WebGDP per capita of United States in nominal and ppp terms. )$1.488 billion (2019 est. States with the lowest RPPs were Mississippi (87.8), West Virginia (88.0), and Arkansas (89.2). )$31.188 billion (2020 est. WebTwo measures of GDP per capita 1999, OECD 30 = 100 Based on PPPsBased on exchange rates United States European Union Korea Mexico It is to be noted in passing that market exchange ratesare particularly ill-suited for comparisons of living stand-ards. This is because the CPI deflators are calculated directly, while the IRPDs are indirect estimates based on CPI and ACS price levels and PCE expenditure weights. )note: data are in 2017 dollars, $4.141 billion (2021 est. )note: data are in 2017 dollars, $72.238 billion (2021 est. )note: data are in 2017 dollars, $18.369 billion (2021 est. )note: data are in 2017 dollars, $904.057 million (2021 est. They were placed on your computer when you launched this website. )$669.095 million (2020 est. Implicit regional price deflator is the product of the RPP times the national PCE price index. )note: data are in 2017 dollars, $888.165 million (2021 est. )note: data are in 2017 dollars, $48.175 billion (2021 est. )$14.693 billion (2020 est. Click the charts or button below to see more charts showing the world economy of today and how it could look in 2030. For reference, the United States GNI per capita is $70,480, while the average GNI per capita worldwide is $18,511, more than 7.5 times the highest figure on the list. Real U.S. per capita income in 2020 was $53,504, representing a 12.8% increase since 2015, when it stood at $47,414. )note: data are in 2017 dollars, $51.244 billion (2021 est. GNI per capita based on PPP of United States of America )note: data are in 2015 US dollars, $1.706 billion (2021 est. )$145.591 million (2019 est. )$1.303 billion (2020 est. Alaska (1.6 percent) and Oklahoma had the smallest increases in real personal income. )$78.28 billion (2016 est. )$427.715 billion (2019 est. )$33.832 billion (2019 est. )$341.855 billion (2020 est. )note: data are in 2017 dollars, $496.126 billion (2021 est. Often when you look up incomes by state, the data is actually showing the nominal household income, rather than what an individual person is earning. )$106.28 billion (2020 est. This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. )$597.165 billion (2019 est. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. )$134.8 billion (2016 est. )note: data are in 2017 dollars, $444.624 billion (2021 est. )note: data are in 2017 dollars, $18.875 billion (2021 est. Today, the U.S Bureau of Economic Analysis (BEA) released official statistics of real state personal consumption expenditures (PCE) for the first time. )note: data are in 2015 dollars, $219.839 billion (2021 est. )note: data are in 2017 dollars, $578.254 billion (2021 est. )$35.007 billion (2020 est. )see entry for the West Bank, $57.434 billion (2021 est. Glossary | DataBank United States The economy of United States has grown at an average annual growth rate of 1.8% in the last four years and is ranked the 1st largest economy in Americas, ahead of Brazil. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country As currency needed to purchase in country A the same quantity of a specific good or service as one unit of country Bs currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. Across states, the percent change in real personal income ranged from 9.8 percent in Idaho to 1.6 percent in Alaska (table 1). )$5.514 billion (2015 est. )$344.324 billion (2019 est. Got a confidential news tip? )$47.649 billion (2020 est. )note: data are in 2017 dollars, $103.007 billion (2021 est. @huff_joelsymnds @LibertyCappy "The Per capita income of the United States is 5.78 and 3.61 times higher than that of China in nominal and PPP terms, )$887.393 million (2020 est. Prospective buyers are welcomed by real estate agents at an open house in West Hempstead, New York on April 18, 2021. )$40 billion (2013 est. )$904.912 billion (2019 est. )note: data are in 2017 dollars, $1.917 billion (2020 est. In both states, the implicit regional price deflator decreased. 2021 source data is projected forward for 2022 using the latest IMF growth estimates. Data from unstats.un.org, eia.gov, www2.census.gov. )$141.445 billion (2020 est. )note: data are in 2017 dollars, $339.472 billion (2021 est. )$3.451 billion (2014 est. )$77.996 billion (2020 est. The economy of United States has grown at an average annual growth rate of 1.8% in the last four years and is ranked the 1st largest economy in Americas, ahead of Brazil. ), $8.481 billion (2021 est. )note: data are in 2017 dollars, $92.331 billion (2019 est. Personal consumption expenditures (PCE) at RPPs is current-dollar PCE divided by the price parity2 for a given year and region. )$60.259 billion (2020 est. )$34.493 billion (2020 est. )$134.049 billion (2019 est. )$387.407 million (2020 est. )note: data are in 2017 dollars, $24.49 billion (2021 est. )$18.191 billion (2019 est. )$1.204 trillion (2020 est. )$28.127 billion (2019 est. )$861.341 million (2019 est. )$2.647 billion (2020 est. )$2.854 trillion (2020 est. )$96.945 billion (2020 est. )note: data are in 2017 dollars, $58.991 billion (2021 est. )note: data are in 2017 dollars. "There are potential distortions and spillover effects that are affecting other people in the community.". Dublin has the highest per-person income, at $115,094. The description is composed by our digital data assistant. )$1.26 trillion (2020 est. The price level is determined by the average prices paid by consumers for the mix of goods and services consumed in each region. