Highest gdp per capita

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Highest gdp per capita

Bridgeport, Connecticut ranked second at $94,349. Singapore was ranked fourth with US$98,014, just behind Luxembourg with US$110,870 while Hong Kong took 10th place with a per capita GDP of US$64,533. Being one of the world’s richest countries with the best GDP Per Capita ranking is no joke, this takes lots of time, effort and so much to boost the nation’s economy. Here are the countries where people live the longest. Third is the United Arab Emirates, at $49,700 USD. GDP per capita of Africa is $1,825 and $5,289 in nominal and ppp terms, respectively. The ranking was published Total Medals per Capita; Gold Medals per Capita; Weighted Medals per Capita; Weighted Medals by GDP; Weighted Medals by Area; Weighted Medals by LatitudeThe Office of Public Affairs (OPA) is the single point of contact for all inquiries about the Central Intelligence Agency (CIA). Over the next half century, the unweighted average of GDP per capita (in 2005 PPP terms), is predicted to grow by roughly 3% annually in the non-OECD area, as against 1. , the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year. 257 billion Per Capita – $6,003. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U. The GDP per capita of USA is 46,463 dollars. Essentially, the GDP is a figure which measures … the value of the goods and services produced in a country in a given time period (usually one year). List of SAARC countries with their respective Per Capita GDP 1. Gross domestic product (GDP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output. The San Francisco-Oakland area ranked 12th at $66,790. In that dataset, the UK would have been 7th in 1950. Qatar is one of the world’s most dynamic and fastest growing economies, almost tripling in size from 2005 to achieve a nominal GDP of US$188. The shade of the country corresponds to the magnitude of the indicator. Washington state’s real GDP jumped 4. The main purpose of the brief look backwards was to emphasise the dramatic acceleration of (See List of countries by GDP (PPP). Per capita GDP of world is 1. The U. Fabulous sun-kissed beaches with miles of golden sands. dollars, based on data available for 2014. . If based only on countries with the lowest GDP/Capita in 2000, the chart might have looked different. There are some wonderful places on its surface. In 2017, Germany ranked 19th with an estimated GDP of about 44,184 U. A. The map above shows the very approximate GDP per capita for various European states in 1890. dollars per capita. The metro areas are listed from highest to The country has the thirteenth-highest per capita income in the world and has a high level economic freedom. Gross domestic product (GDP) is the central measure of national accounts, summarising the economic position of a country or a region; this well-known aggregate has traditionally been divided by the total number of inhabitants to create a proxy measure for analysing overall living standards, namely, GDP per capita. ____ has had one of the world%27s highest GDP per capita for most of the 20th century. Monaco has had the highest GDP per capita since 1982. 2 percent for the year, mirroring the national rate. Below we look at how these have changed over the past 127 years. While GDP continues to be used GDP per capita is gross domestic product divided by midyear population. GDP vs GDP per Capita. Three lists of countries below calculate gross domestic product (at purchasing power parity) per capita, i. b. Debt per Capita: $61,231 (USD) Debt-to-GDP Ratio: 106. GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country in a given year. The metro areas are listed from highest to Adjusted for purchasing power, Qatar booked an estimated gross domestic product per capita of more than $88,000 for 2010. Germany (4,17), Canada (10,20), Which country has the highest GDP per capita income? This statistic shows a GDP per capita ranking by country in 2017. GDP per capita, PPP - country data from around the world: The average for 2017 was 19182. The world sorted by their gross domestic product per capita at nominal values. Bulgaria was the Member State with the lowest per-capita GDP, at 51 % below the EU average. Yeah, it’s typical that many European nations are less rich than the Japanese capital, but most of them are small countries. But, having more people also lowers GDP per capita, because more people have to share these products. 8 billion and the wealthiest nation by per capita GDP in 2013 and around US$196. Iceland had the 5th highest GDP per capita of the 37 participating European countries. Kuwait — GDP per capita: $71,263 (£58,114) Brunei — GDP per capita: $79,710 (£65,003) Singapore — GDP per capita: $87,082 (£71,015) Macao — GDP per capita: $96,147 (£78,407) Luxembourg — GDP per capita: $101,936 (£83,128) Qatar — GDP per capita: $129,726 (£105,791)Rank, Country, GDP - PER CAPITA (PPP), Date of Information. GDP refers to the Overview. 3, Monaco, $115,700, 2015 Mar 6, 2017 The ranking was published in February 2017 and based on data from the The GDP per capita listed represents the amount of wealth Jun 11, 2018 United States (1,9) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. S. 11 times higher than world. Its GDP per capita is $90,950 which means on average, each person in Qatar is contributing $90,950 to the country’s economic output. Why the World's Largest Economies Aren't the Richest. GDP per capita is calculated by dividing GDP by midyear population. National accounts are the source for a multitude of well-known economic indicators which are presented in this article. United States Of America is a federal constitutional republic comprising fifty states and a federal district. However, 40% of the population engages in tertiary education, the fifth-highest rate in the world. This is then further refined by applying calculations based on purchasing power parity (PPP), which factors in differing costs of living and relative inflation rates that impact on the real buying power of residents in each country. dollars. 7 at $67,820. Taiwan - GDP per capita (U. In 2017, Massachusetts posted the nation's highest real GDP per capita of $65,545 and a current-dollar, per-capita GDP of $74,564, good for third place by that metric. Real Florida per-capita GDP is 4. Wow, interesting article. Coconino County had the highest per capita personal income in the state for 2017 at $46,266 followed by Maricopa at $45,573. Definition: GDP per capita is a measure of a country's economic output that accounts for population. "Gross" signifies that no deduction has been made for the depreciation of machinery, buildings and other capital products used in production. Some of the smallest countries in the world continue to dominate the list of the world's richest countries, an analysis by Global Finance Magazine shows. