Gdp growth per capita remained negative, and poverty incidence was estimated at 82. Gdp per capita is often considered an indicator of a countrys standard of living. Gdp per capita is gross domestic product divided by midyear population. This page lists the countries of the world sorted by their gross domestic product per capita. Indonesia rises from 9th in 2014 to 4th in 2050, and nigeria rises from 20th in 2014 to 9th in 2050. List of countries by gdp nominal per capita wikipedia. Gdp growth, inflation, unemployment, government debt, current account balance a purchasing power parity ppp between two countries, a and b, is the ratio of the number of units of country as currency needed to. Top 10 country gdp per capita ranking history 19622017 duration.
Nov 21, 2019 the statistic shows gross domestic product gdp per capita in the philippines from 1984 to 2017, with projections up until 2024. To smooth the yearbyyear fluctuations of the per countries. The paper studies the impact of corruption on the gdp per capita. Gdp and spending gross domestic product gdp oecd data. The findings revealed that there is a strong positive relationship between the fdi inflows and the gdp per capita for the studied period which covers 2008 to 2012, thus a positive effect on the economic growth. Regional gdp per capita by eu member state in 20 in pps, eu28 100 capital region national average the bar shows for each member state the range from the region with the lowest value to that with the highest value. Gross national income per capita 2018, atlas method and ppp. International comparisons of gdp per capita and per hour, 19602011. Gdp per capita ranking 2015 data and charts ministry of.
Measured annually, quarterly, or monthly, trends in gdp for a single country or comparisons among peer countries are often called out in popular press, sometimes with alarmist tones that can make one wonder why or how this single data point has taken. The bars in the figure show the responses weighted according to their rankings. Taiwan province of china would climb past iceland and saudi arabia. Sep, 2012 real gdp per capita and the standard of living duration. As the graph below shows, over the past 58 years this indicator reached a maximum value of 381,544 in 2018 and a minimum value of 2,314 in 1960. Changes to the april 2012 database as in the september 2011 world economic outlook, fiscal and external debt data for libya are excluded for 2011 and later due to the uncertain political situation. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators.
No claims are made regarding theaccuracy of gdp per capita ppp 2014 information contained here. The gross domestic product gdp per capita figures on this page are derived from ppp. Expenditures per fulltimeequivalent fte student for elementary and secondary education in selected organization for economic cooperation and development oecd countries, by gross domestic product gdp per capita. Aug 30, 2019 per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. Gdp is the total value of all goods and services produced in a. Although data showed an upward trend in consumer spending since 1974. Gdp per capita ppp compares 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. Sep 20, 2012 predictive power of dynamical ranking approach. Table 11 sensitivity analysis on average gdp growth, 20122025 and 20252050 annual %. Changes in any of the three can affect an economys relative size and, therefore, its ra.
The statistic shows gross domestic product gdp per capita in the asean countries from 2008 to 2016, with projections up until 2018. The leading regions in the ranking of regional gdp per capita in 20, after inner london in the united kingdom. Gdp is the single most commonly referenced figure to cover the entirety of a national economy and the trajectory it is on in a single statistic. Gdp ppp per capita intl, 19902012 stage of developmentrank core out of 148 17 note.
This improvement is on account of increase in gdp to usd. Documentation for gdp per capita by purchasing power parities. Such fluctuations change a countrys ranking from one year to the next, even though they often make little or no difference to. The data on gdp by country from the world bank presented on this page covers the period for the last half of the century. World bank national accounts data, and oecd national accounts data files. Looking at the gdp figures from a historic perspective allows an understanding of what phase is the economy of a country at the moment. The first step is to find gdp per capita data for the benchmark year 2005, using the ppp of 2005. Its the most populous country in the world, with 1. The cias mission includes collecting and analyzing information about high priority national security issues such as international terrorism, the proliferation of weapons of mass destruction, cyber attacks, international organized crime and narcotics trafficking, regional conflicts. Substantial crosseuropean differences in gdp per capita. The information regarding gdp per capita ppp 2012 on this page is republished.
