India gdp per capita ppp

This is an alphabetical list of countries by past and projected Gross Domestic Product per capitabased on the Purchasing Power Parity PPP methodology, not on official exchange rates.

Business and economic data for countries. The average value for India during that period was U. The latest value from is U. For comparison, the world average in based on countries is U. See the global rankings for that indicator or use the country comparator to compare trends over time. Download data API.

India gdp per capita ppp

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. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. Comparisons of national wealth are frequently made based on nominal GDP and savings not just income , which do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates , which may distort the real differences in income. This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income. See Standard of living and GDP. All figures are in current international dollars , and rounded to the nearest whole number. The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by any of the sources. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e. However, it is increasingly being recognized that tax havens , or corporate tax havens , have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. These investments in empty corporate shells almost always pass through well-known tax havens. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 per cent of the world's investment in special purpose entities, which are often set up for tax reasons. In , Ireland's economic data became so distorted by U. Ireland is one of the world's largest corporate tax havens.

This is an alphabetical list of countries by past and projected Gross Domestic Product per capitabased on the Purchasing Power Parity PPP methodology, not on official exchange rates. Current job openings:.

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Most international comparisons on economic indicators are expressed in terms of official exchange rate. The technique of purchasing power parity allows us to estimate what exchange between two currencies is needed to express the accurate purchasing power of the tow currencies in the respective countries. Imagine that the market exchange rate between Dollar and Rupee is One Dollar in the US will buy one liter of milk there. Corresponding money in terms of Rupee i. If milk is the only commodity produced in the world you imagine it for simplicity sake , one will think that India is producing 10 liters of milk, if we use the market exchange rate.

India gdp per capita ppp

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GDP from Utilities. Saudi Arabia. El Salvador. Toggle limited content width. South Korea. Central bank interest rate Commercial bank prime lending rate. API users can feed a custom application. Toggle limited content width. Per capita Past and projected per capita Sector composition. Developer Docs Features. Article Talk. Czech Republic. The Gross Domestic Product per capita in India was last recorded at The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. The PPP measure is useful to compare income across countries.

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.

Already a user? This is an alphabetical list of countries by past and projected Gross Domestic Product per capita , based on the Purchasing Power Parity PPP methodology, not on official exchange rates. World Bank. Read View source View history. Hidden categories: Articles with short description Short description is different from Wikidata Wikipedia pages semi-protected against vandalism Use dmy dates from October The PPP measure is useful to compare income across countries. North Macedonia. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 per cent of the world's investment in special purpose entities, which are often set up for tax reasons. Lists of countries by financial rankings List of international rankings Lists by country. By country future estimates per capita per capita per person employed. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. Council on Foreign Relations.