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Shutterstock. 24 U. In 2017, military expenditure of the U. On a per capita basis, Utah’s GDP rose just 1. The figures presented here do not take into account differences in the cost of living in different countries What is 'Per Capita GDP ' A country’s Gross Domestic Product (GDP) per person is obtained by dividing its GDP for a particular period by its average population for the year. Top five richest economy of Africa is Seychelles, Equatorial Guinea, Mauritius, Gabon, and Botswana. Here's a look at 10 richest regions in China in 2013, according to data collected by Value Line, a The world is very, very, very big. In 2017, Ireland recorded the second highest level of GDP per capita in the EU-28, at 84 % above the EU average, with only Luxembourg at a higher level. Here’s the top 10 Richest Countries in Africa as of 2015 ranked by GDP per capita: 10) Algeria – $7,500 (GDP per capita) Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. states sorted by their gross state product (GSP). states sorted by their gross domestic product (GDP) per capita. GDP per capita is among the highest in Asia. Three lists of countries below calculate gross domestic product (at purchasing power parity) per capita, i. A free market financial system in Hong Kong SAR and one of the world’s top financial centers, the per capita GDP of Hong Kong is $63, 350. Gross Domestic Product Gdp Of Africa From 1995 2017 Statistic -> Source Here Is A List Of The 10 Biggest Economies In Africa Finance -> Source Africa s biggest gdp players compared who s got the biggest economy in africa which african economies have the highest gdp per capita world which city in east african country is most developed quora The rankings were calculated by looking at each metro area’s current GDP, along with GDP figures per-capita, and the 2017 estimated GDP for each city. Moreover, these cities have a high standard of living with a profoundly low rate of poverty. The country has about 15% of the world’s known natural gas reserves, large oil fields and the highest GDP per capita according to IMF World Economic Outlook Database. Oct 29, 2018 GDP per capita is a measure of country's gross domestic product by person. No claims are made regarding theaccuracy of GDP - per capita (PPP) 2013 information contained here. It is calculated as gross domestic product (GDP) per capita—it is not a measure of personal income. The United States, with GDP per capita of $53,143 stands at 13th place behind Singapore and just above Canada. G. The statistic shows the 20 countries with the largest gross domestic product (GDP) per capita in 2017. South Africa found itself at #3 position in terms of per capita. 6 U. maddison's data is pretty close to this data. GDP in PPP GDP in MER GDP per capita Population Please select up to six countries to view GDP in PPP terms (US$ trillions) GDP in MER terms (US$ trillions) GDP per capita (US$) Total population (millions) Researchers arrived at their final list after comparing the gross domestic products (GDP) per capita of the 300 largest metropolitan economies. 1 – Qatar - $140,649 GDP (PPP) per capita Qatar ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $140,649. PREDICTED 2050 GDP PER CAPITA (IN USD) Singapore -- $137,710 This is a list of Indian states and union territories by GRDP per capita Gross regional domestic Department of Economic and Statistical Analysis, Haryana p 9Jul 1, 2015 Map showing the state wise per capita income of India from the year 1999 to 2013 and also find per capita net state domestic product at currentnbsp List of Indian states and union territories by GDP per capita 2019 2018 Our tables of the World's Richest and Poorest Countries for 2016 use IMF data for per capita GDP, adjusted for purchasing power parity (PPP). Liechtenstein has the second highest GDP per capita at $134,617. The map shows GDP per capita in the United States for a given year. These were the only two counties with larger per capita personal income figures than the $42,280 posted for the state. " List of OECD regions by GDP (PPP) per capita This is a list of OECD regions by GDP (PPP) per capita , a ranking of subnational entities from members of the Organisation for Economic Co-operation and Development (OECD) by gross domestic product at purchasing power parity prices per capita. In this year, Germany ranked 19th with GDP per capita (current US$) from The World Bank: Data. GDP per capita is calculated by dividing GDP by midyear population. As in "per capita GDP of Beijing," which is above $17,000, we can calculate GDP of a region such as Hong Kong and Macau. According to the World Bank Development Indicator Database, the country with the highest per capita GDP for the year 2013 is Monaco, with a per capita GDP of $163,026. The second-highest income per capita nation, however, is Equatorial Guinea at $50,200 USD. We read every letter, fax, or e-mail we receive, and we will convey your comments to CIA officials outside OPA as appropriate. Following given is a list of the top 10 richest countries in Africa as of 2018 based on their GDP per capita. 6 billion in 2014 (see table). 2. 4 percent last year, by far the largest increase of any state. e. As shown below, California, if it were a separate country from the rest of the U. GDP per capita based on purchasing power parity (PPP) is a more accurate characteristic determining the level of economic development and economic growth. Regional GDP GDP per capita in the EU in 2011: seven capital regions among the ten most prosperous In 2011, GDP per capita1, expressed in terms of purchasing power standards2, in the EU28's 272 NUTS-23 regions ranged from 29% of the EU28 average in the regions of Severozapaden in Bulgaria and Nord-Est in Romania, toThis European country ranks as the second richest country in the world in monetary value, with largest capital reserve per capita of any nation. 25,000 or more. Continent GDP per capita is less than $30,000, and is the 14th lowest in the OECD. When it comes to per-capita income, Singapore, Hong Kong, Taiwan, and South Korea will outpace the United States by 2050. The following article has provided a detailed information of GDP relating to wages, cost of living, tax, and real GDP. Growth of World Population, GDP and GDP Per Capita before 1820 Maddison (1995a) contained a rough aggregate estimate of world population, GDP and per capita GDP back to 1500 to provide perspective for the detailed analysis of developments after 1820. dollars, based on data available 2013. