Income Per Capita By Country World Bank

In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd.

Income per capita by country world bank. Low and middle income countries containing 5 74 billion population have average per capita income equal to 6 376 ppp in 2012 as against average per capita income of 37 760 ppp of high income developed countries having total population of 1 30 billion in 2012. Gdp per capita ppp current international gdp per capita current lcu gdp per capita ppp constant 2017 international inflation gdp deflator annual oil rents of gdp. The gni per capita is the dollar value of a country s final income in a year divided by its population. It should be reflecting the average before tax income of a country s citizens.

Knowing a country s gni per capita is a good first step toward understanding the country s economic strengths and needs as well as the general standard of living enjoyed by the average citizen. 2019 in this case. Updated country income classifications for the world bank s 2020 fiscal year are available here. The smallest budget per capita exists in the democratic republic of the congo.

Gross national income per capita 2019 atlas method and ppp purchasing atlas power parity methodology international ranking economy us dollars ranking economy dollars 125 west bank and gaza 3 710 125 lao pdr 7 960 126 cabo verde 3 630 126 eswatini 7 940. We base this assignment on gross national income gni per capita current us calculated using the atlas method. The average income is calculated by gross national income and population. On july 1 every year the world bank classifies the countries based on gni gross national income per capita in the us dollars.

It will be seen from table 3 3 that developing countries i e. Average income around the world the worldwide highest income is earned in monaco. The world bank classifies the world s economies into four income groups high upper middle lower middle and low. The method used for calculation is known as the atlas method.

The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. Adjusted net national income per capita current us world bank staff estimates based on sources and methods in world bank s the changing wealth of nations.