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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.
GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. 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 ...
The annual GDP per capita growth in % according to the World Bank is shown for last available year: [ 1] Country. GDP per capita. growth (annual %) Year. Afghanistan. -8.6. 2022. Albania.
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 ...
This list is not to be confused with the list of countries by real GDP per capita growth, which is the growth rate of GDP per person recalculated according to the changing number of the population of the country. List of countries by GNI per capita growth measures changes in gross national income per capita.
Map of sovereign states in Europe by projected 2024 GDP (PPP) per capita based on international dollars. An interactive map with estimated data for 2024 from the IMF, using GDP based on purchasing power parity (PPP) per capita, shown in current international dollars. [1] A map with estimated data for 2023 from the IMF, using GDP based on ...
The GDP per person data are adjusted for inflation, hence they are "real". GDP per person (more commonly called "per capita" GDP) is the GDP of the entire country divided by the number of people in the country; GDP per person is conceptually analogous to "average income".
Map of sovereign states in Europe by projected 2024 GDP nominal per capita based on USD exchange rate. The map data is for year 2024 using IMF data (WEO April 2024 Edition) GDP nominal per capita - current international dollar. [ 10] >$40,000 $15,000 - $40,000 <$15,000. 8,924.