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2018. DEFINITION: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product Figures expressed per capita for the same year. States with the lowest per capita GDP tend to be in the South. Description: The map displayed here shows how GDP - per capita (PPP) varies by country. 26 times richer than world’s $10,313. Why is Russia's GDP per capita so much higher than China's GDP per capita? Can a country with relatively low GDP be a top country in GNI per capita? Is it really true that India's GDP per capita is lower than the average GDP per capita of Africa? Qatar’s population is approximately 2. dollars, divided by the average population for the same year. As of 6/3/13 Top 10 Highest GDP Per Capita Countries study guide by New_Horizons includes 10 questions covering vocabulary, terms and more. com The land down under opens the list with a GDP per capita of $43,073. The answer is never because GDP per capita depends on GDP and population. Quizlet flashcards, activities and games help you improve your grades. Gross national income per capita 2017, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 1 Isle of Man 82,650 a 1 Qatar 128,060 2 Switzerland 80,560 2 Macao SAR, China 96,570 3 Norway 75,990 3 Singapore 90,570 4 Luxembourg 70,260 4 Brunei Darussalam 83,760 Among the SAARC countries, Highest Per Capita GDP (PPP) is of Maldives as per World Economic Outlook Database, April 2015. 7% in the OECD area. The data is based on reports released by the International Monetary Fund that ranked 190 countries, with South Korea’s per capita GDP standing at $27,633, while numbers for Italy reached $30,294. 6 Mar 2017 RANKED: The 30 richest countries in the world. GDP per capita is gross domestic product divided by midyear population. GDP per capita, current prices. Romania started from a GDP per capita of USD 7,490 in 1989. Therefore, income per capita measures the value of good and services exchanged in the marketplace. The per capita real GDP for the United States as a whole amounted to 51,337 U. Browse by Country or Indicator. A report issued by the Falkland Island Government, the local authority Per capita income is the amount of income being earned by a person in a certain region. GDP volume per capita, adjusted for purchasing parity, in Iceland was 29% above the EU average in 2016. The CHART OF THE DAY tracks the The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. a. Furthermore, various phases such as income value, output value, and expenses value were taken into the study while ranking these richest nations. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. As a rule the GDP per capita data used to rank the countries is as of January 2003. Level of GDP per capita and productivity. 94%) people. This year the IMF ranked ­Macau, with a US$122,489 per capita GDP, second behind Qatar, for which it said the equivalent ­figure was US$128,702. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state. GDP vs GDP per Capita. 11 Jun 2018 With per capita income of $120,061 Luxembourg is 10. It is the third most richest country in Asian continent. spends vastly more per capita on health care than any other country, Americans’ life expectancy is only 26th highest. 03 US dollars in 2017. Its GDP per capita was $42,700 since it has 126 million people. City GDP per capita growth assumed to be in line with This page of GDP per capita ranking of countries is based on figures from the 2003 CIA world factbook. Qatar is at 7th position in nominal ranking. U. In 2011, Norway and Ireland had the highest GDP per hour worked followed by the United States. The world sorted by their gross domestic product per capita at nominal values. 500 - 2,500. highest gdp per capitaThe world sorted by their gross domestic product per capita at nominal values. Importance of Per Capita Income. These cities United States is the third highest workforce productivity per person in the world. Changes to the April 2015 Database On January 1, 2015, Lithuania became the 19th country to join the euro area. In economic analysis, it is important to clarify that real GDP is slightly different from GDP per capita because the former measures economic growth while the latter [GDP per capita] measures economic development as it facilitates a country’s standard of living. African countries by GDP (PPP) per capita in 2017 This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). In ppp terms, Qatar have GDP per capita of 129,727 international dollar, 7. GDP per capita is gross domestic product divided by midyear population. debt, which is also not adjusted for inflation. GDP-PPP makes for a better comparison of living standards, because PPP takes into account cost of living and inflation rates, rather than just exchange rates, which may distort the real differences in income. All suggestions for corrections of any errors about GDP - per capita (PPP) 2013 should be addressed to the CIA. map list chart. In the 1970s, Canada’s GDP per capita was US$20,340, the fourth highest of its peer countries, earning a “B” grade. Its sixth highest GDP in the world is the result of abundance of petroleum, natural gas, minerals, lumber, hydropower, sea food. Africa is the world’s second-largest continent and it comprises over 50 independent States –alternatively regarded as countries. 10. 83. S. dollars and the lowest value was in the Central African Republic: 661. debt-to-GDP ratio was at just 62. [6] The United States is the world's largest economy with a GDP of approximately $19. For a lot of reasons, we need to measure our nation’s economic state and when trying to determine a nation’s economic performance, the term GDP is often encountered or used. The gross domestic product (GDP) is one of the measures of national income and output for a given country’s economy. The top 10 countries with the highest GDP per capita are great places to live. Growth is calculated from constant price GDP data in local currency. ) c. GDP per capita (current LCU) GDP per capita (constant 2010 US$) The statistic shows the 20 countries with the largest gross domestic product (GDP) per capita in 2017. Here, the Richest Cities ranked on the GDP (Gross Domestic Product) of a 2011 data. Forecast: 7747. No claims are made regarding theaccuracy of GDP - per capita 2009 information contained here. Middle-East: GDP per capita. World Economic Outlook on Google Public Data Explorer offers select indicators from the latest online WEO database, such as GDP growth and inflation. 27 million, giving it a total GDP of approximately $124,930 per person and making it the richest country in world as of 2017, according to the IMF. The literature has put forwardnumerous factors of GDP per capita growth and convergence. It is the earning of each person when the national income is evenly divided among the country's population. Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Since the end of World War II, the economy has been witnessing a steady growth, low unemployment and inflation with great advancements in the technology segment. Real California per-capita GDP is 12. Europe: GDP per capita. com. Therichest. As of 2017, the average GDP per capita (PPP) of all of the countries of the world is USD $17,300. The per capita GDP of Kasganj, a little-known district carved out of Etah in 2008, is next only to Gautam Buddh Nagar that tops the chart at staggering Rs 3,68,081 and Meerut with second highest Also, the US GDP per capita is around 50,000. Singapore had one of the highest levels of GDP per This is a list of Indian states and union territories by GRDP per capita. Values are expressed in current international dollars, to the nearest whole dollar, reflecting a single year's (2016) currency exchange rates and PPP adjustments. 2018 These countries have among the highest homicide rates per capita in the world, much of it driven by drug trafficking and easy access to This statistics shows military spending in selected countries as a percentage of their respective gross domestic product. West Virginia (50 mt per capita), Alaska (49 mt per capita), and Louisiana (47 mt per capita) round out the top five states in terms of per capita CO2 emissions. Overview. 94 times higher than world. 24 times richer than world's $11,727. GDP (PPP) per capita and total GDP estimate values are given in international dollars . Gross domestic product (GDP) based on purchasing-power-parity (PPP) per capita. The GDP per Capita in the United States is equivalent to 421 percent of the world's average. Qatar: Indonesia's GDP per Capita and Unequal Income Distribution Indonesia's GDP per capita has risen rapidly over the past decade (although it was curtailed by the economic slowdown between 2011-2015). 29 Oct 2018 GDP per capita is a measure of country's gross domestic product by person. 8 percent in Enid, OK. , could be viewed as ranking #7 in GDP per capita (per person), according to IMF data . The highest GDP per capita levels in Europe are recorded in Luxembourg (USD 110,870), Ireland (USD 79,920) and Norway (USD 74,070). Australia is a member of the commonwealth and thus has close trade ties with the UK and its affiliates, but has recently developed an important economic relationship with China and other rising Asian economies. List of the Countries with the Highest GDP per capita The Bahamas is followed by Puerto Rico, which has a GDP per capita of around $18,000. from Baumol, 1986, or Barro, 1991). Qatar has the third-largest reserves of natural gas in the world, and it This nation has a per capita GDP of 49,500 dollars. 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. Gross regional domestic product (GRDP) is the state counterpart to a country's gross domestic product (GDP), the most comprehensive measure of national economic activity. 6 per cent for resurgent Asia. 2% of its GDP on health care in 2013, which amounted to $4,351 per person, while the United States spent 16. no data. 13 times richer than world's $18,089. Rank The land down under opens the list with a GDP per capita of $43,073. Highest Life Expectancy The U. Trinidad and Tobago is next at $14,400, followed by St Kitts and Nevis, which, despite being the smallest nominal per capita gdp for a particular year/quarter is the monetary value of output using current prices (will change due to inflation) real gdp per capita takes into account inflation - adjusts it by constructing a price index (which measures how much a unit of money can buy)Macau (MNA) – The Macau SAR had the highest GDP per capita at RMB466,650 (MOP598,393) of the city cluster in the Greater Bay Area in 2016 according to official data released on the Guangdong-Hong Kong-Macao Greater Bay Area website, recently launched by the Statistics and Census Service (DSEC). Keep scrolling down for answers and more stats Retake Quiz. World's richest countries by GDP and wealthiest nations by GDP per capita as of October 2018 With per capita income of $105,829 Luxembourg is 10. GDP is the worth of all goods and services made in a country in a year. An international dollar has the same purchasing power over GDP as a U. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U. 8/13/2012 · Measure: GDP per capita 2012 reading : $106,958 The tiny European nation of Luxembourg is mighty in at least one respect: It has the highest gross domestic product per capita in the world. #1 Qatar- GDP Per Capita: $98,814: The prosperity of Qatar is because of its wealth in the form of oil. o. Real GDP takes out the effect of inflation. Regardless, the US still has the largest average and median income in the world, standing at 42,000 per year (2012). All suggestions for corrections of any errors about GDP - per capita 2009 should be addressed to the CIA. Breakdown of Gross Domestic Product per capita in its components. The result is the commonly used measure of GDP per capita. World's richest countries by GDP and wealthiest nations by GDP per capita as of October 2018 These nations are ranked by their Per Capita GDP as these nations have the highest GDP measured in USD. In fact, these countries with the highest gross domestic product (GDP) are the most sought-after places in the world to live. Calculate the growth rate of GDP per capita. The per-capita GDP of Iceland is one of the highest in Europe, new statistics from Statistics Iceland reveal. NOTE: The information regarding GDP - per capita 2009 on this page is re-published from the CIA World Factbook 2009. Labour productivity levels in the total economy. Nigeria GDP – $594. Metropolitan areas specializing in commodities registered the highest rates of GDP per capita and employment growth in 2014. Rank, Country, GDP - PER CAPITA (PPP), Date of Information. On average, OECD countries spent $3,484 per capita on health care. 73 USD from 1960 until 2017, reaching an all time high It has a GDP per capita of $13,195. 54 times greater in PPP terms compare to nominal terms. The per capita GDP of Kasganj, a little-known district carved out of Etah in 2008, is next only to Gautam Buddh Nagar that tops the chart at staggering Rs 3,68,081 and Meerut with second highest Story: Energy consumption per capita is considered as one of the basic indicators of economic development of a country. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. The second-highest state per capita CO2 emissions level was North Dakota at 75 mt per capita. Such calculations are prepared by various organizations, including the International Monetary Fund and the World Bank. The per capita rate was a record high for the city. 71 USD, it is ranked as the 83rd world's highest gdp per capita ppp . The highest value was in Qatar: 116935. 