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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.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates. Values are given in International Dollars .
This article includes two lists of Organisation for Economic Co-operation and Development (OECD) member states sorted by their gross domestic product per capita, the value of all final goods and services produced within a nation in a given year, converted to U.S. dollars, divided by the average (or mid-year) population for the same year.
Note: The figures for the dependent territories are slightly outdated (e.g. the GDP per capita figure for the Cayman Islands is from 2004), therefore they may not be easily compared with more recent figures for sovereign states. Pie chart showing member countries by share of GDP (PPP) within the Commonwealth in 2018.
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 economy of the United States surpassed the British Empire's output around 1916, [ 6 ] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades ...
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 an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [ 1 ]