GDP per capita vs. liberal democracy GDP per capita is adjusted for differences in the cost of living between countries, and for inflation. Liberal democracy based on the expert assessments and index by V-Dem, ranging from 0 to 1 (most democratic). Source: Bolt et al. (2020), OWID based on V-Dem (v12) chart table sources Download. The Gross Domestic Product per capita in Estonia was last recorded at 38207.41 US dollars in 2021, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Estonia, when adjusted by Purchasing Power Parity is equivalent to 215 percent of the world's average. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed. The Advance Estimate for Q2 GDP came in at -0.9% (-0.93% to two decimals), down from -1.6% (1.57% to two decimals) in Q4 2021. With a per-capita adjustment, the headline number is lower at -1.16% to two decimal points. Here is a chart of real GDP per capita growth since 1960.
According to our concept, the GDP per capita is calculated by dividing the Gross Domestic Product by the country’s total population. By using the numbers given in the example described above, the GDP per capita of ABC would be $24,739.21. By comparing this figure with GDPs per capita of countries like Qatar ($145,000) or Luxembourg ($102,900.
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Download the Kuvera app: http://bit.ly/2Xo9JlyInvest in Direct Mutual Funds, Digital gold, Stocks for free on Kuvera.*****. The Gross Domestic Product per capita in Niger was last recorded at 1192.26 US dollars in 2021, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Niger, when adjusted by Purchasing Power Parity is equivalent to 7 percent of the world's average. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed.
GDP per capita is an approximation of the value of goods produced per person in the country. Thus, ‘GDP per capita tells us the income and expenditure of the average person in the economy’ (Principles of economics, 7th, N. Gregory Mankiw, 2001, p. 504) Standard of living. The standard of living is a measure of economic welfare.
The estimated average GDP per capita of all of the world’s countries is Int$18,381 (2019). Luxembourgers have the highest per capita gross domestic product in the world. According to the International Monetary Fund, in 2021, the GDP per capita in Luxembourg amounted to about US$122,740.
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