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Four UN members (Cuba, Liechtenstein, Monaco and North Korea) do not belong to the IMF hence their economies are not ranked below. Kosovo, despite not being a member of the United Nations, is a member of IMF. Taiwan is not a IMF member but it is still listed in the official IMF indices. Several leading GDP-per-capita (nominal) jurisdictions may ...
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PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. See also: GDP by Country. #. Country. GDP (PPP) per capita (2022) GDP (nominal) per capita (2022) vs. World PPP GDP per capita ($20,645) 1. Luxembourg.
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GDP per capita (current US$) World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Details. Label. 1960 - 2022. Country. Most Recent Year.
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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.. In 2019, the estimated average GDP per capita (PPP) of ...
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Luxembourg's per capita GDP is nearly 415 times the per capita GDP of the world's poorest country, Burundi, at $303. Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000. Ireland's GDP per capita, in particular, has seen a significant increase in recent years ...
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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 ...
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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary ...
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GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. ()World's GDP is $100,562,000,000,000 (nominal, 2022); Sources: World Bank (World Development Indicators, July 25, 2023); United Nations (World Population Prospects 2022).
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GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and ...
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In fact, the richest country today (in terms of nominal GDP per capita), Luxembourg, is over 471x more wealthy than the poorest, Burundi. Here's a look at the 10 countries with the highest GDP per capita in 2021: However, not all citizens in Luxembourg are extremely wealthy. In fact: 29% of people spend over 40% of their income on housing costs.
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