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The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
Measures of personal income include average wage, real income, median income, disposable income and GNI per capita. Comparisons of GDP per capita are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries, see List of countries by GDP (PPP) per capita .
Data from 2018/9 [2]; Country Single person, no children Single person, 2 children Australia: 34 44 Austria: 42 47 Belgium: 40 46 Bulgaria: 12 23 Canada: 21 37
In 2017, Ireland's economic data became so distorted by U.S. multinational tax avoidance strategies (see leprechaun economics), also known as BEPS actions, that Ireland effectively abandoned GDP (and GNP) statistics as credible measures of its economy, and created a replacement statistic called modified gross national income (or GNI*).
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
Mwamba, an economics professor at the University of Johannesburg, et al. have found that the income level of a country was not necessarily correlated with its social mobility level. [9] In agreement with the World Economic Forum, Mwamba et al. argue that it is difficult to ascend the social ladder regardless of a country’s income level. [9]
This article includes two lists of Organisation for Economic Co-operation and Development (OECD) member states sorted by their gross domestic product per capita, the value of all final goods and services produced within a nation in a given year, converted to U.S. dollars, divided by the average (or mid-year) population for the same year.
Quartz cited the report, "[S]ince 1980 the top 0.1% have captured as much income growth as the entire bottom half of world's (adult) population. And for the group of people in between the bottom 50% and top 1%—mostly the lower- and middle-income groups in North America and Europe—income growth has been either sluggish or flat."