![]() ![]() ![]() * Nearly all country links in the table connect to articles titled "Income in (country or territory )" or to "Economy of (country or territory )". The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by either of the sources. The darker the shade, the higher the value. The shade of the country corresponds to the magnitude of the indicator. the number 0 economy in terms of GDP per capita (current US) and the. Description: The map displayed here shows how Oil consumption per capita varies by country. dollar in the United States.Īll figures are in current international dollars, and rounded to the nearest whole number. Import Data from the Census Bureau in 2019 Top 5 oil producing countries 1980-2020. GDP (PPP) and GDP (PPP) per capita are usually measured by international dollar, which is a hypothetical currency that has the same purchasing power in every economy as the U.S. This is why GDP (PPP) per capita is often considered one of the indicators of a country's standard of living, although this can be problematic because GDP per capita is not a measure of personal income. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution.Ĭomparisons of national wealth are frequently made on the basis of nominal GDP and savings (not just income), which do not reflect differences in the cost of living in different countries ( see List of countries by GDP (nominal) per capita) hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income. Such calculations are prepared by various organizations, including the IMF and the World Bank. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. The United States topped the list with a production of 18,875,000 barrels per day (bpd. 3 All data are in current United States dollars. The top five oil-producing nations in 2022 were the United States, Saudi Arabia, Russia, Canada, and China. ![]() Examples include Bermuda, the Cayman Islands, Ireland, and Luxembourg. For rankings regarding wealth, see list of countries by wealth per adult. Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. In 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. This is similar to nominal GDP per capita, but adjusted for the cost of living in each country. A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. Lithuania, known for its picturesque landscapes and rich agricultural heritage, boasted a food production per capita of 3.4 metric tons per person in 2021. ![]()
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