Income Per Capita Ranking

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 ranking. Revisions to national accounts methods and data can also influence gni per capita. Likewise west virginia was the state to fall into last place over the course of those same three years. According to 2013 data from gallup the median household income worldwide is 9 733. To keep the income classification thresholds fixed in real terms they are adjusted annually for inflation.

1 300 compare to int as per capita gdp of macao sar would deline in ppp figure too. The updated data on gni per capita data for 2019 can be accessed here. Gdp per capita is often considered an indicator of a country s standard of living. Gdp per capita ppp current international gdp per capita current lcu gdp per capita ppp constant 2017 international inflation gdp deflator annual oil rents of gdp download.

However this is problematic because gdp per capita is not a measure of personal income. Average income around the world the worldwide highest income is earned in monaco. Taiwan province of china would climb past iceland and saudi arabia. In ppp ranking margin between macao sar 2nd and luxembourg 3rd would be decline to int.

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. Gross national income per capita 2019 atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 1 switzerland 85 500 1 macao sar china 123 290 l 2 norway 82 500 2 qatar 94 170. 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. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar.

Among top 20 richest economies per capita income of 17 economies is less in 2019 compare to previous year. All countries and economies. Zimbabwe is biggest loser as its rank is down by 14 position. The smallest budget per capita exists in the democratic republic of the congo.

Here are the fifty states and their respective per capita income for the years 2015 2016 and 2017 for comparison. The average income is calculated by gross national income and population. For example maryland consistently remained the state with the highest per capita income rate in 2015 2016 and 2017. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd.

Online tool for visualization and analysis.