Search results
Results From The WOW.Com Content Network
This is a list of countries by nominal GDP per capita. 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. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
Nearly 65% of India's population is rural, [99] and contributes about 50% of India's GDP. [100] India faces high unemployment , rising income inequality , and a drop in aggregate demand . [ 101 ] [ 102 ] According to the World Bank , 93% of India's population lived on less than $10 per day, and 99% lived on less than $20 per day in 2021. [ 103 ]
Updated March 1, 2024 at 5:23 AM. ... At 8.4%, India’s economy expanded at its fastest pace in six quarters, data showed late on Thursday, on strong private consumption and upbeat manufacturing ...
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
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.
The World Bank said in 2018 that India could boost its rate of economic growth to 9% per year if around 50% of women were in the work force. (The economy grew by 8.2% in the fiscal year that ended ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).