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This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates. Values are given in International Dollars .
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange ... South Korea: 1,777: 1,951: 2,064: 2,278:
GDP per capita (US$) [6] 1 Ulsan: US$ 60,636 2 South Chungcheong Province: US$ 50,351 3 Seoul: US$ 43,411 4 South Jeolla Province: US$ 43,317 5 North Chungcheong Province: US$ 40,303 6 North Gyeongsang Province: US$ 37,483 – South Korea: US$ 35,190 7 Gyeonggi Province: US$ 33,973 8 Sejong: US$ 33,342 9 South Gyeongsang Province: US$ 29,750 10
This is similar to nominal GDP per capita but adjusted for the cost of living in each country. In 2023, the estimated average GDP per capita (PPP) of all of the countries was Int$22,452. [a] For rankings regarding wealth, see list of countries by wealth per adult.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
Nominal GDP per capita grew from $103.88 in 1962 [47] to $5,438.24 in 1989, [48] reaching the $20,000 milestone in 2006. The manufacturing sector grew from 14.3 percent of the GNP in 1962 to 30.3 percent in 1987. Commodity trade volume rose from US$480 million in 1962 to a projected US$127.9 billion in 1990.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [ 5 ] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [ 6 ] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades ...