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In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents.
In the 1990s, the average American standard of living was regarded as amongst the highest in the world, and middle class and poor Americans were still, on average, richer than their counterparts in almost all other countries, though the gap with some European countries had noticeably narrowed. [38] [45]
The PCPI is adjusted by differences in the cost of living, called "regional price parities" by the Bureau of Economic Analysis. The effect of adjusting the per capita personal income by the cost of living is to narrow the difference in the standard of living between most high-income cities and most low-income cities.
On average, you’ll need a take-home pay of at least $41,000 to cover your primary expenses in Chicago, so the average U.S. salary of $63,795 is enough for Windy City living.
The population growth rate estimates (according to the United Nations Population Prospects 2019) between 2015 and 2020 [1] This article includes a table of countries and subnational areas by annual population growth rate.
For change of GDP per capita over time as a measure of economic growth, see real GDP growth and real GDP per capita growth. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are ...
The 2022 projections from the United Nations Population Division (chart #1) show that annual world population growth peaked at 2.3% per year in 1963, has since dropped to 0.9% in 2023, equivalent to about 74 million people each year, and could drop even further to minus 0.1% by 2100. [4]
The current world population growth is approximately 1.09%. [8] People under 15 years of age made up over a quarter of the world population (25.18%), and people age 65 and over made up nearly ten percent (9.69%) in 2021. [8] The world population more than tripled during the 20th century from about 1.65 billion in 1900 to 5.97 billion in 1999.