Income Per Capita Ranking By Country

On dividing all annual incomes and profits by the amount of the countrie s population it will show the average income per capita.

Income per capita ranking by country. Gdp per capita is often considered an indicator of a country s standard of living. Among top 20 richest economies per capita income of 17 economies is less in 2019 compare to previous year. In this article we ll explore the median income around the world. Suriname and ukraine are the highest gainer in world gdp nominal per capita ranking by improving theirs rank by 7 positions.

In each country factors such as economic growth inflation exchange rates and population growth influence gni per capita. However this is problematic because gdp per capita is not a measure of personal income. This data is based on self reported data that was gathered between 2006 and 2012. The gross national income gni is the sum of the value added by all the goods and services produced within a determined country including foreign investment to which are added any product taxes excluding subsidies and the value earned by the nation.

The average income is calculated by gross national income and population. The figure is obtained by diving the final annual income by the population of the country. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. Norway s rich natural resources and fiscal responsibility allows it to have an incredibly high level of gross national income per capita.

Online tool for visualization and analysis. The updated data on gni per capita data for 2019 can be accessed here. When ranking the countries according to per capita income gdp is compared to purchasing power parity. Based on the purchasing power parity ppp data from 2016 qatar has the world s highest gni per.

Learn how the world bank group is helping countries with covid 19 coronavirus. The country s gdp is divided by the total population which is an indicator of the country s prosperity based on per capita income. Revisions to national accounts methods and data can also influence gni per capita. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar.

Countries by gni per capita. Gdp per capita ppp constant 2017 international inflation gdp deflator annual oil rents of gdp download. Zimbabwe is biggest loser as its rank is down by 14 position. This list contains projected gdp per capita nominal and ppp of top 50 countries economies in current prices of year 2019 and 2020 by imf alongside their world rank compare to world s average gdp growth rate and gdp.

By definition the gni per capita of a nation simply refers to the average income of the citizens of a particular nation.