It brought together data of some 56 countries accounting for 93 per cent of the world output and 87 per cent of the world population and world exports. What is clear is that economic growth is a reality average income has increased by roughly a factor of ten over this period. Feb 20, 2020 this list contains projected gdp per capita nominal and ppp of top 50 countrieseconomies in current prices of year 2019 and 2020 by imf alongside their world rank, compare to world s average, gdp growth rate and gdp. The table has current values for gdp per capita ppp, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to. These figures have been taken from the international monetary funds world economic outlook weo database, april 2019 edition, world bank, or. Heres west german gdp per capita as a share of us gdp per capita. United kingdom, gdp, per capita economic data series fred. Statistics on world population, gdp and per capita gdp, 12008 ad horizontal file. Per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. This chapter builds upon the work by angus maddison and shows that the worlds average gdp per capita increased by a factor of 10 between 1820 and the 2010. The chart below shows global gdp per capita as constructed from the maddison database.
Per capita income increased fold, world gdp nearly 300fold. Figures are based on official exchange rates, not on the purchasing power parity ppp methodology. Constructed in 1729, the bank of ireland in dublin building was the original home of the irish parliament. Values are given in millions of united states dollars usd and. Map of countries by gdp per capita based on ppp, 2019. Us dollars capita 2018 united kingdom us dollars capita. We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. That makes it a good measurement of a countrys standard of living. It can apply to the average per person income for a city, region or country, and is used as a means of. The estimate of living standards that we used in figure 1. This list contains projected gdp per capita nominal and ppp of top 50 countrieseconomies in current prices of year 2019 and 2020 by imf alongside their world rank, compare to worlds average, gdp growth rate and gdp.
Gdp per capita in the united kingdom is expected to reach 43800. It tells you how prosperous a country feels to each of its citizens. Meditations on the city is the first urbanophile e book. Developing a comprehensive time series of gdp per capita for. And below is one of the many tables from this book.
List of countries by gdp ppp per capita simple english. British economic growth, 12701870 by stephen broadberry. Gdp measures the output of the economy in a given period, such as a year. These are lists of regions and countries by their estimated real gross domestic product gdp per capita in terms of purchasing power parity ppp, the value of all final goods and services produced within a countryregion in a given year divided by population size.
Gdp per capita ppp based is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. This page provides values for gdp per capita ppp reported in several countries. Gdp per capita the world factbook central intelligence agency. Learn how the world bank group is helping countries with covid19 coronavirus. Because i keep reading that people still believe that the usa is the wealthiest nation on earth and a first world nation, i did some research. List of countries by past and projected gdp ppp per capita. Other titles in the china update book series include. This graph shows the gdp of the detroit metro area from 2001 to 2018. List of regions by past gdp ppp per capita wikipedia. Gross domestic product gdp is a monetary measure of the market value of all the final goods and services produced in a specific time period. These two volumes bring together estimates of world gdp for the past 2000 years.
Values are given in usds and have not been adjusted for inflation. Purchasing power parity converted gdp per capita chain series for taiwan 2005 international dollars per person, annual, not seasonally adjusted 1951 to 2010 20120917 real gdp per capita in germany discontinued. Exports % of gdp 20002019 united kingdom red exports % of gdp 2019. The richest countries in the world can be measured by gdp per capita ppp. New graph i created looking at longterm growth of us gdp per capita, very similar to my earlier graph of us gdp. Mar 14, 2020 gdp per capita is a measure of a countrys economic output that accounts for its number of people. This video shows the top 20 countries with highest gdp ppp from 1980 to 2023. New annual gdp per capita data for six european countries over the last seven hundred years paint a clearer picture of the history of european economic development.
This is the measure most economists prefer when looking at per capita welfare and when comparing living conditions or use of resources across countries. The wealthiest 1st world nation is not the united states. The top 1% usually refers to the top income earners, which is unrelated to gross domestic product. It is a fascinating and stimulating work providing a complete coverage of the world economy during the period in question. This is a list of countries of the world sorted by their gross domestic product gdp.
