Income Per Capita Countries

Online tool for visualization and analysis.

Income per capita countries. Gdp per capita is often considered an indicator of a country s standard of living. Lucia russia grenada and mauritius from the elite 10000 per capita gdp club in 2020 there would be a total of 65 economies in this list. The table below lists countries in the world ranked by gdp at purchasing power parity ppp per capita along with the nominal gdp per capita. For rankings regarding wealth see list of countries by wealth per adult method.

In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. This data is based on self reported data that was gathered between 2006 and 2012. 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. The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries.

Out of 193 economies gdp nominal per capita of the 29 economies would increase and 164 economies would decrease in 2020 compared to 2019. The classifications are updated each year on july 1 and are based on gni per capita in current usd using the atlas method exchange rates of the previous year i e. The average income is calculated by gross national income and population. On dividing all annual incomes and profits by the amount of the countrie s population it will show the average income per capita.

As of 2019 the estimated average gdp per capita ppp of all of the countries of the world is int 18 381. However this is problematic because gdp per capita is not a measure of personal income. According to 2013 data from gallup the median household income worldwide is 9 733. With the exit of st.

The gross national income gni is the sum of the value added by all the goods and services produced within a determined country including foreign investment to which are added any product taxes excluding subsidies and the value earned by the nation. Learn how the world bank group is helping countries with covid 19 coronavirus. 2019 in this case. The countries with the highest median incomes are.

Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar. Comparisons of national income are also frequently made on the basis of purchasing power parity ppp to adjust for differences in the cost of living in different countries. Although this can be problematic because gdp per capita is not a measure of personal income.