6 percent for the year. It overtook Switzerland, where GDP per capita rose by 2% in 2013 to £46,946. With per capita income of $120,061 Luxembourg is 10. Per Capita GDP: California Ranks Very Highly Internationally. 5 billion) Amidst these many developing and developed countries, most of the European nations have an impressive GDP per capita income record. Qatar, a country with only 1. Rank In ppp terms, Qatar have GDP per capita of 128,703 international dollar, 7. unit } { related. dollAuthor: Countries Compared!Views: 110 Wealthiest Cities in the World: It's Not New York or https://financesonline. Delhi Records Highest Per Capita Income In India The UAE remains in the highest category for per capita GDP (gross domestic product) in purchasing power parity terms, although nominal per capita income has declined markedly in 2015 across all The annual median per capita income in India stood at $616, the 99th position among 131 countries. China GDP per capita PPP latest value is 15308. Nigeria has always been referred to as the giant of Africa, both in terms of economy and population. Hong Kong has the highest degree of financial autonomy in the world according to the Index of Economic Freedom. To The GDP of Macau would be about $95 billion in 2020. In nominal, 1st ranked Luxembourg is ahead by $33,225 with 2nd rank Switzerland. Recently, some of the African countries were recorded to have a higher gross national income per capita than Asian countries like India and China. Several factors influence the GDP of a country including the per capita income, the amount of goods produced and exported, and the wealth of a country among other factors. South Africa has the highest number of African dollar billionaires. 7% as compared to last year. 1%; Population: 324. com/10-wealthiest-cities-in-the-world-itsWow, interesting article. GDP = gross domestic product. under 500. The united states is the sixth richest country by GDP per capita in the world. 24 times richer than world’s $16,329. - FunGamesArena. S The Seychelles has the highest GDP per capita of any African economy, according to the IMF. As of 6/3/13 Top 10 Highest GDP Per Capita Countries study guide by New_Horizons includes 10 questions covering vocabulary, terms and more. With a per capita of $13,200. the ratio of the total population and the population above 14 years of age. With per capita income of $105,829 Luxembourg is 10. 44% since the end of the Great Recession According to recently published data, the Malvinas Islands hold the world's highest gross domestic product (GDP) per capita. This is a list of U. Using their data, we’ve compiled this list of the countries with the highest military expenditure per capita—that is, which countries spent the most on the military per citizen, a figure which Volume indices of GDP per capita, 2017 (EU-28=100) In 2017, Ireland recorded the second highest level of GDP per capita in the EU-28, at 84 % above the EU average, with only Luxembourg at a higher levelData extracted in March 2018. 51% higher today than 5 years prior in 2011. GDP per capita is among the highest in Asia. Of those 300, 204 were in developed countries. In Nominal method, market exchange rates are used for conversion. The country with highest GDP Per Capita PPP is Qatar followed by Macau in the second position and Luxembourg in the third. Your Account Isn't Verified! In order to create a playlist on Sporcle, you need to verify the email address you used during registration. 7 percent, an updated forecast from the International Monetary Fund said. The metro areas are listed from highest to Per capita gross domestic product is an approximation of the value of goods produced per person in the country, equal to the country's GDP divided by the total number of people in the country. #6 Unites States-GDP Per Capita: $53,101: United States was and remains one of the most powerful Countries of the world. In 2017, the state of Massachusetts had the highest per capita real GDP at 66,500 chained 2009 U. Map created by Reddit user Kamil1707. 39 trillion, notably due to high average incomes , a large population , [7] capital investment, moderate unemployment , [8] high consumer spending, [9] a relatively young NOTE: The information regarding GDP - per capita (PPP) 2013 on this page is re-published from the CIA World Factbook 2013. Trinidad and Tobago is next at $14,400, followed by St Kitts and Nevis, which, despite being the smallest On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. Total population of 191 economies is 7. India lags behind 132 Despite its small size and lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial services sector and one of the highest per capita income levels in the world. (Note that GDP is measured in billions, while population is measured in millions. It holds more migrant residents than the original citizens. country comparison :: gdp - per capita (ppp) GDP - per capita (PPP) compares GDP on a purchasing power parity basis divided by population as of 1 July for the same year. This grade was maintained in the following decade but dropped to a “C” average in the 1990s and 2000s. World Economic Outlook on Google Public Data Explorer offers select indicators from the latest online WEO database, such as GDP growth and inflation. The following are the world's15 wealthiest countries GDP per capita is a measure of a country's economic output that accounts for its number of people. This is a list of countries of the world sorted by their gross domestic product (GDP) per capita. Countries with more people have the potential to make more goods and services. The Gross Domestic Product per capita in European Union was last recorded at 36593. 5 and if this way of measurement is put aside, it is the second largest economy on the continent, led by Nigeria. Three lists of countries below calculate gross domestic product (at purchasing power parity) per entities, former countries and other special groupings are in italics. Highest GDP Per Capita. Discover the cities with the highest GDP per capita. Some people believe Africa constitutes the poorest continents but to contradict this notion, we have come up. 1/23/2015 · San Jose ranks third in the world in per-capita gross domestic product (GDP) after Zurich, Switzerland and Oslo, Norway, according to a new study out from the Brookings Institute on …Here are the top 10 Indian states and Union Territories in terms of their Gross State Domestic Product per capita. But in ppp terms, Luxembourg is only 6. Accordingly, the highest per capita spending levels were 80 to 90 percent higher per year than the lowest per capita spending levels during the period. The percent change in real GDP by metropolitan area ranged from 12. Massachusetts GDP (Gross Domestic Product) is a commonly used