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Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure a country's standard of living. When used to compare income levels of different countries, it is usually expressed using a commonly used international currency, such as the euro or ...
All values, unless otherwise stated, are in US dollars. The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th ...
On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts ...
However, despite the aggressive borrowing and spending policies, the Philippines lagged behind its Southeast Asia counterparts in GDP growth rate per capita. The country, in 1970–1980, only registered an average 5.73 percent growth, while its counterparts like Thailand, Malaysia, Singapore, and Indonesia garnered a mean growth of 7.97 percent ...
Gross domestic product ( GDP) is a monetary measure of the market value [ 2] of all the final goods and services produced and rendered in a specific time period by a country [ 3] or countries. [ 4][ 5][ 6] GDP is often used to measure the economic health of a country or region. [ 3] Definitions of GDP are maintained by several national and ...
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.
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the October 2023 World Economic Outlook database.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [ 5 ] The rankings of national economies over time have changed considerably; the United States surpassed the British Empire 's output around 1916, [ 6 ] which in turn had surpassed the Qing dynasty in aggregate output decades earlier.