income per capita malaysia

In our comparison over 68 countries the USA comes 7th with an average income of 70430 USD. High-income economies are those with a GNI per capita of 12736 or more.

Malaysia Gdp Per Capita Ppp Data Chart Theglobaleconomy Com

Comparisons of national income are also frequently made on the basis of purchasing power parity PPP.

. GDP per capita in Malaysia averaged 510398 USD from 1960 until 2021 reaching an all time high of 1139169 USD in 2019 and a record low of 123524 USD in 1960. GDP per capita is often considered an indicator of a countrys standard of living. The smallest budget per capita exists in Afghanistan.

For the current 2016 fiscal year low-income economies are defined as those with a GNI per capita calculated using the World Bank Atlas method of 1045 or less in 2014. Comparisons of national income are also frequently made on the basis of purchasing power parity PPP. This page provides the latest.

GDP per capita in Nigeria averaged 185035 USD from 1960 until 2021 reaching an all time high of 268827 USD in 2014 and a record low of 120140 USD in 1968. Definition Criteria and Countries. However this is inaccurate because GDP per capita is not a measure of personal income.

On dividing all annual incomes and profits by the amount of the countries population it will show the average income per. More Third World Countries. Middle-income economies are those with a GNI per capita of more than 1045 but less than 12736.

This page provides the latest. The GDP per Capita in Nigeria is equivalent to 19 percent of the worlds average. The Gross Domestic Product per capita in Malaysia was last recorded at 1082733 US dollars in 2021.

This article is a list of the countries of the world by gross domestic product GDP at purchasing power parity PPP per capita ie the PPP value of all final goods and services produced within a country in a given year divided by the average or mid-year population for the same year. The Gross Domestic Product per capita in Nigeria was last recorded at 242162 US dollars in 2021. However this is problematic because GDP per capita is not a measure of personal income.

Gross national income per capita 2021 Atlas method and PPP Purchasing Atlas power parity methodology international. A developed economy is one with sustained economic growth security high per capita income and advanced technological infrastructure. GDP per capita is often considered an indicator of a countrys standard of living.

The average income is calculated by gross national income and population. This is similar to nominal GDP per capita but adjusted for the cost of living in each country. The GDP per Capita in Malaysia is equivalent to 86 percent of the worlds average.

70 Malaysia 10930 70 Uruguay 22540 71 Mauritius 10860 71 Costa Rica 21800 72 Bulgaria 10720 72 Curaçao 21480 73.

Malaysia Gni Per Capita Ppp Current International 2022 Data 2023 Forecast 1990 2021 Historical