Top 10 Country GDP Per Capita Ranking History (1990-2020) | World's Richest Countries | Trendy Facts
Now a days, GDP allows economists to compare economic productivity and standards of living between countries.
GDP is the gross domestic product or the total economic output of a country. that is, the amount of money a country makes. GDP per capita is the total output divided by the number of people in the population. so you can get a figure of the average output of each person, that is, the average amount of money each person makes.
But there is a catch! The two most common ways to measure GDP per capita are nominal and purchasing power parity (abbreviated PPP). Nominal is an attempt at an absolute measure, a sort of immovable standard that remains the same from country to country. In contrast, PPP is an attempt at a relative measure, taking factors of each country into consideration in order to put a number on a person’s standard of living within that country.
Here we will measure nominal GDP per capita.
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This dynamic graph shows the Top 10 countries with the highest GDP per capita(Nominal) from 1991 to 2020.
For the year, 2020 we have mentioned the projected figures, not the actual one. As during the time we were making this video, official data was not published.
Here all the data is represented, in USD($).
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