World Map Income Per Capita

Cia world factbook unless otherwise noted information in.

World map income per capita. 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 world bank classifies economies for analytical purposes into four income groups. The smallest budget per capita exists in the democratic republic of the congo. 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.

Dollars converted from local currency using the world bank atlas method which is applied to smooth exchange rate fluctuations. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. 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. Average income around the world the worldwide highest income is earned in monaco.

It can be used to evaluate the quality of life and standard of living of the population or in determining the mean per person income for a region. The average income is calculated by gross national income and population. For this purpose it uses gross national income gni per capita data in u s. Per capita income is an economic concept used to describe the measurement of the amount of money that is earned per individual in a given geographic region or country.

Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any. 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. The top 5 countries also includes switzerland ireland macau and norway. The shade of the country corresponds to the magnitude of the indicator.

Gdp per capita constant lcu gdp per capita constant 2010 us gdp per capita ppp current international gdp per. The darker the shade the higher the value. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. As of 2019 gdp per capita in luxembourg was 115 839 us dollars.

Gdp per capita is gross domestic product divided by midyear population. Gdp per capita is often considered an indicator of a country s standard of living. Low lower middle upper middle and high income. 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.

Gdp per capita current us from the world bank. The map displayed here shows how gdp per capita ppp varies by country. Gdp per capita growth annual.