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. The average value for the USA during that period was 52100.23 U.S. dollars with a minimum of 39876.02 U.S. dollars in 1991 and a maximum of 63669.71 U.S. dollars in 2021. )$3.197 trillion (2019 est. It's not zero, say experts, Here's how workers use side gigs to make ends meet while unemployed. )$90.63 billion (2015 est. )note: data are in 2017 dollars, $21.132 trillion (2021 est. )$35.645 billion (2019 est. )note: data are in 2017 US dollars, $790.625 billion (2021 est. )note: data are in 2017 dollars, $32.856 billion (2021 est. )$25.943 billion (2020 est. )note: data are in 2017 dollars, $3.048 trillion (2021 est. And previous research from the University of Texas at Austin team flagged $117.3 billion of the funds as "suspicious lending. Per capita The expenditure weights for each category are constructed using BEA PCE and Census ACS housing rents expenditures.2, The CPI price levels and the ACS housing rents are combined with the expenditure weights using a multilateral aggregation method that expresses a region's price level relative to that of the United States.3. WebGDP per capita of United States in nominal and ppp terms. In South Dakota, for example, the difference between the two is only $867. )note: data are in 2017 dollars, $72.577 billion (2021 est. ), $32.34 billion (2021 est. The top 5 countries also includes Singapore, Ireland, Qatar, and Switzerland. This is a BETA experience. A nation's 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. )note: data are in 2014 dollars, $314.427 billion (2021 est. )$53.57 million (2020 est. )note: data are in 2017 dollars, $4.078 trillion (2021 est. It is equal to current-dollar PCE divided by real PCE. )$936.113 billion (2020 est. )$4.98 billion (2014 est. )$174.388 billion (2019 est. )$33.382 billion (2019 est. True False True )$191.7 million (2008 est. )note: data are in 2017 dollars, $1.211 trillion (2021 est. )$884.192 million (2020 est. ), $2.001 billion (2014 est. Regional Price Parities and Implicit Regional Price Deflators, by State, 2020, Table 3. )$14.225 billion (2019 est. It's not zero, say expertsHere's how workers use side gigs to make ends meet while unemployed, A historic pandemic-era relief program, PPP distributed more than $793 billion between April 2020 and May 2021. )$538.164 billion (2019 est. )$183.2 million (2015 est. )$40.384 billion (2019 est. )note: data are in 2017 dollars, $126.352 billion (2021 est. A Division of NBCUniversal. )note: data are in 2017 dollars, $4.599 billion (2021 est.) National Differences in Economic Development )note: data are in 2017 dollars, $40.822 billion (2021 est. Areas with high/low RPPs typically correspond to areas with high/low price levels for rents. note: data are in 2017 dollars$3.725 billion (2019 est. )note: data are in 2017 dollars, $9.702 billion (2017 est. )$2.989 trillion (2020 est. )note: data are in 2017 dollars, $1.319 trillion (2021 est. )$318.662 billion (2019 est. )$172.198 billion (2020 est. United States )$13.061 billion (2020 est. )$3.361 billion (2020 est. However, government aid may have also contributed to that growth, including higher rates of fraudulent PPP loans in certain areas, according to the new research. )note: data are in 2017 dollars, $3.246 trillion (2021 est. The annual estimates of state and metropolitan area real personal income for 2008 to 2019 were revised. )$40.537 billion (2020 est. )$661.233 billion (2019 est. )$50.894 billion (2020 est. The update includes the results of the July 2021 annual update of the National Income and Product Accounts, the September 2021 annual update of the state personal income statistics, and the November 2021 annual update of local area personal income statistics. )$70.45 billion (2020 est. )$162.7 million (2009 est. . 1870, 1871, 1872, 1873, 1874, 1875, 1876, 1877, 1878, 1879, 1880, 1881, 1882, 1883, 1884, 1885, 1886, 1887, 1888, 1889, 1890, 1891, 1892, 1893, 1894, 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, Environmental, Social & Governance Indexes, See how much you can trust United States's GDP Data, 1 Ivory Square, Plantation Wharf, London, SW11 3UE. )note: data are in 2017 dollars, $184.482 billion (2021 est. PPP Find out how good a country could be if it upgraded it's GDP data. )note: data are in 2017 dollars, $653.067 billion (2021 est. )$47.708 billion (2020 est. )$23.909 billion (2020 est. The rents data are from the ACS Public Use Microdata Sample, and results incorporate BEA's new method for estimating housing services across the regional and national accounts (for more information, see the May 2021 issue of the Survey of Current Business). USA GDP per capita, PPP )note: data are in 2017 dollars, $13.597 billion (2021 est. )$103.876 billion (2020 est. Real Personal Income, by Metropolitan Area, 20192020, Table 4. )$54.89 billion (2019 est. )note: