GNI per capita is a measurement of the total income received by that country over the course of a year. Although the GNI per...
GDP per capita is the number you get when you divide the country’s GDP by its population. Like the name says, it gives you the average GDP “per head” or person. It roughly shows the economic output of every person in the country. Calculating GDP per capita of a country can show h...
represent the standard of living is GNI per capita based onpurchasing power parity (PPP), a common metric used to reflect average income. The standard of living is normalized so that it is equal to one when the GNI per capita is $75,000 and equal to zero when the GNI per capita is ...
gross national product (GNP), andgross national income (GNI). The GDP is widely used for economic analysis on the domestic level and represents the total market value of the goods and services produced within a specific nation over a selected period of time....
Another problem with labels like “first world” and “third world” is that they’re overly simplistic. For example, the United States has long been considered part of the first world. Although it has a high GDP per capita, it also scores a relatively high 41.4 on the Gini index, a me...
If the measure is GNP (PPP) or GNI (PPP) the standings change somewhat. In particular, Luxembourg falls from first place to third when GNI is the measure. I believe that is due to the importance of Luxembourg as a financial switching center due to their favorable tax rules for holding co...
GNI per capita is a measurement of the total income received by that country over the course of a year. Although the GNI per...
because it has a high GNI per capita. But it might have achieved that high GNI by marginalizing certain genders or ethnic classes. Alternatively, a high GNI can be due to a small, highly wealthy percentage of the population, which would ignore that the majority of the population is still ...