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GDP per capita (nominal) is a raw figure that does not take into account the differences in the cost of living between one country and another. In contrast, GDP per capita (PPP) factors in each country’s relative cost of living and inflation rate.
Typically used to determine the stability and health of a nation's economy, debt-to-GDP ratio is expressed as a percentage and offers an at-a-glance estimate of a country's ability to pay back its current debts. It is typically evaluated alongside related metrics such as GDP per capita, GDP growth, GNP, and GNI per capita.
GDP per capita is a common measure of a country's wealth, but it does not always correspond to the average income of its citizens. Luxembourg, Bermuda, and Ireland rank highest in GDP per capita, indicating significant national wealth.
Canada has the tenth-largest economy in the world with a nominal GDP of $1.73 trillion. Canada’s per capita GDP of $46,260.71 is ranked 20th globally while its GDP (PPP) of $1.84 trillion is ranked 17th globally. Canada’s GDP is expected to rise to $2.13 trillion by 2023.
Minimum required defense spending by NATO countries. During the 2014 summit, all NATO members agreed to spend at least 2% of their GDPson defense by 2025. In 2017, only four nations met the threshold: The United States (3.6%), Greece (2.4%), the United Kingdom (2.1%), and Poland (2.0%).
Which country has highest GNI per capita? According to the Atlas method, Bermuda, which has a GNI of 122,470, has the highest GNI per capita. However, when using the 2021 PPP method, Singapore has the highest GNI at 102,450.
Although GNI/GNP and GDP are similar (as are GNI per capita and GDP per capita), a key difference exists between the two: GDP represents the value of goods and services produced within a country’s geographical borders regardless of which country profits from that production, whereas GNP/GNI represents the value of all goods and services ...
Gross Domestic Product (GDP) is one of the most important metrics used to measure the economic wealth of an entire nation. It is often complemented by Gross National Income (GNI) per capita, which gives a better indication of how that nation's individual citizens are faring.
World Bank tracks a number of income- and poverty-related metrics, including GDP per capita, GNI per capita, GINI coefficient per country, and median income. As of March 2021, the 10 countries with the highest median incomes ranked are below.
Purchasing Power Parity (PPP) is a monetary conversion rate used to enable country-to-country comparisons of economic indicators including Gross Domestic Product (GDP), Gross National Income (GNI), GDP per capita, and GNI per capita.