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GDP per capita (nominal) is a raw figure that does not take into account the differences in the cost of living between one country and another. In contrast, GDP per capita (PPP) factors in each country’s relative cost of living and inflation rate.
Purchasing Power Parity (PPP) is a monetary conversion rate used to enable country-to-country comparisons of economic indicators including Gross Domestic Product (GDP), Gross National Income (GNI), GDP per capita, and GNI per capita.
Which country has highest GNI per capita? According to the Atlas method, Bermuda, which has a GNI of 122,470, has the highest GNI per capita. However, when using the 2021 PPP method, Singapore has the highest GNI at 102,450.
World Bank tracks a number of income- and poverty-related metrics, including GDP per capita, GNI per capita, GINI coefficient per country, and median income. As of March 2021, the 10 countries with the highest median incomes ranked are below.
Brazil has the world’s 73rd highest per capita GDP of $8,967 and a GDP (PPP) of $2.40 trillion. The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron.
Typically used to determine the stability and health of a nation's economy, debt-to-GDP ratio is expressed as a percentage and offers an at-a-glance estimate of a country's ability to pay back its current debts. It is typically evaluated alongside related metrics such as GDP per capita, GDP growth, GNP, and GNI per capita.
GNP/GNI vs. GDP. Although GNI/GNP and GDP are similar (as are GNI per capita and GDP per capita), a key difference exists between the two: GDP represents the value of goods and services produced within a country’s geographical borders regardless of which country profits from that production, whereas GNP/GNI represents the value of all goods ...
GDP per capita is a common measure of a country's wealth, but it does not always correspond to the average income of its citizens. Luxembourg, Bermuda, and Ireland rank highest in GDP per capita, indicating significant national wealth.
Chile is South America's richest country when using GDP per capita. Uruguay ranks as the wealthiest when using GNI per capita. Brazil is the richest in total GDP.
In all high-income countries with available data, health care spending per capita increased in 2021 from the prior year. In the U.S., per capita health care expenses increased by 2.6%, less growth than in Austria, France, Germany, the Netherlands, Sweden and the United Kingdom.