List of countries by GDP (PPP) per capita
This is a list of countries and dependent territories ranked by their Gross Domestic Product (GDP) at purchasing power parity (PPP) per capita. GDP (PPP) is the gross domestic product converted to international dollars using purchasing power parity rates. An international dollar is a hypothetical unit of currency that has the same purchasing power parity as the U.S. dollar in the United States.
This metric is often used to compare the standard of living between different countries because PPP takes into account the relative cost of local goods, services, and inflation rates of the country, rather than using international market exchange rates, which can distort real differences in income.
Several sources publish such data, including the International Monetary Fund (IMF) and the World Bank. They generally use different methodologies, base years, and revise their data periodically. Therefore, rankings and figures may vary depending on the source and year.
It is important to note that GDP (PPP) per capita is an average and does not reflect the distribution of income within a country. A high GDP (PPP) per capita does not necessarily mean that all citizens have a high standard of living, as income inequality can be significant. Other factors, such as access to healthcare, education, and social services, also contribute to the overall well-being of a population.
Furthermore, these figures are estimates and subject to revisions. They should be interpreted with caution and used in conjunction with other economic and social indicators for a comprehensive understanding of a country's economic situation. Comparisons between countries should also consider the limitations of the data and the methodologies used to compile them.