World - Gross domestic product per capita based on purchasing-power-parity in current prices

19,645 (international dollars) in 2021

In 2022, GDP per capita based on PPP for World was 21,574 international dollars. GDP per capita based on PPP of World increased from 8,949 international dollars in 2003 to 21,574 international dollars in 2022 growing at an average annual rate of 4.78%.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or “numeraire” currency.

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What is World GDP per capita based on PPP?