data are in 2017 dollars, $167.4 million (2011 est. )$281.049 billion (2020 est. )note: data are in 2017 dollars, $19.739 trillion (2021 est. )note: data are in 2017 dollars, $884.106 billion (2021 est. )note: data are in 2017 dollars, $137 billion (2017 est. Gross domestic product (GDP) per capita (in PPP dollars) in )note: data are in 2017 dollars, $1.001 trillion (2021 est. Here are the 10 states with the lowest per capita incomes: In Mississippi, the nominal per capita income is $1,155 lower than the corresponding real per capita income in the state, $42,129 versus $43,284. Top 10 Countries By GDP Per Capita, by Region - Visual Capitalist )$1.544 trillion (2020 est. )$804.634 billion (2019 est. )$753.6 billion (2020 est. In other words, the purchasing power of the two incomes is equivalent when adjusted by their respective RPPs. )note: data are in 2017 dollars, $1.44 billion (2018 est.) )$537.341 billion (2020 est. ), $26.779 billion (2021 est. )$4 trillion (2019 est. )note: data are in 2017 dollars, $1.223 trillion (2021 est. )note: data are in 2017 dollars, $146.323 billion (2021 est. )$233.852 billion (2020 est. ), $109.26 billion (2021 est. )note: data are in 2017 dollars, $5.793 billion (2016 est. )note: data are in 2017 dollars, $249.636 billion (2021 est. )note: data are in 2017 dollars, $1.211 billion (2021 est. $60.803 billion (2021 est. )note: data are in 2017 dollars, $207.082 billion (2021 est. )$162.328 billion (2019 est. ), $1.279 trillion (2021 est. )note: data are in 2017 dollars, $51.531 billion (2021 est. )$134.2 billion (2015 est. However, we cant compare these two per capita figures since they are in different unitsdollars and yuan. )note: data are in 2017 dollars, $20.01 billion (2017 est. )$45.063 billion (2020 est. Between $20 and $25 million in PPP relief )$2.322 trillion (2020 est. )$25.19 billion (2019 est. )$38.923 billion (2019 est. )$86.859 billion (2018 est. WebDefinition 1 / 45 True Click the card to flip Flashcards Test Created by vchencat Terms in this set (45) The purchasing power parity for different countries is adjusted (up or down) depending upon whether a country's cost of living is lower or higher than the cost of living in the United States. )$22.493 trillion (2019 est. )note: data are in 2017 dollars, $43.17 billion (2021 est. )note: data are in 2017 dollars, $23.924 billion (2021 est. )$362.632 billion (2020 est. )$34.615 billion (2019 est. )$581.272 billion (2019 est. states Real GDP per capita )$181.605 billion (2019 est. Per Capita ), $152.734 billion (2021 est. )$607.619 billion (2019 est. )$24.49 billion (2019 est. )$1.032 trillion (2019 est. But another factor may have contributed to rising home costs in certain markets fraudulent claims from the Covid-era Paycheck Protection Program, or PPP, according to new research. There are 22 states that have real per capita incomes that exceed the U.S. per capita income average of $53,504. Read on to find out real per capita income by state. )$2.24 billion (2014 est. )note: data are in 2017 dollars, $78.121 billion (2021 est. )note: data are in 2017 dollars, $249.64 million (2021 est. )note: data are in 2017 dollars, $72.267 billion (2021 est. )note: data are in 2017 dollars, $588.451 billion (2021 est. )note: data are in 2017 dollars, $390.165 billion (2021 est. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. United States of America )note: data are in 2017 dollars, $91.759 billion (2021 est. What are PPP adjustments and why do we need them? )$31.874 billion (2020 est. )note: data are in 2017 dollars, $3.595 billion (2021 est. )$252.582 million (2019 est. Regional price parities (RPPs) are regional price levels expressed as a percentage of the overall national price level for a given year. )note: data are in 2017 dollars, $2.418 trillion (2021 est. 185. )note: data are in 2017 dollars, $375.055 million (2021 est. Real Personal Consumption Expenditures and Personal Income Testimony by Jeffrey Brown Deputy Assistant Inspector )$7.428 billion (2014 est. )$74.852 billion (2020 est. )$32.471 billion (2019 est. The RPP BEA has developed compares regions within the United States, without the need for currency conversion. Implicit regional price deflator. United States GDP Per Capita | 2020 | Real PPP - World Economics "It's not just that you're stealing money from the government," Kruger said. )$1.41 billion (2020 est. )$29.262 billion (2019 est. )note: data are in 2017 dollars, $3.774 billion (2021 est. )$35.511 billion (2020 est. FRED: Download, graph, and track economic data. WebUnited States GDP per Capita was INT$$63,950 for 2020 in PPP terms. )$6.963 billion (2015 est. )$248.972 billion (2019 est. )$517.968 billion (2020 est. )note: data are in 2017 dollars, $123.348 billion (2021 est. )note: data are in 2017 dollars, $149.474 million (2021 est. WebThe table below is an imperfect attempt at assessing United States's Income per capita level (proxied as World Economics GDP per capita) and United States's Asset wealth per The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller. )note: data are in 2017 dollars, $270.062 billion (2021 est. )$3.893 trillion (2020 est. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland.

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