Estimation of a countrys gross domestic product shows the size of its economy but does not show how wealthy on average are individuals of that country. The world bank provided its first technical assistance grant to nepal in 1964 to finance and organize a transport survey. Such calculations are prepared by various organizations, including the international monetary fund and the world bank. Gdp per capita measures the value of everything produced in a country during a year, divided by the number of people. For argentina, an alternative conversion factor has been calculated using a weighted average method for the period from 2012 to 2015. Further analysis focusing on a subsample of nonrenewable resource rich countries confirms these findings. Decomposing the change in gdp per capita examining changes in rwanda, nicaragua, indonesia 1997 to 2000, and south asia. The world bank 2012 analyzed the impact of natural capital4 on income by examining the adjusted net savings of resourcerich countries. Annual growth rate of real gross domestic product gdp per capita is calculated as the percentage change in the real gdp per capita between two consecutive years. World bank, macroeconomics and fiscal management global practice, and poverty global practice. Because gni per capita changes over time, the country composition of income groups. Decomposing the change in gdp per capita world bank. Changes in any of the three can affect an economys relative size. Scores are determined by criteria defined by the world bank regarding whether a countrys legal framework prevents women from accessing certain rights, opportunities or protections.
Gdp per capita is gross domestic product divided by midyear population. Real gdp per capita and shares of global population, 2011 resources world bank. Korea per capita world development indicators real world bank gross domestic product annual nation. Online spreadsheet with data for countries, regions and global total v26 summary documentation of v26 sources.
For rankings regarding wealth, see list of countries by wealth per adult. World bank national accounts data, and oecd national. Regression estimates of per capita gdp based on purchasing power parities i. World bank based on data from national authorities. List of countries by gdp nominal per capita wikipedia. International comparison program 2011 icp data catalog. Gross national income per capita 2018, atlas method and ppp. The estimates vary significantly across countries and regions, with the largest average penalties in subsaharan africa and south asiaaround 10 percent of gdp per capita. Graph and download economic data for constant gdp per capita for the united kingdom nygdppcapkdgbr from 1960 to 2018 about united kingdom, per capita, real, and gdp. Data learn how the world bank group is helping countries with covid19 coronavirus. The discussion referred briefly to the possible use of other indicators of welfare. World bank national accounts data, and oecd national accounts data files. World bank, international comparison program database. Purchasing power parities and the real size of world econo.
The economic wellbeing of a countrys citizens can be measured as a countrys gdp per one inhabitant, known as gdp per capita which is usually used as an indicator of the quality of life. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Data are for the area controlled by the government of cyprus. Learn how the world bank group is helping countries with covid19 coronavirus. Gdp per capita growth annual % philippines from the world bank.
United kingdom per capita world development indicators real world bank gross domestic. The third table is a tabulation of the cia world factbook gdp ppp data update of 2017. While gross domestic product per capita is especially. Gdp, gross domestic product, real, nominal, deflator, index, growth, change. Historical gdp per capita by country statistics from the world bank.
The world banks classification of countries by income. Data on night lights have been used to estimate, among others, subnational income per capita ebener and. Gdp per capita growth annual % from the world bank. Constant gdp per capita for the world nygdppcapkdwld.
Containment, both in absolute and per capita terms xxi figure es4. The future of the world bank used gross national product gnp per capita to classify countries as very poor, poor, middle income, and rich reid, 1965. Rankings include all 215 world bank atlas economies, but only those with confirmed gni per capita estimates or those that rank among the top twenty for the atlas method are shown in rank order. Gross national income per capita 2018, atlas method. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership.
Gdp 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. Historical gdp per capita by country statistics from the world bank 19602018. Gdp per capita growth annual % philippines world bank. Relative gdp per capita 1x world average one simple way to measure inequality within a country is to consider the share of people living below 50 percent of its median income. A staff report on estimating per capita gross national product gnp for operational purposes was discussed at a seminar of the executive directors on january 5, 1984. The data for gdp at purchasing power parity has also been rebased using the new international comparison program price surveys and extrapolated to 2007. Among the lowerincome group, greater dependence on nonrenewable natural resources is associated with both higher levels of income inequality and lower per capita gdp. The world bank systematically assesses the appropriateness of official exchange rates as conversion factors. Fundamentals of purchasing power parities world bank. Five objectives of the global action plan on amr, 201519 xxiii. Real gdp per capita is calculated by dividing gdp at constant prices by the population of a country or area. The estimates of gross national product gnp per capita in us dollars published in the world bank atlas are used throughout the world for comparing relative levels of income across countries. In the galor and zeira 1993 model, the mechanism that generates the nonlinear effect of income inequality on gdp per capita is human capital accumulation. In the galor and zeira 1993 model, the mechanism that generates the non linear effect of income inequality on gdp per capita is human capital accumulation.
Year to year changes in the nominal level of output or income of an economy are affected by a combination. Gdp per capita is often considered an indicator of a countrys standard of living. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the world bank group concerning the legal status. Official pdf, 430 pages world bank documents world bank group. Decomposing change in gdp per capita due to changes in output per worker. Gdp per capita current lcu india from the world bank. Nonrenewable resources, income inequality and per capita. Nonrenewable resources, income inequality and per capita gdp. Rankings include all 217 world bank atlas economies, but only those with confirmed gni per capita estimates for at least one year during last three year period. Estimation of a countrys gross domestic product shows the size of its. Costa ricas gdp per capita has tripled since 1960, reaching an average growth of 4. Graph and download economic data for constant gdp per capita for the republic of korea nygdppcapkdkor from 1960 to 2018 about korea, per capita, real, and gdp. Figure 1 democratic republic of the congo real gdp growth and contributions to real gdp growth figure 2 democratic republic of the congo actual and projected poverty rates and real gdp per capita source.
The world bank does not guarantee the accuracy of the data included in this work. Historical gdp per capita by country statistics from the. Download documentation of version 3 pdf version 3 is the version of the. Comparisons of national income are also frequently made on the basis of purchasing power parity ppp. A perfect score is 100, indicating that women are not legally discriminated against and have the same rights and opportunities as men. This page is a list of the countries of the world by gross domestic product at purchasing power. The data covers 26 expenditures categories for goods and services, and several indicators including purchasing power parities ppps, expenditure shares of gdp, total and per capita expenditures in us dollar both in exchange rate terms and ppp terms, and price level indices. Gdp per capita measures the value of everything produced in a country during a. Official pdf, 52 pages world bank documents world bank group. Official pdf, 144 pages world bank documents world bank group. World development indicators, the world bank data notes.
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