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This measures the average production of a person in the country. Lists of GDP per capita: List of countries by GDP (nominal) per capita; List of countries by GDP (PPP) per capita; The major advantage of GDP per capita as an indicator of the standard of living is that it is measured frequently, widely, and consistently.
NDP: Net domestic product is defined as "gross domestic product (GDP) minus depreciation of capital", [6] similar to NNP. GDP per capita: Gross domestic product per capita is the average market value rendered per person. GNI per capita: Gross national income per capita is related to average income per person and mean income.
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.
This is similar to nominal GDP per capita but adjusted for the cost of living in each country. In 2023, the estimated average GDP per capita (PPP) of all of the countries was Int$22,452. [a] For rankings regarding wealth, see list of countries by wealth per adult.
GDP density refers to the distribution or intensity of Gross Domestic Product (GDP) within a particular area or population. GDP density could be interpreted as a measure of economic activity or output relative to the size of a region or population, often expressed as GDP per capita or GDP per unit of area.
Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.
GDP per capita PPP vs 20:20 ratio in countries. ... Online calculator: ... Theil-L is an income-distribution's dis-entropy per person, measured with respect to ...