Gross World Product per capita

Gross world product per capita is obtained by adding the GDP of each of the countries and dividing the total GDP by the combined population of these countries.

GDP per capita of the World, comprising 193 economies, in 2021 is projected at US$12,167 in nominal terms, obtained by data from IMF. This figure is almost $1,110 more than compared to 2020. Global GDP per capita in terms of PPP has forecasted around Int$18,400, Int. $1,180 up compared to 2020. Per capita income in ppp, which gives better estimates about the living standard, is 151% of the nominal.

During three years, global per capita income grew by over 4%, with the highest growth rate of 4.57 percent in 1964. Global gdp per capita contracted for five years with the lowest of -2.9% in 2009.

In constant 2017 prices in ppp terms, which gives the best idea about improvement in living standards over the years, people of the world has become richer by 75% from Int$9,680 in 1990 to Int$16,911 in 2019, as estimated by the world bank comprising more than 200 economies. In the nominal method at 2011 prices, humans have become richer by 195% since 1960.

Nominal: The year 2011 and 2010 was the best year at current and constant prices, respectively. The year 2015 and 2009 was the worst year at current and constant prices, respectively.

PPP: The year 2010 was the best year for the world when its figure had improved by Int$507 at constant 2017 prices, next year of the worst 2009 when it had declined Int$255. At current prices, 2018 and 2009 was the best and worst year respectively.