Similarly, while chinas gdp is larger than that of the united states in gdp, its gdp per capita is about onefourth that of the us. List of countries by gdp ppp in the nineteenth century. After the fall of the roman empire, the west entered a recession that lasted about a millennium. In his 1995 book economics and world history, economic historian paul bairoch gave the following estimates in terms of 1960 us dollars, for gnp per capita. Rising on the plateau of tibet, the mekong flows generally southeast for 4,160 km 2,600 mi and empties into the south china sea through the large delta. The world sorted by their gross domestic product per capita at nominal values this is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current us dollars, divided by the average or. Over 2,000 years of economic history in one chart visual capitalist. The industrial revolution university of california, davis. Gdp per capita ppp compares gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Gdp nominal per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. With cash crops of tobacco, cotton and sugar cane, americas. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Gdp per capita of few european countries in 1939, 1990 and 2016. United kingdom gross domestic product gdp per capita 2024.
Gdp per capita at 2007 constant prices thousand aed 271. It is also worth keeping in mind that this change has happened while the world population increased 5fold. The graph above is an economic history of the world, after 1 ad, from a research letter written by michael cembalest, chairman of market and investment strategy at jp morgan. Gdp per capita dollar international dollar estimates here are derived from ppp estimates. Gdp is the total value of all goods and services produced in a country in.
Gdp per capita is often considered an indicator of a countrys standard of living. Aug 06, 2018 this question doesnt really have an answer. Data learn how the world bank group is helping countries with covid19 coronavirus. This is an alphabetical list of countries by past and future gross domestic product per capita, based on the purchasing power parity ppp methodology, not on official exchange rates.
Income is a noneconomic and arbitrary measurement of the amount of money that an individual or oth. List of countries by gdp nominal per capita youtube. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. Thailand gross domestic product gdp per capita 2024. This section of the statistical book includes detailed statistics on macroeconomic variables, which accurately monitor the most important economic developments, thus contributing to provide a true picture of the. Gdp per capita is a measure of a countrys economic output that accounts for its number of people. The description is composed by our digital data assistant. Slavery was so profitable, it sprouted more millionaires per capita in the mississippi river valley than anywhere in the nation. The maddison project has been initiated in march 2010 by a group of close colleagues of angus maddison, with the aim to support an effective way of cooperation between scholars to continue maddisons work on measuring economic performance for different regions, time periods and subtopics. These are lists of countries in the nineteenth century by their estimated real gross domestic product gdp in terms of purchasing power parity ppp, the value of all final goods and services produced within a countryregion in a given year. World bank national accounts data, and oecd national accounts data files. Maddison historical statistics historical development.
Nov 26, 2019 gross domestic product gdp per capita of the united kingdom uk in current prices from 1984 to 2024 in u. List of countries by past and projected gdp nominal per. Using the purchasing power parity ppp value of all final goods shows the true value of a dollar. List of countries by gdp nominal per capita simple. Gdp is the total market value of all final goods and services produced in a country in a given year. Purchasing power parity converted gdp per capita chain series for united kingdom 2005 international dollars per person, annual, not seasonally adjusted 1950 to 2010 20120917 purchasing power parity converted gdp per capita laspeyres, derived from growth rates of consumption, government consumption, investment for united kingdom.
How slavery became the economic engine of the south history. This page provides values for gdp per capita reported in several countries. Seven centuries of european economic growth and decline1 roger fouquet and stephen broadberry this paper investigates very long run preindustrial economic development. Around 1780 came the industrial revolution in england. In this chart we see the average daily supply of calories measured in kilocalories per person per day by world region, from 1961 to 20. A nations gdp at purchasing power parity ppp exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the united states in the year noted. List of countries by gdp nominal per capita list of countries by gdp nominal per capita. It became a soviet satellite state following the war. This is an alphabetical list of countries by past and projected gross domestic product nominal as ranked by the imf. Jul 14, 2019 income per capita is a measure of the amount of money earned per person in a certain area. This lowoblique photograph shows the lower mekong river and its vast delta. Longterm real growth in us gdp per capita 18712009.