calculator of national income and measures the economic activity in a country. For example, Midland, Texas, with the highest GDP-PPP per capita metropolitan area according to the United States by the Department of Commerce Bureau of Economic Analysis, is excluded. indicator. d. Real gross domestic product (GDP) increased in 312 out of 383 metropolitan areas in 2017. The country has highest of the GDP’s in the world and is considered to have highly stable economy. The GDP per Capita in European Union is equivalent to 290 percent of the world's average. While GDP is the most widely used measure of a country’s economic activity, per capita GDP is a better indicator of the change or trend in a nation’s living standards over time, since it 20 Richest Cities in the World by 2016 GDP Per Capita 25 richest cities in the world with most billionaires per capita America's 25 Richest Cities Atlanta GDP per capita Baltimore GDP per capita Measure: GDP per capita 2012 reading : $106,958 The tiny European nation of Luxembourg is mighty in at least one respect: It has the highest gross domestic product per capita in the world. This makes Switzerland the world’s second most competitive economy. They are listed in dollar order, but are not given a numerical rank. China GDP per capita stands at 7329. Here is a list of Top 10 richest countries in Europe in 2018 having highest Per Capita Income GDP on the basis of Purchasing Power Parity (PPP). Surrey has the highest GDP per capita in the UK and the highest cost of living in the UK outside of the capital. In 2014, Luxembourg, Norway, Qatar, and Switzerland reported the highest gross domestic product per capita worldwide, as can be seen in this statistic. — David Mcfadden, The Seattle Times, "FBI: Baltimore homicide rate topped US big cities in 2017," 25 Sep. Top 20 Richest Countries in Africa 2018 Based On GDP per Capita. Six out of the top 15 cities in terms of per capita income will be South African in 2030. Apart from its neutrality, the country is known for its efficient capital markets, low unemployment, and highly skilled labor force. In ppp terms, Qatar have GDP per capita of 128,703 international dollar, 7. Luxembourg, Norway and Qatar retained the top three slots, while the UK was the world's 21st wealthiest place per In our latest World in 2050 report we present economic growth projections for 32 of the largest economies in the world, accounting for around 84% of global GDP. And rather than second, as in the nominal GDP, in this assessment Norway comes fourth, at $46,300 USD. 2018 These countries have among the highest homicide rates per capita in the world, much of it driven by drug trafficking and easy access to arms. 2,500 - 10,000. We project the world economy to grow at an average of just over 3% per annum in the period 2014 – 50, doubling in size by 2037 and nearly tripling by 2050. These nations are ranked by their Per Capita GDP as these nations have the highest GDP measured in USD. It has one of the top 20 largest economies in the world as measured by price purchase Canada spent 10. In other words, it is defined as the mean income of people in an economic unit such as a city or a country. While its national debt levels exceed the country’s GDP in 2017, in 2007, the U. Ten Highest GDP per Capita (2017) The countries with the highest economic production per person have thriving economies and few residents. In our latest World in 2050 report we present economic growth projections for 32 of the largest economies in the world, accounting for around 84% of global GDP. Let's take a look at highest and lowest per-capita GDP in largest metropolitan economies around the world. (GDP) represents the size of a country’s economy while per-capita GDP gives view of average welfare of residents which the sum value of the all of the finished goods produced annually divided by each country’s middle-of-the-year population. Calculate the population growth rate between 2005 and 2006. This is the value Rank, Country/Territories, US$ Gross domestic product per capita is sometimes used to describe the standard of living of a population, with a higher GDP meaning a higher standard of living. ) PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. 1 percent Three lists of countries below calculate gross domestic product (at purchasing power parity) per capita, i. The Gross Domestic Product per capita in the United States was last recorded at 53128. Shanghai, China (GDP: $516. GDP Per Capita in European Union averaged 23775. Interesting observations about Economy > GDP per capita in 1950. Connecticut and Maryland tie for third place, with Maryland ranking first nationally in income. A. 7 million people, has the highest GDP per capita in the world. 3, Monaco, $115,700, 2015 GDP per capita (current US$) from The World Bank: Data. 8698 USD . . " Per capita can take the place of saying "per person" in any number of statistical World's richest countries by GDP and wealthiest nations by GDP per capita as of October 20185/8/2018 · Year-over-year real GDP grew at the fastest rate in the following states: Washington. GDP per capita figures are in USD for 2013. GDP stands for Gross Domestic Product. There should be commentary highlighting the reason for the incompleteness (it doesn't seem credible that there was no economic data for the UK). The island nation off the coast of East Africa returned a figure of US$15,400 in the IMF’s latest World Economic Outlook. As per gross domestic product per capita, there is no doubt now: Qatar is the richest country in the world. The UAE remains in the highest category for per capita GDP (gross domestic product) in purchasing power parity terms, although nominal per capita income has declined markedly in 2015 across all India is the 2 nd highest populous country with many major cities and it’s highly populated too. However, GDP per capita is not a measure of personal income and using it for cross-country comparisons also has some known weaknesses. A preliminary estimate shows that economic growth softened significantly in the third quarter, largely due to a deceleration within the all-important trade sector—which suffered from a high export base effect from Q3 2017. GDP per capita (2011 PPP $) 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, expressed in international dollars using purchasing power parity rates and divided by total population of the same period. spent $8,745 per person on health care in 2012, roughly $2,500 more than Norway, the second highest spender per capita. See also: GDP - per capita (PPP) map GDP per capita of world in 2018 is forecasted at $11,727 its GDP per capita (PPP) is projected at $18,089. The 26 countries with higher GDP per capita than Israel, per IMF data: • Luxembourg $113,533 • Qatar $98,329 • Norway $97,255 • Switzerland $81,161 • United Arab Emirates $67,008 US Real GDP Per Capita table by year, historic, and current data. Gross domestic product (GDP) is the most frequently used measure for the overall size of an economy, while derived indicators such as GDP per capita — for example, in euro or adjusted for differences in price levels (as expressed in purchasing power standards, PPS) — are Per capita is a Latin term that translates into "by head," and basically means the "average per person. length } Home; What's New; Site Map; Site Index; About the IMF; Research Highest GDP Per Capita. It divides the country's gross domestic product by its total population. 