India gdp per capita ppp

This is an alphabetical list of countries by past and projected Gross Domestic Product per capitabased on the Purchasing Power Parity PPP methodology, not on official exchange rates.

Business and economic data for countries. The average value for India during that period was U. The latest value from is U. For comparison, the world average in based on countries is U. See the global rankings for that indicator or use the country comparator to compare trends over time.

India gdp per capita ppp

A country's gross domestic product GDP at purchasing power parity PPP per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average or mid-year population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country. 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. Comparisons of national wealth are frequently made based on nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates , which may distort the real differences in income. 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. See Standard of living and GDP. All figures are in current international dollars , and rounded to the nearest whole number. The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by any of the sources. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e. However, it is increasingly being recognized that tax havens , or corporate tax havens , have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. These investments in empty corporate shells almost always pass through well-known tax havens.

Gross National Happiness Net material product Research and development spending Stock market capitalization Patents, trademarks, and industrial design filing activity.

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Most international comparisons on economic indicators are expressed in terms of official exchange rate. The technique of purchasing power parity allows us to estimate what exchange between two currencies is needed to express the accurate purchasing power of the tow currencies in the respective countries. Imagine that the market exchange rate between Dollar and Rupee is One Dollar in the US will buy one liter of milk there. Corresponding money in terms of Rupee i. If milk is the only commodity produced in the world you imagine it for simplicity sake , one will think that India is producing 10 liters of milk, if we use the market exchange rate. Actually, India produces 30 liters of milk.

India gdp per capita ppp

A country's gross domestic product GDP at purchasing power parity PPP per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average or mid-year population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country. 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. Comparisons of national wealth are frequently made based on nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates , which may distort the real differences in income. 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. See Standard of living and GDP. All figures are in current international dollars , and rounded to the nearest whole number. The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by any of the sources. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e.

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Economic growth. PPP per capita Nominal per capita. North Macedonia. In some very poor countries, it is less than dollars per year. San Marino. All figures are in current international dollars , and rounded to the nearest whole number. Trinidad and Tobago. In advanced economies, it exceeds 35, dollars per year. Thus, the inclusion of basic intelligence on the EU has been deemed appropriate as a new, separate entity in The World Factbook. A country's gross domestic product GDP at purchasing power parity PPP per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average or mid-year population for the same year. GDP per capita, current dollars. Czech Republic. This site uses cookies.

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We Are Hiring. Equatorial Guinea. Subscription Plans Features. S2CID Papua New Guinea. 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. Contents move to sidebar hide. August Per capita Past and projected per capita Sector composition. The Gross Domestic Product per capita in India was last recorded at Saudi Arabia. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. Constant International Dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.