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There are many natural economic reasons for GDP-per-capita to vary between jurisdictions (e.g. places rich in oil and gas tend to have high GDP-per-capita figures). 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 ...
The domestic supply price farmers receive in Egypt is E£1,200 (US$211) per ton compared to approximately E£1,940 (US$340) per ton for import from the US, Egypt's main supplier of wheat and corn. Egypt is the U.S.'s largest market for wheat and corn sales, accounting for US$1 billion annually and about 46% of Egypt's needs from imported wheat.
UAE has the second-largest economy in the Arab world (after Saudi Arabia), [22] with a gross domestic product (GDP) of US$414 billion (AED 1.52 trillion) in 2018. [23] A third of the GDP is from oil revenues. [22] The economy was expected to grow 4–4.5% in 2013, compared to 2.3–3.5% over the previous five years.
Drivers are in for another headache at the pump as U.S. gas prices continue to rise. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than ...
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
GDP per capita measures (like aggregate GDP measures) do not account for income distribution (and tend to overstate the average income per capita). For example, South Africa during apartheid ranked high in terms of GDP per capita, but the benefits of this immense wealth and income were not shared equally among its citizens. [ 78 ]
GDP is the mean (average) wealth rather than median (middle-point) wealth. Countries with a skewed income distribution may have a relatively high per-capita GDP while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. See Gini coefficient.
Last month, U.S. gasoline prices rose largely due to regional refinery outages in the west coast and the Midwest. In California, costs are up more than $1 per gallon in the last month whereas in ...