Gdp per capita since 1820 since 1820, the world economy experienced spectacular growth in output and income. East asiasoutheast asia vietnam the world factbook. The ranking includes superpowers, such as united states, china. Gdp per capita since 1820 introduction economic wellbeing peoples command over produced goods and services can be assessed in an historical perspective through measures of gross domestic product gdp per capita, which is the natural point of departure for any historical investigation of wellbeing. It divides the countrys gross domestic product by its total population. Bolivia gdp per capita ppp historical data graphs per. The top 5 countries also includes macau, luxembourg, singapore, and ireland. Following the 1801 act of union that abolished the irish parliament and placed ireland under the direct rule of london, the building was sold to the bank of ireland in 1803. Historical statistics gdp growth before 1820 western europe. The gross domestic product gdp in gambia was worth 1. The office of public affairs opa is the single point of contact for all inquiries about the. For rankings regarding wealth, see list of countries by wealth per adult.
Seven centuries of european economic growth and decline. Gdp is the worth of all goods and services made in a country in a year. Jan 22, 2020 gdp per capita is calculated by dividing gdp by midyear population. By 1500, though, new centres of prosperity had emerged. Poland regained its independence in 1918 only to be overrun by germany and the soviet union in world war ii. Changes in per capita carbon dioxide emissions in selected countries and regions, 19712015 metric tonnes. For thousands of years, economic progress was largely linear and linked to population growth. The best books on gdp five books expert recommendations. Qatar is the top country by gdp per capita based on ppp in the world.
List of countries by gdp nominal per capita wikipedia. This is an alphabetical list of countries by past and future gross domestic product per capita, based on official exchange rates, not on the purchasing power parity ppp methodology. For all the hundreds, and really thousands, of years before 1870, the average gdp per capita was even lower. Between 1969 and 2018, gdp per capita of world grew substantially from 751 to 11,312 us dollars rising at an increasing annual rate that reached a maximum of 19. Historical statistics is a landmark book by angus maddison. Aug 30, 2019 per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. Total us dollars capita 19992018 united kingdom red, oecd total black total us dollars capita 2018 united kingdom red trade in goods and services indicator. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. In the last two hundred years in the most fortunate countries real incomes per capita rose 1015 fold.
Jun 07, 2012 for the love of physics walter lewin may 16, 2011 duration. However this method is not desired to calculate the health of a country. The figures in this book are enriching economists understanding of what make. United kingdom gdp per capita 19602018 data 20192020. As of 2019, gdp per capita based on ppp in qatar was 2,886 international dollars. During the 18th century, internal disorders weakened the nation, and in a series of agreements between 1772 and 1795, russia, prussia, and austria partitioned poland among themselves. The following estimates of per capita income of the world was made by angus maddison emeritus professor, university of groningen, 1999 in his article poor until 1820. Nov 26, 2019 the statistic shows gross domestic product gdp per capita in thailand from 1984 to 2018, with projections up until 2024. This is a list of countries of the world sorted by their gross domestic product gdp per capita.
To make meaningful comparison, ppp is used to compare economies and incomes of people by adjusting for differences in prices in different countries. In the longterm, the united kingdom gdp per capita is projected to trend around 44100. List of countries by past and projected gdp nominal. Jul 30, 2012 gross domestic product gdp per capita is the most widely used indicator for countrylevel income and has been used in modeling health outcomes, mortality trends 12, causespecific mortality estimation, health system performance and finances,14, and several other topics of interest. Gdp per capita is a measure of average income of an individual in a country by dividing the total number of people with gdp. The united states bureau of economic analysis bea defines gdp by state. Featuring comprehensive estimates of population, land use, agricultural production, industrial and servicesector production and gdp per capita, as well as analysis of their implications, this will be an essential reference for anyone interested in british economic history and the origins of modern economic growth more generally. So, if you just looked at gdp per capita, then japan and britain were more or less the same.
The following are the world s wealthiest countries by gross domestic product at purchasing power parity per capita. These figures have been taken from the international monetary funds world economic outlook weo database, october 2019 edition. In 2018, gdp per capita for world was 11,312 us dollars. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for gdp per capita ppp. The gross domestic product gdp per capita figures on this page are derived from ppp. Purchasing power parity means how much money would be needed to buy the same item in two different countries. Incomes per capita began a sustained growth in a favored group of countries around 1820. Per capita gdp growth rates prior to 1820 in maddison 2001 are unchanged for germany, greece, the netherlands, portugal, spain, sweden and small territories, but levels for 15001700 for these countries are affected by the amendments for 1820. This data is annually available and is updated by the fao, extending back until 1961. What would be the uss gdp per capita if the top 1% was not.