2, Qatar, $124,500, 2017 est. The 300 richest cities in the world, including the 20 richest cities in the world by 2015 GDP per Capita, are responsible for over 50% of the total output produced in the world. Figure 1 shows the population ratio as obtained from the OECD population data [OECD, And even though the U. The study defined per-capita GDP as the "size of an economy relative to population. The CHART OF THE DAY tracks the The spread between the highest and the lowest per capita personal health spending across the states has remained relatively stable over 2009-14. The countries with the highest gross domestic product per capita in U. 4% of its GDP that year, amounting to $8,713 per person. Something wrong here Britain isn't on this list. 09 USD and is the 87th highest gdp per capita. The list is defined by total size of the economy, with some cities with very high GDP-PPPs per capita, but small populations are excluded. S dollars per person, for the latest year for which data is published. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Florida shown above. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U. Released by the Beijing-based institute, the ranking, the fifth of its kind since 2009, lists the Chinese mainland's 31 provincial-level regions based on their per capita GDP quality or the The 10 Nations With The Highest GDPs Per Capita. Show transcribed image text Does the country with the highest GDP per person have the lowest infant mortality or the highest life expectancy? Can poorer countries do well on these alternative measures of well-being? GDP per capita as biased and to be corrected for (multiplied by) the corresponding population ratio, i. The nation's capital claims the highest per capita GDP and taxes in the country. Total Medals per Capita; Gold Medals per Capita; Weighted Medals per Capita; Weighted Medals by GDP; Weighted Medals by Area; Weighted Medals by Latitude National projections for GDP per capita growth from PwC World in 2050 model to 2025 for countries where available, with other countries being based on closest available comparators, with some judgemental adjustments to re–ect particular national characteristics where appropriate. Quiz by Viktrodriguez GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing. 40% higher today than 5 years prior in 2011. 1, Liechtenstein, $139,100, 2009 est. The highest growth rates have been in the 1950's, 1960's and 2000's as can also be seen in the next chart additionally showing population growth and GDP growth (GDP per capita data as above in green). Methodology. 1 percent in Odessa, TX to -7. Now to clarify something, Dubai is richer in terms of income, or GDP per capita, not total GDP. What conclusion can someone draw from the map? States with the highest per capita GDP tend to be in the South. According to this ranking, first tier cities like Beijing, Shanghai and Guangzhou are not even among the top 10 riches cities in China . 461 billions. In other words, low GDP per capita countries do not necessarily catch up with high GDP per capita ones, and the gap may even increase over long period of time. However, one can question whether per capita GDP is an appropriate gauge for Indonesia as Indonesian society is characterized by a high degree of San Jose's metro region GDP was $77,440 in 2014. San Francisco Gross domestic product (GDP) at market prices is the expenditure on final goods and services minus imports: final consumption expenditures, gross capital formation, and exports less imports. countryAs another example, as of October 2018, Qatar had the highest per capita GDP (PPP) globally of $128,490, but in US dollar terms, it ranked No. San Marino: This is a small country situated on the Italian peninsula and is not a member of European Union. Now, the Finances Online released the list of the survey for the 2015’s top 10 wealthiest cities in the world by GDP. The land down under opens the list with a GDP per capita of $43,073. Gross metropolitan product (GMP) per capita in the Silicon Valley epicenter was $105,482, more than double the national average. 2017 Wealthiest Countries in the World based on Purchasing Power Parity of GDP Per Capita. Dollars) Growth slows markedly in Q3 on sharp export deceleration amid a high base effect. See also: GDP - per capita (PPP) map Inflation, GDP deflator (annual %) GDP per capita (current LCU) GDP per capita (constant 2010 US$) GDP per capita growth (annual %) GDP per capita (constant LCU) The GDP per capita listed represents the amount of wealth produced in 2016 and is expressed in international dollars. Here’s the top 10 Richest Countries in Africa as of 2015 ranked by GDP per capita: 10) Algeria – $7,500 (GDP per capita) Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. 9/11/2018 · Coconino County had the highest per capita personal income in the state for 2017 at $46,266 followed by Maricopa at $45,573. 0. 18%) people. Sweden's economic growth, measured in GDP per capita, is predicted to be the worst in Europe in 2018, shared with only the UK at a mere 0. In Norway, which ranks fourth, petroleum accounts for nearly half of exports and is the main contributor to its PPP-adjusted GDP per capita of nearly $52,000; the country is also one of the world Australia during the Great Recession Australia's GDP per Capita (PPP) had a positive growth of 9. It gives a Tianjin, the city with the highest per-capita income in China, is poised to pass Hong Kong in economic output as soon as next year, following Shanghai and Beijing. GDP by Year Since 1929 Compared to Major Events Per capita income is a measure of a country's living standard. To see the debt to GDP ratio since 1929, go to National Debt by Year. This is the value 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 Three lists of countries below calculate gross domestic product (at purchasing power parity) per entities, former countries and other special groupings are in italics. Chandigarh’s per capita income of Rs 2,42,386 has seen an increase of 0. The country with the world’s second highest per capita GDP is Switzerland with a value of USD 80,189. 