Gdp per capita ppp

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This is an alphabetical list of countries by past and projected Gross Domestic Product per capita , based on the Purchasing Power Parity PPP methodology, not on official exchange rates. Values are given in International Dollars. Contents move to sidebar hide. Article Talk. Read View source View history. Tools Tools. Download as PDF Printable version.

Gdp per capita ppp

A country's gross domestic product GDP at purchasing power parity PPP per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average or mid-year population for the same year. This is similar to nominal GDP per capita, but adjusted for the cost of living in each country. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. Comparisons of national wealth are frequently made on the basis of nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates , which may distort the real differences in income. This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income. See Standard of living and GDP. All figures are in current international dollars , and rounded to the nearest whole number. The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by any of the sources. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 percent of GDP. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e. However, it is increasingly being recognized that tax havens , or corporate tax havens , have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. These investments in empty corporate shells almost always pass through well-known tax havens. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world's investment in special purpose entities, which are often set up for tax reasons.

United Kingdom. Spain Factory Activity Returns to Expansion.

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The data given on this page are based on the international dollar , a standardized unit used by economists. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. The first set of data on the left columns of the table includes estimates for the year made for each economy of the economies U. The data is in millions of international dollars and was calculated and published by the IMF in October The second table includes data, mostly for the year , for of the current United Nations member states as well as Hong Kong and Macau the two Chinese Special Administrative Regions.

Gdp per capita ppp

Much of the economic data we use to understand the world — for instance on the goods and services bought or produced by households, firms and governments, or the incomes they receive — is initially recorded in terms of the units in which these transactions took place. That means this data starts out being expressed in a variety of local currencies — as so many rupees, US dollars, or yuan, etc. Before these figures can be meaningfully compared, they need to be converted into common units. International dollars int.

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See also: List of countries by average wage. These investments in empty corporate shells almost always pass through well-known tax havens. In , Ireland's economic data became so distorted by U. Lists of countries by GDP rankings. Puerto Rico. Retrieved 10 April GDP from Transport. Dominican Republic. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e. Report for Selected Countries and Subjects: Syria". Georgia Consumer Prices Rise 0. El Salvador. Summary Stats Forecast Download. Read View source View history.

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Spain Factory Activity Returns to Expansion. We Are Hiring. Tax rates Inheritance tax Tax revenue Wage average median minimum. It also excludes non-sovereign tax havens for example, Delaware or Labuan. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world's investment in special purpose entities, which are often set up for tax reasons. North Macedonia. Journal of Public Economics. Bosnia and Herzegovina. This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income. Retrieved 19 October Ireland has, more or less, stopped using GDP to measure its own economy. Read View source View history. San Marino. Retrieved 17 November