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This is a list of South American countries by GDP (nominal) per capita per the International Monetary Fund. [1] Map of South American countries by GDP (nominal) per capita according to the International Monetary Fund for 2018 [2]
This is a list of South American nations by gross domestic product per capita based on purchasing power parity. South American countries by GDP PPP per capita according to the International Monetary Fund for 2018
South America ranks fifth [10] in terms of nominal GDP by continent, behind North America and after Oceania. South America has two major trade blocks: Mercosur and the Andean Community . Brazil is the largest economy in South America in terms of Nominal GDP, it has a vast and diverse economic landscape encompassing agriculture, manufacturing ...
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
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.
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Per capita is a Latin phrase literally meaning "by heads" or "for each head", and idiomatically used to mean "per person". The term is used in a wide variety of social sciences and statistical research contexts, including government statistics, economic indicators , and built environment studies.
This is a list of South American nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP) for the latest years recorded in the CIA World Factbook. [1] The figures provided are quoted in US dollars and are 2017 estimates unless otherwise noted.