54 US dollars in 2017. Qatar is the 3 rd largest oil reserve of the world. It describes how much energy is used by each person per year in a given country As per the report of the Ministry of Statistics and Programme Implementation (released on 20 Aug 2015), the state per capita income of Goa is highest in the country followed by Delhi and Sikkim *Average based on 20 countries with the highest GDP per Capita and 20 countries with the lowest, in both 1970 and 2000. Bulgaria was the Member State with the lowest per-capita GDP, at 51 % below the EU average. 9. e. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth California shown above. Experts use nominal GDP to compare GDP to the U. Questions about which region had the highest GDP and which the lowest was finally settled. 1 – Qatar - $140,649 GDP (PPP) per capita Qatar ranks number one on the list of the top 10 richest nations because of its high GDP (PPP) per capita of $140,649. 10,000 - 25,000. Florida has a higher per capita GDP than New York. GSP is similar to a country's gross domestic product (GDP). This is an overall measure of the states economy. Alaska has the lowest per capita GDP of any state. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing nominal per capita gdp for a particular year/quarter is the monetary value of output using current prices (will change due to inflation) real gdp per capita takes into account inflation - adjusts it by constructing a price index (which measures how much a unit of money can buy) *GDP per capita is the GDP of a region for a particular period divided by the average population for the same period. Unites States was significantly affected by global recession from 2008 to 2012 which brought unemployment, bankruptcies, decline in home prices, low consumer confidence, inflation etc. This does not mean Hong Kong is a country; it is a special administrative region of China (Hong Kong SDR). Can you name the 20 microstates (< 1 mln inhabitants) with the highest GDP (PPP) per Capita? Test your knowledge on this geography quiz to see how you do and compare your score to others. Income per capita is the most frequently used statistic for comparing economic well-being across countries. Countries with Highest GDP Per Capita Income Share This in Common. The per capita rate was a record high for the city. Qatar, Luxembourg, Singapore, and Brunei all top the list of the world's wealthiest places. Calculate the growth in real GDP between 2005 and 2006. 1/19/2018 · GDP per capita is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U. is a general measure of labor -nomy. South Africa is still, in essence, the richest African country. According to the World Bank Development Indicator Database, the country with the highest per capita GDP for the year 2013 is Monaco, with a per capita GDP of $163,026. 11 times higher than world. Calculate the GDP per capita for 2005 and 2006. **All figures are in CA$ and taken from Statistics Canada . dollar has in the United States. 5%. 24 times richer than world's $11,727. In 1950-73, Japan had supergrowth, with per capita income rising over 8 per cent a year compared with the 2. Turkey has a GDP per capita (price purchase parity) of around $13,000 and a population of over 73 million. 75 U. Jumble Crosswords is a crossword and word scramble combination with a free daily puzzle that can be played on the web. Although it can be measured per capita, this article focuses on the GDP of the country as a whole. In that time the population in California grew by 1,573,156 (4. Here are the top 30 (and here's the full study ): View As: One Page Slides GDP per capita, PPP (current international $) Close. 13 times richer than world's $18,089. In that time the population in Florida grew by 1,515,487 (7. The Richest Country in Africa Namibia ($9,800) Namibia as a whole is one of the richest countries in Africa with a good annual nominal GDP because of its minerals industry, especially diamonds. The rankings were calculated by looking at each metro area’s current GDP, along with GDP figures per-capita, and the 2017 estimated GDP for each city. S TOP 20 GDP PER CAPITA RANKING 2017/2018 OF THE WORLD RICHEST COUNTRIES. While Karamay, a small city from Xinjiang Uygur Autonomous Region is the richest city in China, followed by Erdos and Alxa League from Inner Mongolia. With the highest GDP in 2030, Johannesburg will see a rise in rich households (475,000) earning more than $70,000 per year. This is an important distinction, because an economy may have a very high overall GDP, while its residents have relatively low income. highest gdp per capita Qatar is at 6th position in nominal ranking. Now you correct, that is not the average income because of the wide wealth gap in the country. 1. The Bahamas is followed by Puerto Rico, which has a GDP per capita of around $18,000. The World Bank highlights the role of tourism in the country’s economic growth Here are the top 10 Indian states and Union Territories in terms of their Gross State Domestic Product per capita. International Comparisons of GDP per Capita and per Hour, 1960–2011 . One way of measuring a country's wealth is through its GDP (Gross Domestic Product). 35 million; Currency: US Dollar; The United States is the world’s largest economy and it also has the highest level of national debt. GDP per hour worked was low-est in the Republic of Korea and the Czech Republic. 78% during the Great Recession Australia since the end of the Great Recession Australia's GDP per Capita (PPP) had a positive growth of 6. Based on this approach, Qatar has the highest GDP per capita in the world while Luxembourg ranks the second. was estimated at 3. The richest countries in the world can be measured by GDP per capita. GDP per capita provides a measure of comparative income for individuals in an economy, as opposed to overall GDP data, which is a measure of an economy’s total production. The BEA uses it to calculate the GDP growth rate and GDP per capita. According to 2008 figures, Liechtenstein tops the list of countries with the highest per capita GDP. Source: Global MetroMonitor, Brookings. The most common use of income per capita is to assess an area’s wealth. Utilities, trade and tourism, and manufacturing specializations were { parent. Current US Real GDP Per Capita is 56,841. However, a study by Maddison Historical Statistics revealed that in 1895 and 1896 Argentina was not one of the richest countries in the world, but the number one, with the world’s highest GDP Colorado recorded the second-highest annual GDP growth, up 3. Go to your Sporcle Settings to finish the process. Tianjin, the city with the highest per-capita income in China, is poised to pass Hong Kong in economic output as soon as next year, following Shanghai and Beijing