 times to the world gdp per capita and 183 times of lowest ranked burundi of int. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. Seychelles ranked first for gdp ppp per capita amongst sub saharan africa in 2004. Bahrain canada and finland are expected to decline below int.

50 000 62 have above int. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar. There are 24 economies which have per capita income above int. On dividing all annual incomes and profits by the amount of the countrie s population it will show the average income per capita.

The average income is calculated by gross national income and population. In this article we ll explore the median income around the world. 50k mark in 2020. France ranked last for gdp ppp per capita amongst group of 7 countries g7 in 2004.

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. Rank country gdp per capita ppp date of information. 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. This data is based on self reported data that was gathered between 2006 and 2012.

However this is problematic because gdp per capita is not a measure of personal income.