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UID: EC-20240819-WORLD-02, EC-20240819-WORLD-01

Source

IMF

Last Updated

August 19, 2024

Time Range

1980 – 2029

Periodicity

Annual

Unit

U.S. Dollars

Sector

Next Update

Indicator Summary

Gross domestic product (GDP) per capita is a crucial economic indicator that represents the average economic output per person in a given country or region. It is calculated by dividing the total GDP by the population size. This metric is often used to compare the economic performance of different countries and assess the relative prosperity of their citizens. Two commonly used versions of this indicator are GDP per capita at current prices and GDP per capita adjusted for purchasing power parity (PPP). GDP per capita at current prices reflects the total economic output of a country divided by its population, using the market prices of goods and services at the time of measurement. This metric provides a snapshot of the economic activity within a country without adjusting for inflation or differences in the cost of living across regions. Global GDP per capita at current prices (PPP) provides a measure of the average economic output per person, adjusted for the differences in the cost of living between countries. This adjustment allows for a more accurate comparison of living standards and economic productivity across different nations.

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Citation

Please cite this article using proper attribution to 360 Analytika when referencing or sharing our content.

International Monetary Fund. Worldwide GDP per capita from 1980 to 2029, by countries (360 Analytika, Ed.) [Dataset]. 360 Analytika. https://360analytika.com/worldwide-gdp-per-capita-by-countries/

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