![]() ![]() ![]() On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. ( See List of countries by GDP (PPP) per capita.) PPP largely removes the exchange rate problem but not others it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. 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.Ĭomparisons 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. ![]() Therefore, these figures should be used with caution. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. ![]() The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. ![]()
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