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 story of the worlds cities from 2000 to 2012 was one of rising prosperity. Comparison of gdp per capita data in penn world table and. Understanding and improving the one and three times gdp per. Such calculations are prepared by various organizations, including the international monetary fund and the world bank. The 5 highest records for sovereign countries 1 per country since 1980. List of countries by gdp nominal per capita wikipedia. This paper compares data on gdp per capita, which is used in almost every crosscountry study, from two different sources which are used by numerous researchers and other users throughout the world. Nov 21, 2019 the statistic shows gross domestic product gdp per capita in the philippines from 1984 to 2017, with projections up until 2024. Gdp is the total value of all goods and services produced in a. Moreover, according to imfs world economic outlook, in 2018, economic activity is projected to pick up the pace to grow by 6 percent.
This page lists the countries of the world sorted by their gross domestic product per. Per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. The gross domestic product gdp per capita figures on this page are derived from ppp calculations. A panel data covers the period between 2003 and 2011. For rankings regarding wealth, see list of countries by wealth per adult.
Ministry of finance, zambia and world bank estimates. For this purpose it uses gross national income gni per capita data in u. About 72% of the worlds population lives in economies that are below that average. South sudan does quite well compared to its neighbors in east africa. Official pdf, 52 pages world bank documents world bank group. The average real gdp per capita is calculated by dividing. The gross domestic product gdp per capita figures on this page are derived from ppp. The first step is to find gdp per capita data for the benchmark year 2005, using the ppp of 2005. There was also an uptick in the poverty rate as a result. The world bank classifies economies for analytical purposes into four income groups. The economy has expanded by an average of 5 percent annually, driven by consumption and fueled by remittances. Gdp per capita ppp 2012 country ranks, alphabetical. As this years poverty and shared prosperity report documents, the world continues to make progress toward these goals. In developing countries, per capita income growth averaged around 1 percent per year in the 1980s and 1990s, but jumped to 3.
No claims are made regarding theaccuracy of gdp per capita ppp 2012 information contained here. Aug 30, 2019 per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Luxembourg has by far the highest gdp per capita among all the 37 countries included in this comparison, being more than two and a half times above the eu28 average. Gross domestic product 2012 millions of ranking economy us dollars. Public disclosure authorized tive cities for the world bank. Powered by china, gdp per capita across cities in the data set grew by 4. Adjusting for purchasing power parity converts the purchasing power of each countrys currency so that it.
Understanding and improving the one and three times gdp. Data learn how the world bank group is helping countries with covid19 coronavirus. The world bank does not guarantee the accuracy of the data included in this work. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Countries volume indices of gdp per capita are shown in the lefthand part of table 1.
Official pdf, 162 pages world bank documents world bank group. Nonrenewable resources, income inequality and per capita. The objective is to test the hypothesis that there is a strong negative. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces. Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population % annualized average growth rate in per capita real survey mean consumption or income, total population % gini index world bank estimate income share held by fourth 20%. World development indicators, the world bank data notes. V percent in v w8, reflecting the impact of weather shocks and fiscal policy inertia. Nonrenewable resources, income inequality and per capita gdp. In 2018, gdp per capita for world was 11,312 us dollars. East asia has led the world, with sustained per capita growth of 6 percent per year in.
Gdp is the sum of gross value added by all resident. Gdp per capita, consumption per capita and price level. The information regarding gdp per capita ppp 2012 on this page is republished from the cia world factbook 2012. Although it is among the poorest countries in europe, it has made significant progress in reducing poverty and promoting inclusive growth since the early 2000s. In real terms, global gdp growth for 2018 is estimated. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. This model has been updated using recent data scott 2012. World bank group 201204 global flows of foreign direct investment fdi declined severely during the recent economic and financial crisis. The dispersion in gdp per capita across the eu member states is quite remarkable.
World bank ranking of countries by gdp per capita ppp, 2014 the world bank uses actual data on gdp per capita and then adjusts for purchasing power parity ppp across countries. Gross domestic product per capita for afghanistan alfred. Learn how the world bank group is helping countries with covid19 coronavirus. On june 26 data for 2018 for population and national accounts, including gdp. The data correspond to the last date of registration provided by the source. All suggestions for corrections of any errors about gdp per capita ppp 2012 should be addressed to the cia. Philippines gross domestic product gdp per capita 2024. The methodology decomposes gdp growth using several consecutive steps, each step goes further in answering the above questions and the analyst can choose how far to go depending on data availability, among others. Gross national income per capita 2018, atlas method and ppp. Graph and download economic data for constant gdp per capita for the nonoecd nygdppcapkdnoc from 1989 to 2014 about nonoecd, per capita, real, and gdp. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the world bank group concerning the legal status. Jobs generation and growth decomposition tool world bank. In 2019, venezuelas gross domestic product gdp per capita dropped to 2,547 u. In a first step growth in per capita gdp proxied by per capita value added is decomposed into employment rate changes.