The gross domestic product per capita in ethiopia was last recorded at 570. All suggestions for corrections of any errors about gdp per capita ppp 2012 should be addressed to the cia. The competitiveness versus the wealth of a country. The economic wellbeing of a countrys citizens can be measured as a countrys gdp per one inhabitant, known as gdp per capita which is usually used as an indicator of the quality of life. Singapore had one of the highest levels of gdp per capita.
It correlates well, especially in terms of rankings, with a number of accepted indicators of development outcomes. The top 5 countries also includes switzerland, macau, norway, and ireland. Turkmenistan and egypt would be other top gainers in ranking. Changes in any of the three can affect an economys relative size.
Total per 1 000 inhabitants 1993 2012 brazil red total per 1 000 inhabitants 2017. The gdp per capita listed represents the amount of wealth produced in 2016 and is expressed in international dollars. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current u. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces. Food insecurity is alarming, with 56 per cent of children under 5 stunted across the country. The information regarding gdp per capita ppp 2014 on this page is republished from the cia world factbook 2014. All suggestions for corrections of any errors about gdp per capita ppp 2014 should be addressed to the cia. Ranking of 30 richest countries looking at gdp per capita. Figure 1 shows the growth of mexicos gdp per capita for 1960 to 1980, 1980 to 2000, and 2000 to 2012. Luxembourg is the top country by gdp per capita in the world. Estimates of current health expenditures include healthcare goods and services consumed during each year. For example, hartford, with the highest gdp per capita of all 300 metropolitan areas covered by brookings has an urban area density 1,800 per square mile or 7000 per square kilometer similar to that of atlanta, the least dense urban area in the world with more than 2 million population. Gdp per hour worked was lowest in the republic of korea and the czech republic.
This page provides the latest reported value for ethiopia. Gross domestic product gdp is the standard measure of the value added created through the production of goods and services in a country during a certain period. Pdf correlating corruption and gdp per capita growth. No claims are made regarding theaccuracy of gdp per capita ppp 2012 information contained here. Gross national income per capita 2018, atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 66 romania 11,290 66 bulgaria 22,300 67 malaysia 10,590 67 uruguay 21,940 68 turkey 10,420 68 libya 21,340 69 russian federation 10,230 d 69 iran, islamic rep. Per capita gdp growth for the philippines is expected at 4. Brief study explaining and testing the causal relationship between corruption and gdp per capita growth. Feb 20, 2020 in ppp ranking, margin between macao sar 2nd and luxembourg 3rd would be decline to int. All africa antarctica australia oceania central america central asia east asiasoutheast asia europe middle east north america oceans south america south asia. Historical gdp by country statistics from the world bank. Figure 1 ppp gdp per capita and real exchange rate in. The table below shows the thai gdp per capita in comparison with other east and southeast asian economies. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican republic 85,555 eth 68 ethiopia 84,356 omn 69 oman 79,277.
In 2012, the value of per capita household expenditure or consumer spending across india amounted to nearly 574 u. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any. The information regarding gdp per capita ppp 2012 on this page is republished from the cia world factbook 2012. Correlating corruption and gdp per capita growth 2012 2015.
This is a list of cities andor their metropolitan areas in the world by gdp per capita, a ranking of subnational entities from members of the organisation for economic cooperation and development oecd by gross domestic product at purchasing power parity prices per capita. The middleincome group, however, currently capita gnp numbers used for both the world bank atlas includes countries whose debt, trade, and social indicators and operational purposes, conversion into u. Current expenditures on health per capita in current us dollars. The future of the world bank used gross national product gnp per capita to classify. International comparisons of gdp per capita and per hour. Estimation of a countrys gross domestic product shows the size of its economy but does not show how wealthy on average are individuals of that country. This growth did not just benefit the upper classes. Gross national income per capita 2018, atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 1 switzerland 84,410 1 qatar 124,410 2 norway 80,610 2 macao sar, china 1,800 3 macao sar, china 79,110 3 singapore 94,670 4 isle of man 75,340 4 kuwait 84,250. Gross domestic product gdp, us dollars capita, 2018. European parliament, policy department economic and scientific policy. The rise of indonesia and nigeria through the world rankings throughout the period to 2050 is very striking. As of 2018, gdp per capita in luxembourg was 115,536 us dollars. Here are the gdp per capita rankings of the world top10 economies based on gdp along with their gdp per capita during 2019.
