world GDP -per capita ranking by country
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Rank Country GDP - per capita (PPP) Date of Information
1 Bermuda $ 69,900 2004 est.
2 Luxembourg $ 55,600 2005 est.
3 Equatorial Guinea $ 50,200 2005 est.
4 Norway $ 42,400 2005 est.
5 United States $ 42,000 2005 est.
6 Guernsey $ 40,000 2003 est.
7 Jersey $ 40,000 2003 est.
8 British Virgin Islands $ 38,500 2004 est.
9 Hong Kong $ 37,400 2005 est.
10 Switzerland $ 35,300 2005 est.
11 Iceland $ 34,900 2005 est.
12 San Marino $ 34,600 2001 est.
13 Ireland $ 34,100 2005 est.
14 Denmark $ 33,400 2005 est.
15 Austria $ 32,900 2005 est.
16 Canada $ 32,900 2005 est.
17 Cayman Islands $ 32,300 2004 est.
18 Australia $ 32,000 2005 est.
19 Belgium $ 31,900 2005 est.
20 United Kingdom $ 30,900 2005 est.
21 Japan $ 30,700 2005 est.
22 Finland $ 30,600 2005 est.
23 Netherlands $ 30,600 2005 est.
24 France $ 30,000 2005 est.
25 Singapore $ 29,900 2005 est.
26 Germany $ 29,800 2005 est.
27 Sweden $ 29,800 2005 est.
28 United Arab Emirates $ 29,100 2005 est.
29 Isle of Man $ 28,500 2003 est.
30 Italy $ 28,400 2005 est.
31 European Union $ 28,100 2005 est.
32 Gibraltar $ 27,900 2000 est.
33 Monaco $ 27,000 2000 est.
34 Taiwan $ 26,700 2005 est.
35 Qatar $ 26,100 2005 est.
36 Spain $ 25,200 2005 est.
37 Falkland Islands (Islas Malvinas) $ 25,000 2002 est.
38 Liechtenstein $ 25,000 1999 est.
39 New Zealand $ 24,200 2005 est.
40 Andorra $ 24,000 2004 -
this is the 2005 nominal ranking.... PRC is ranked 110th, US $1,703....
the one u gave is PPP ranking.... singapore is lower cos our cost of living is higher, our money can buy less in singapore, hence a lower purchasing power... think before u post....
"Comparisons of national wealth are also frequently made on the basis of nominal GDP, which does not reflect differences in the cost of living in different countries. (See List of countries by GDP (nominal) per capita.) The advantages of using nominal GDP figures include that less estimation is required, and that they more accurately reflect the participation of the inhabitants of a country in the global economy. On the whole PPP per capita figures are more narrowly spread than GDP per capita figures.
Great care should be taken when using either set of figures to compare the wealth of two countries. Often people who wish to promote or denigrate a country will use the figure that suits their case best and ignore the other one, which may be substantially different, but a valid comparison of two economies should take both rankings into account, as well as utilising other economic data to put an economy in context."
1 Luxembourg 75,130
2 Norway 64,268
3 Iceland 53,472
4 Switzerland 50,524
5 Ireland 48,351
6 Denmark 48,000
7 Qatar 47,519
8 United States 42,101
9 Sweden 39,658
10 Netherlands 38,333
11 Austria 37,528
12 Finland 37,014
13 United Kingdom 36,599
14 Japan 35,787
15 Belgium 35,750
16 Canada 35,064
17 Australia 34,714
18 Germany 33,922
19 France 33,734
20 Italy 30,450
21 United Arab Emirates 28,582
22 Spain 27,226
23 Singapore 26,835
24 New Zealand 26,441
25 Kuwait 26,020
26 Hong Kong (PRC) 25,444
27 Cyprus 20,214
28 Greece 20,082
29 The Bahamas 18,526
30 Israel 18,266
31 Brunei 17,632
32 Portugal 17,439
33 Netherlands Antilles (Netherlands) 17,270
34 Slovenia 17,066
35 South Korea 16,422
36 Bahrain 16,153
37 Taiwan (Republic of China) 15,120
38 Malta 13,737
39 Saudi Arabia 13,316
40 Oman 12,495
41 Trinidad and Tobago 12,329
42 Czech Republic 12,106
43 Barbados 11,478
44 Hungary 11,217
45 Saint Kitts and Nevis 10,897
46 Antigua and Barbuda 10,522
47 Estonia 9,727
48 Slovakia 8,647
49 Seychelles 8,373
50 Croatia 8,345
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita -
my data from
http://www.cia.gov/cia/publications/factbook/rankorder/2004rank.html -
it's a PPP list written on top... dun use PPP, quote from anywhere also, cos things in hongkong are cheaper....Originally posted by hellomotosxq:my data from
http://www.cia.gov/cia/publications/factbook/rankorder/2004rank.html -
is it really cheaper?Originally posted by ^tamago^:it's a PPP list written on top... dun use PPP, quote from anywhere also, cos things in hongkong are cheaper....
hongkong's cost of living is almost the same as us, if not higher. -
I feel the same way tooOriginally posted by dragg:is it really cheaper?
hongkong's cost of living is almost the same as us, if not higher. -
hong kong is definately more expensiveOriginally posted by dragg:is it really cheaper?
hongkong's cost of living is almost the same as us, if not higher.
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cheaper in a sense that 1USD can buy more things than here...
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In economics, purchasing power parity (PPP) is an estimate of the exchange rate required to equalize the purchasing power of different currencies, given the prices of goods and services in the countries concerned. PPP exchange rates are used for a number of purposes, most notably to compare the standard of living of two or more countries. It is necessary because comparing the gross domestic products (GDP) using market exchange rates does not accurately measure differences in income and consumption. Market exchange rates fluctuate widely, and the purchasing power parity hypothesis suggests that the long run equilibrium value is that which yields purchasing power parity.
Comparing GDPs of different countries is done by using the method of converting national GDPs into dollars using purchasing-power parities (PPPs) instead of market exchange rates. The latter can distort the relative size of economies, not only because currencies fluctuate, but also because prices of non-traded goods and services are lower in poorer economies. For example, a US dollar of spending in China is worth a lot more than it is in the United States.
Estimation of purchasing parity is complicated by the fact that countries do not simply differ in a uniform price level; rather, the difference in food prices may be greater than the difference in housing prices or in the opposite direction of the difference in entertainment prices. Therefore, it is necessary to compare the cost of baskets of goods and services using a price index. This is a difficult task, since purchasing patterns and even the goods available to purchase differ across countries. It is necessary to make complex adjustments for differences in the quality of goods and services, a task undertaken by the International Comparisons Project. Additional statistical difficulties arise with multilateral comparisons when (as is usually the case) more than two countries are to be compared.
The differences between PPP and real exchange rates can be significant. For example, GDP per capita in China is about USD 1,500, while on a PPP basis, it is about USD 6,200. At the other extreme, Japan's nominal GDP per capita is around USD 37,600, but its PPP figure is only USD 31,400.
Where PPP comparisons are made over some interval of time proper account needs to be made of inflationary effects.
http://help.com/wiki/Purchasing_power_parity