Per Capita Income Ranking 2020

However this is problematic because gdp per capita is not a measure of personal income.

Per capita income ranking 2020. Updated country income classifications for the world bank s 2020 fiscal year are available here. The imf says only china vietnam and egypt will achieve growth in per capita gdp in the coronavirus hit year of 2020. In 2020 luxembourg would have the highest gdp per capita while burundi would be the poorest economy in nominal and ppp terms. The per capita of the richest economy luxembourg would be 1 001 and 664 of the global average in nominal and ppp methods respectively.

Per capita income by state 2020 on average the everyday american citizen rakes in around 51 000 in a given year. No claims are made regarding the accuracy of gdp per capita ppp information contained here. 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 table below lists countries in the world ranked by gdp at purchasing power parity ppp per capita along with the nominal gdp per capita.

We base this assignment on gross national income gni per capita current us calculated using the atlas method. According to 2013 data from gallup the median household income worldwide is 9 733. All suggestions for corrections of any errors about gdp per capita ppp should be addressed to the cia. 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.

Gdp per capita is often considered an indicator of a country s standard of living. This data is based on self reported data that was gathered between 2006 and 2012. Per capita income is calculated by looking at the annual salaries of people across the nation and then finding the average dollar amount of everyone s income. Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar.

This list contains projected gdp per capita nominal and ppp of top 50 countries economies in current prices of year 2019 and 2020 by imf alongside their world rank compare to world s average gdp growth rate and gdp. The information regarding gdp per capita ppp on this page is re published from the cia world factbook 2020.