To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. This article includes a list of countries of the world sorted by their Gross National Income (GNI) per capita at purchasing power parity (PPP). Such fluctuations may change a continents ranking from one year to the next, and it also requires more estimation than GDP per capita. Such calculations are prepared by various organizations, including the IMF and the World Bank. GDP per Capita Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. 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. A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. An effect that also cannot be explained by different economic structures, sector composition or other factors. 55, NO. Ireland gdp per capita for 2018 was $79,108, a 13.38% increase from 2017. Authoritarian states had consistently higher reported growth in GDP than their growth in night lights would suggest. Countries by GNI (PPP) per capita in 2020. GDP per capita This page provides values for GDP per capita PPP reported in several countries. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. According to the study, this mainly applied to countries that were governed semi Small Arms Survey 2017. 2", "A study of lights at night suggests dictators lie about economic growth", "How Much Should We Trust the Dictator's GDP Growth Estimates? South Korea GDP Per Capita 1960 ", "How tax havens turn economic statistics into nonsense", "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. Please check your download folder. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions (e.g. Germany gdp per capita for 2019 was $46,795, a 2.46% decline from 2018. GDP Per Capita Ireland GDP Per Capita 1960 Canada gdp per capita for 2018 was $46,549, a 3.14% increase from 2017. This site uses cookies to optimize functionality and give you the best possible experience. Mexico gdp per capita for 2021 was $9,926, a 17.73% increase from 2020. Incorrect growth statistics can also falsify indicators such as GDP or GDP per capita. These investments in empty corporate shells almost always pass through well-known tax havens. South Korea gdp per capita for 2020 was $31,598, a 0.96% decline from 2019. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. License : CC BY-4.0 List of countries by GDP South Korea gdp per capita for 2019 was $31,902, a 4.59% decline from 2018. This is why GDP (PPP) per capita is often considered one of the indicators of a country's standard of living,[3][4] although this can be problematic because GDP per capita is not a measure of personal income. Military Spending by Country by World Population Review 2022 (GDP from Worldometers by World Bank 2017) Country Military Spending (US$ bn) Population Military spending per capita (US $) GDP (US$ bn) % of GDP Afghanistan: 12.00 40,754,388 294.45 19.54 61.40 Albania: 0.25 2,866,374 87.22 13.04 1.92 Algeria: 13.00 45,350,148 286.66 167.56 7.76 If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. (See List of countries by GDP (PPP) per capita.) Economy of the European Union The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. For rankings regarding wealth, see list of countries by wealth per adult. GDP per Capita Calculator GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. GDP per capita, PPP (current international China gdp per capita for 2020 was $10,409, a 2.61% increase from 2019. The year-on-year change in GDP was 1.8%,,there is no change since last quarter. The country is considered one of South America's most prosperous nations, leading the region in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. Canada gdp per capita for 2020 was $43,258, a 6.63% decline from 2019. Vietnam gdp per capita for 2019 was $3,425, a 6.01% increase from 2018. ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. In addition, non-sovereign entities are marked in italics. List of countries by GDP (PPP) per capita places rich in Oil & Gas reserves tend to have high GDP-per-capita figures). On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Global spending on R&D has reached a record high of almost US$ 1.7 trillion. Data are in current U.S. dollars. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. of countries by military expenditures [17], There are many natural economic reasons for GDP-per-capita to vary between jurisdictions (e.g. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. List of countries by GNI (PPP) per capita 2015 Irish GDP is 143% of 2015 Irish GNI*. A stunning $12 trillionalmost 40 percent of all foreign direct investment positions globallyis completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article. GDP (PPP) per capita is given in international dollars.. GDP per capita is a measure of country's gross domestic product by person. These investments in empty corporate shells almost always pass through well-known tax havens. Pakistan GDP Per Capita [12] Germany gdp per capita for 2021 was $50,802, a 9.84% increase from 2020. GDP (PPP) and GDP (PPP) per capita are usually measured by international dollar, which is a hypothetical currency that has the same purchasing power in every economy as the U.S. dollar in the United States. This page was last edited on 4 March 2022, at 14:43 (UTC). GDP World gdp per capita for 2018 was $11,366, a 4.99% increase from 2017. An effect that also cannot be explained by different economic structures, sector composition or other factors. Bangladesh gdp per capita for 2020 was $2,270, a 5.39% increase from 2019. This is a list of countries by estimated number of privately owned guns per 100 persons. A stunning $12 trillionalmost 40 percent of all foreign direct investment positions globallyis completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. In 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. GDP per capita is gross domestic product divided by midyear population. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Data are in current U.S. dollars. In 2017, Ireland's economic data became so distorted by U.S. multinational tax avoidance strategies (see leprechaun economics), also known as BEPS actions, that Ireland effectively abandoned GDP (and GNP) statistics as credible measures of its economy, and created a replacement statistic called modified gross national income (or GNI*). Please check your download folder. The Economy of Chile is a market economy and high-income economy as ranked by the World Bank. Ranking by country for civilian-held firearms per 100 population. Pakistan gdp per capita for 2019 was $1,482, a 11.69% decline from 2018. 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