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The decision follows the release in 2020 of new purchasing power parities (PPPs)—the main data used to convert different currencies into a common, comparable unit and account for price differences across countries. The new extreme poverty line of $2.15 per person per day is based on 2017 PPPs. [7]
A country is classified among the Least Developed Countries if it meets three criteria: [2] [3] Poverty – adjustable criterion based on Gross national income (GNI) per capita averaged over three years. As of 2018, a country must have GNI per capita less than US$1,025 to be included on the list, and over $1,230 to graduate from it.
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.
Countries by GNI (PPP) per capita in 2016. This article includes a list of countries of the world and their gross national income (GNI) (formerly GNP) per capita at purchasing power parity (PPP) in 2023, as reported by the World Bank. [1]
The greatest cases of inequity typically would involve an impoverished and politically unstable country neighbouring a resource-rich and relatively stable one, although neither may be recognised as a high-income economy. As an extreme example, the GDP per capita for Saudi Arabia, is over 42 times greater to that of its neighbour Yemen.
List of countries by GDP (PPP) per capita List of countries by percentage of population living in poverty See also the categories Distribution of wealth and Income distribution
Income ratios include the pre-tax national income share held by top 10% of the population and the ratio of the upper bound value of the ninth decile (i.e. the 10% of people with highest income) to that of the upper bound value of the first decile (the ratio of the average income of the richest 10% to the poorest 10%).
This is a list of countries and dependencies ranked by population density, sorted by inhabitants per square kilometre or square mile. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The list also includes unrecognized but de facto independent countries. The figures in the table ...