For rankings regarding wealth, see list of countries by wealth per adult. In ppp ranking, margin between macao sar 2nd and luxembourg 3rd would be decline to int. Nov 24, 2015 world gdp ranking 2015 data and charts, gdp by country, 19802015, cpi by country statistics, africa. Gdp per capita ppp 2014 country comparisons, ranks, by rank. On average, vermonts annual growth in real gdp per capita was 0. The world banks classification of countries by income. Two thousand years of economic statistics, years 1 2012. While gross domestic product per capita is especially. Gross domestic product gdp, us dollars capita, 2019 real gdp forecast, annual growth rate %, 2021. The relationship between foreign direct investmentfdi. Philippines gross domestic product gdp per capita 2024. In 2011, norway and ireland had the highest gdp per hour worked followed by the united states. Gdp per capita across the eu varied by six to one in 2011.
While the income classification itself is not used for operational decisionmaking by the world bank and by itself has no formal official significance, it uses the same methods to calculate gni per capita and adjust the thresholds that are used in the operational guidelines. This page lists the countries of the world sorted by their gross domestic product per capita at. Luxembourg is followed by switzerland, macao, norway, and ireland. Scotlands international gdp per capita ranking march 2016.
Indias rank has improved by one spot as compared to previous years rank. Us gross domestic product in current and inflation adjusted dollars and gdp per capita in constant 2012 dollars, 1789 to 2012 nominal gdp billions of dollars real gdp billions of 2012 dollars real gdp per capita 2012 dollars. Gdp per capita current lcu the value for gdp per capita current lcu in hong kong sar, china was 381,544 as of 2018. The paper finds that per capita gni continues to be a readily available and reasonable measure for the purpose of classifying countries for analytical purposes. From the list of factors above, respondents were asked to select the five most problematic for doing business in their country and to rank them between 1 most problematic and. As a result, from 2007 to 2012 the average gdp growth rate was 3. A panel data covers the period between 2003 and 2011. World gdp ranking 2015 data and charts ministry of. In june 2019, the monetary policy committee forecasted a gdp growth of 3. Gdp is the single most commonly referenced figure to cover the entirety of a national economy and its trajectory in a single statistic. The gdp per capita in ethiopia is equivalent to 5 percent of the worlds average.
This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Gross national income per capita 2018, atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 1 kiribati 3,140 1 lao pdr 7,090 2 vanuatu 3, 2 timorleste 7,010 b 3 morocco 3,090 f 3 vietnam 6,930 4 bhutan 3,080 4 tonga 6,520 b 5 moldova 2,980 g 5. Icp common numdraire, converted to a country rankings are dependent on various methodologiwhile recognizing that the nearterm cal choices. Per 1 000 inhabitants 2012 brazil per 1 000 inhabitants. R 0 its wealth quantified by its per capita gdp gdp rank within a 10year period. Per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. According to world bank, france has unfortunately experienced high unemployment rates in recent years. The objective is to test the hypothesis that there is a strong negative. Substantial crosseuropean differences in gdp per capita europa. The united states, which ranks 3rd after luxembourg and switzerland in terms of per capita gdp, has a substantial economic advantage over many other oecd countries because of the amount of money it has available to spend on education. Table 1 illustrates the gdp per capita results for the latest year. As such, it also measures the income earned from that production, or the total amount spent on final goods and services less imports.
Rank country gdp per capita ppp date of information. Ethiopia gdp per capita 19812018 data 20192020 forecast. Key indicators, 2012 gdp ppp per capita intl, 19902012. Gross domestic product gdp is the standard measure of the value added created. Gdp per capita of a country is computed by dividing its gross domestic product gdp by the number of people in the country. In theoretical terms, higher gdp per capita results in to a higher standard of living. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available.
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