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 195 economies, in 2024 is projected to be around US$13,810 in nominal terms, obtained by data from the IMF. This figure is almost $542 more than compared to 2023. Global GDP per capita in terms of PPP is forecast to be around Int $23,149, Int. $948 up compared to Int. $22,201 in 2023. Per capita income in ppp, which gives better living standard estimates, is 168% of the nominal.

During three years, global per capita income grew by over 4%, with the highest growth rate of 5.12 percent in 2021. Global gdp per capita contracted for six years with the lowest of -4.04% in 2020.

In constant 2017 prices in ppp terms, which gives the best idea about improvement in living standards over the years, people of the world have become richer by 80% from Int. $9,706 in 1990 to Int. $17,486 in 2022, as estimated by the World Bank comprising more than 200 economies. In the nominal method at 2015 prices, humans have become richer by 213% since 1960.

Nominal: The year 2011 was the best year at current and constant prices. The year 2015 and 2020 was the worst year at current and constant prices, respectively.

PPP: The year 2021 was the best year for the world when its figure had improved by Int. $851 at constant 2017 prices, next year of the worst 2020 when it had declined Int. $661. At current prices, 2022 and 2020 was the best and worst year respectively.