Income Per Capita Worldwide

According to 2013 data from gallup the median household income worldwide is 9 733.

Income per capita worldwide. 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. Average income around the world the worldwide highest income is earned in monaco. Learn how the world bank group is helping countries with covid 19 coronavirus. 2019 in this case.

Gdp per capita ppp current international gdp per capita current lcu gdp per capita ppp constant 2017 international. Gdp per capita current us from the world bank. This data is based on self reported data that was gathered between 2006 and 2012. 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.

The average income is calculated by gross national income and population. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. The smallest budget per capita exists in the democratic republic of the congo.

In this article we ll explore the median income around the world. For example maryland consistently remained the state with the highest per capita income rate in 2015 2016 and 2017. 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. Likewise west virginia was the state to fall into last place over the course of those same three years.