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In terms of GDP per capita, Ireland is ranked as one of the wealthiest countries in the OECD and the EU-27, at 4th in the OECD-28 rankings. In terms of GNP per capita, a better measure of national income, Ireland ranks below the OECD average, despite significant growth in recent years, at 10th in the OECD-28 rankings.
The UK government intensified its efforts to respond to the cost-of-living crisis in May 2022, with a £5 billion windfall tax on energy companies to help fund a £15 billion support package for the public. The package included every household getting a £400 discount on energy bills, which would be in addition to a £150 council tax refund the ...
This is a list and map of European states by GDP per capita. The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one ...
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.
The Big Issue defines a cost of living crisis as ‘a situation in which the cost of everyday essentials like groceries and bills are rising faster than average household incomes’. [6] Change in average real incomes can be measured by real GNI per capita change.
The United Kingdom constituted 2.17% of world GDP by purchasing power parity (PPP) in 2024 estimates. [29] The United Kingdom has one of the most globalised economies [30] and comprises England, Scotland, Wales and Northern Ireland. [31] In 2022, the United Kingdom was the fifth-largest exporter [32] in the world and the fourth-largest importer ...
List of countries by past and projected GDP (nominal) per capita. ... by past and projected gross domestic product per capita, ... United Kingdom: 20,913: 21,738: 22,394:
[58] [59] [60] 2019 and 2017 surveys of existing academic research found that the credible estimates ranged between GDP losses of 1.2–4.5% for the UK, [67] and a cost of between 1–10% of the UK's income per capita. [56]