On september 24, the latest poverty and shared prosperity indicators were released. The methodology consists of taking gdp per capita in international dollars for the icp benchmark year 2005 for each country from world development indicators 2012 cdrom wdi and penn world table 7. Notice that the line for the world average gdp per capita in real terms is,460 usd. 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.
Changes to the april 2012 database as in the september 2011 world economic outlook, fiscal and external debt data for libya are excluded for 2011 and later due to the uncertain political situation. Official pdf, 144 pages world bank documents world bank group. Gross national income per capita 2018, atlas method and ppp purchasing atlas power parity methodology. End extreme poverty by 2030 and promote shared prosperity by boosting the incomes of the bottom 40 percent of the population in each economy. The future of the world bank used gross national product gnp per capita to. For example, the world health organizations whos choosing interventions that are costeffective choice program defines interventions for which the cost per daly averted is less than gdp per capita as very costeffective, between one and three times gdp per capita as costeffective, and greater than three times gdp per capita as not. These updates include new estimates for gini index, poverty headcounts and gaps, and income and consumption data by income level and per capita. World bank, international comparison program database. Gdp per capita, ppp by country in current international. As a result, the economy has remained mired in recession since 20, with gdp shrinking by an estimated 8.
It turns out that in terms of overall income generation. World gdp, estimated in purchasing power parity, was about 71 200 billion euros in 2012. Using a dataset that includes information on 43 countries from 1980 to 2012, this paper estimates several model. Documentation for gdp per capita by purchasing power. The data are for the different sovereign countries of the world. The annual report is prepared by the executive directors of the international bank for reconstruction and development ibrd and the international development association idacollectively known as the world bank in accordance with the bylaws of the two institutions. Jul 24, 2016 for example, the world health organizations whos choosing interventions that are costeffective choice program defines interventions for which the cost per daly averted is less than gdp per capita as very costeffective, between one and three times gdp per capita as costeffective, and greater than three times gdp per capita as not. The methodology consists of taking gdp per capita in international dollars for the icp benchmark year 2005 for each country from world development indicators. Per capita incomes have risen substantially in many parts of the developing world over the past few decades. World bank national accounts data, and oecd national accounts data files. All numbers were rounded to the closed dozen or hundred. Exploring the relationship between broadband and economic.
Mpo 253 apr 19 outlook gdp growth is projected to rise to 45 per cent over the next two years, supported by strong agriculture growth assuming a return to favorable weather conditions and the wearing off of the faw as well as improved energy supply. The statistic shows gross domestic product gdp per capita in the philippines from 1984 to 2017, with projections up until 2024. Gdp per capita is gross domestic product divided by midyear population. This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. Data are for the area controlled by the government of cyprus. As the crisis eased, recovery in world economies spurred a resurgence of fdi, and that in turn reignited competition for investments among host countries. 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. Afghanistan per capita world development indicators world bank. The paper studies the impact of corruption on the gdp per capita. Inflation, gdp deflator annual % oil rents % of gdp download. Between 1969 and 2018, gdp per capita of world grew substantially from 751 to 11,312 us dollars rising at an increasing annual rate that reached a maximum of 19. The future of the world bank used gross national product gnp per capita to classify countries as very poor, poor, middle income, and rich reid, 1965. Dec 20, 2019 graph and download economic data for constant gdp per capita for india nygdppcapkdind from 1960 to 2018 about india, per capita, real, and gdp. Venezuela gross domestic product gdp per capita 2021.
Poverty rates and gdp per capita constant 2000 pesos. Rankings include all 217 world bank atlas economies, but only those with confirmed gni per capita estimates for at least one year during last three year period. Official pdf, 180 pages world bank documents world bank group. The intersection of the average line with the rectangles shows the disparity in gdp per capita across the world. The results suggest that gdp growth will experience a higher increase when adding 10 mobile subscriptions per capita than adding 10 fixed lines but that broadband has the highest gdp growth increase figure 21. Changes in any of the three can affect an economys relative size and, therefore, its ra. South sudan launches its first gdp estimate world bank blogs. Food insecurity is alarming, with 56 per cent of children under 5 stunted across the country.
The world banks classification of countries by income. Icp provides gdp per capita data for 144 countries. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. From table 1, one can see that economic growth of asean countries between. Gdp growth per capita remained negative, and poverty incidence was estimated at 82. Rankings include only those economies with confirmed gdp estimates. The current form of the income classification has been used since 1989. It uses a twoequation system in which the gini index and gdp per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealthi.
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