That is what is brought out by Maddison's estimates of GDP per capita, again in PPP terms in 1990 dollars. In 1 AD, India's GDP per capita was $450, as was China's. But Italy under the Roman Curacao has limited natural resources, poor soil, and inadequate water supplies, and budgetary problems complicate reform of the health and education systems. Although GDP grew only slightly during the past decade, Curacao enjoys a high per capita income and a well-developed infrastructure compared to other countries in the region. In order to make economic levels of all countries comparable over time, despite all the differences in currencies, inflation and prices, we have aligned all other sources to this World Bank indicator which we currently use as our gold standard: GDP per capita, PPP (constant 2011 international $) GDP per capita is an average, and thus ignores the distribution of incomes in a given country. Although the GDP per capita of a country may be very high, it may be the case that 10 percent of the country earn millions of times more than the other 90 percent of the country's inhabitants, who earn extremely low wages. This is frequently used to assert that China is the world's second-largest economy, but such a calculation would only be valid under the PPP theory. At the other extreme, Denmark's nominal GDP per capita is around US$62,100, but its PPP figure is only US$37,304. GNP is a better representation for Ireland. I think what you mean is to question whether GDP actually is a good measure, as it is technically the best representation of GDP because that is just what it measures after all.
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and
Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2019 See also: GDP - per capita (PPP) map Related News. Brunei: Spoiled Subjects of the Sultan The Diplomat - 2/11/2020 2:28:00 PM Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Description: The map displayed here shows how GDP - per capita (PPP) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. 2,470 economic data series with tags: GDP, Per Capita, PPP. FRED: Download, graph, and track economic data. Gross Domestic Product. Purchasing Power Parity. DEFINITION: Purchasing Power Parity (PPP) in Millions of International Dollars, 2004. Figures expressed per capita for the same year. SHOW ALL. LESS. Economy > GDP > PPP per capita: Countries Compared Map. Interesting observations about Economy > GDP > PPP per capita.
In 2019, GDP per capita based on PPP for Ghana was 6,956 international dollars. Over the last 20 years, GDP per capita based on PPP of Ghana grew substantially from 2,364 to 6,956 international dollars rising at an increasing annual rate that reached a maximum of 17.00% in 2011 and then decreased to 7.15% in 2019.
Posted in News | Tagged Corrections & updates, gdp, gdp 2007, GDP per capita, gdp per capita 2007, income per person, latest gdp, new gdp per person Data for "Income per person" now also for 2006 The indicator "Income per person (fixed PPP$)" has been updated with new data for the year 2006 for 173 countries Read more … The latest comprehensive information for - Central African Republic GDP per capita PPP - including latest news, historical data table, charts and more. India is the projected to become fifth-largest economy of the world. But, due to its huge population of more than 1.37 billion, India is at 145th position in term of GDP (nominal) per capita. Per capita income of India is approx 5 times lower than world's average around of $11,673. GDP per capita may therefore be viewed as a rough indicator of a nation's prosperity, while GDP per employed person and GDP per hour worked can provide a general picture of a country's productivity. Developing Economies Dominate Per Capita GDP-PPP Growth by Wendell Cox 05/13/2016 The world's developing economies have dominated purchasing power economic growth over the last 35 years, according to the most recent gross domestic product (GDP-PPP) per capita data from the International Monetary Fund (IMF). El Futuro Económico de América Latina: ¿Hecho en China? 2012 Latin American Cities Conferences "Panama: Where the World Meets" % Growth Rate GDP per capita PPP Real GDP Growth Forecasts Around the World Annual Real GDP Growth Rate, Weighted Averages 2010 2011 2012 GDP per capita PPP 2.5% 3.5% 4.5% 5.5% 6.5% 7.5% 8.5% GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together. Sign up GDP total & per capita, in constant PPP dollars
GDP per capita, PPP (current international $) in Pakistan was reported at 5567 in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World
Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. 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. The Gross Domestic Product per capita in Indonesia was last recorded at 11605.90 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Indonesia, when adjusted by Purchasing Power Parity is equivalent to 65 percent of the world's average. (See List of countries by GDP (PPP) per capita.) PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. This is a list of countries of the world sorted by their gross domestic product (GDP) per capita.GDP is the worth of all goods and services made in a country in a year. PPP is for purchasing power parity. Purchasing power parity means how much money would be needed to buy the same item in two different countries.
GDP per capita, PPP (constant 2011 international $) - Argentina from The World Bank: Data
Taiwan's GDP PPP Per Capita is forecasted to be 55,078.210 PPP Intl $ in Dec 2019 as reported by International Monetary Fund - World Economic Outlook. It records an increase from the last reported number of 53,074.323 PPP Intl $ in Dec 2018. Looking ahead, Taiwan's GDP PPP Per Capita is projected to stand at 67,087.639 PPP Intl $ in Dec 2024. Qatar is the top country by GDP per capita based on PPP in the world. As of 2019, GDP per capita based on PPP in Qatar was 132,886 international dollars. The top 5 countries also includes Macau, Luxembourg, Singapore, and Ireland. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An GDP per capita, PPP (current international $) in Pakistan was reported at 5567 in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Calculating for purchasing power parity allows economists to determine the cost of living in other countries compared to the United States. PPP is a good tool for comparing GDP outputs among nations. It is also used to determine which have large or small economies. GDP per capita, PPP (constant 2011 international $) - Argentina from The World Bank: Data
GDP per capita, PPP (current international $) from The World Bank: Data. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out . GDP per capita growth (annual %) GDP per capita (constant LCU) GDP per capita (constant 2010 US$) GDP per capita (current LCU) This page is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.