GDP per Capita (PPP): Gross domestic product per capita adjusted by purchasing power parity (PPP) - Last 12 Months

GDP per Capita (PPP) is a measure that takes into account purchasing power parity to assess the gross domestic product (GDP) per person in a country. It provides insights into the relative standard of living and economic well-being of individuals. Monitoring this measure helps in understanding the variations in living standards and economic conditions across different countries.

In January 2020, Qatar, Macau, and Luxembourg were the top three countries with the highest GDP per Capita (PPP) values. Qatar had an index value of 130,475, followed by Macau with 116,808 and Luxembourg with 106,705. On the other hand, the Democratic Republic of the Congo (DR Congo), Burundi, and the Central African Republic had the lowest GDP per Capita (PPP) values at 767, 733, and 712, respectively.

Moving to January 2021, Luxembourg claimed the first position with a GDP per Capita (PPP) index value of 121,293. Singapore ranked second with 101,376, and Qatar secured the third position with 96,491. Malawi, the Central African Republic, and Burundi remained among the countries with the lowest GDP per Capita (PPP) values, indicating economic challenges and lower standards of living.

In January 2022, Luxembourg maintained its top position with an index value of 118,002. Singapore followed closely with 97,057, and Ireland secured the third position with 94,392. The Central African Republic, Somalia, and Burundi continued to face significant economic challenges with low GDP per Capita (PPP) values.

GDP per Capita (PPP) is an important measure for assessing the economic well-being and living standards of individuals within a country. It considers the purchasing power of the local currency, providing a more accurate representation of the relative purchasing capacity and quality of life. This measure is valuable for comparing economic conditions and identifying disparities between different nations.