India gdp per capita ppp

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.

Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. Summary Stats Forecast Download. The Gross Domestic Product per capita in India was last recorded at

India gdp per capita ppp

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. Values are given in International Dollars. Contents move to sidebar hide. Article Talk. Read View source View history. Tools Tools. Download as PDF Printable version. Retrieved 10 October Lists of countries by GDP rankings. Per capita Past and projected per capita Sector composition. Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically. PPP per capita Nominal per capita. Lists of countries by financial rankings List of international rankings Lists by country.

Gross National Happiness Net material product Research and development spending Stock market capitalization Patents, trademarks, and industrial design filing activity. Tax haven Sink OFC.

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.

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. Actually, India produces 30 liters of milk.

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.

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Read View source View history. The PPP measure is useful to compare income across countries. Subscription Plans Features. In , Ireland's economic data became so distorted by U. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP per Capita. National Statistics World Bank. GDP per capita, constant dollars. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. And on current trends [because Irish GDP is distorting EU aggregate data], the eurozone taken as a whole may need to consider something similar.

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See Standard of living and GDP. No data. Ireland is one of the world's largest corporate tax havens. Papua New Guinea. Sierra Leone. Saudi Arabia. The latest value from is U. Republic of the Congo. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. Retrieved 3 July Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically. An international dollar has the same purchasing power over GDP as the U. Retrieved 10 October This is similar to nominal GDP per capita but adjusted for the cost of living in each country.