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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.
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.
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 earlier.
China's Historical Nominal GDP for 1952–present (current price) [8] (the revised data released by NBS according to the results of the fifth national economic census in 2023) [9] year GDP: GDP per capita based on mid-yr pop. [10] Reference index: billions of GDP real growth (%) GDP per capita real growth (%) thousands of mid-yr pop. XRrate [11 ...
Hong Kong has the second highest GDP per capita in China (US$53,606). Karamay in Xinjiang has the third highest GDP per capita in China (US$26,223). According to the administrative divisions of China, there are three level of cities: municipalities, prefecture-level cities, and county-level cities.
Barring the pandemic years through 2022, when China’s growth was disrupted by strict lockdowns and other restrictions, 5.2% is the country’s slowest pace of annual growth since 1990, when the ...
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
China implemented economic reform in 1978, and from 1979 to 2023, the country's GDP growth rate grew by an average of 8.93% per year in the 45 years since its implementing economic reform. According to preliminary data released by the authorities, China's GDP in 2023 was CN¥126.06 trillion (US$ 17.89 trillion) [ 33 ] with a real GDP increase ...