Per capita means per person. 4.) Help us improve this site Help / Feedback. Most Recent Value. There are large differences in “official” GDP per capita across Africa although, as this report makes clear, the data are highly suspect and almost certainly under, rather than over, estimates of GDP per capita. The slaves who founded the country took their inspiration from the federal model of … The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron. This would be because the country/region listed has a small population, and therefore small total economy; the GDP is calculated as the population times market value of the goods and services produced per person in the country. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. This would be because the country/region listed has a small population, and therefore small total economy; the GDP is calculated as the population times market value of the goods and services produced per person in the country. Updated country income classifications are available here.. These countries/regions could appear in this list as having a small GDP. Brazil is also the largest and most populous nation in Latin America. Most Recent Year. This is a list of African countries by GDP per capita at Purchasing Power Parity. List of african countries by gdp (ppp) per capita wikipedia, the All Countries and Economies. 2010 ranks are compared with (2005 figures in the brackets). This page provides values for GDP per capita reported in several countries part of Africa. Such calculations are prepared by various organizations, including the IMF and the World Bank.As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so … Niger – GDP per capita: $853.43. This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Figures are given in international dollars according to the International Monetary Fund.. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita PPP. Purchasing power parity means how much money would be needed to buy the same item in two different countries. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. GDP (PPP) per capita data are in 2010 US Dollars. The darker the shade, the higher the value. Brazil is a developing free-market economy. statisticstimes.com/economy/countries-by-gdp-capita-ppp.php Million Cities Minefield: Africa. 2. Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Country. And about 60 per cent of the GDP of this country comes from agriculture. 2019 in this case). Gross domestic product (GDP) dollar estimates are derived from purchasing power parity (PPP) calculations, per capita.Such calculations are prepared by various organizations, including theInternational Monetary Fund and the World Bank.As estimates and assumptions have to be made, the results produced by different organizations for the same country tend to differ, sometimes substantially. Random geography or country Quiz Can... 10 most Populous African countries by GDP per capita in. Sectors of economy for each country is bolded ( PPP ) per capita the GDP capita. 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