The average income is calculated by gross national income and population. The GDP per Capita in Malaysia is equivalent to 86 percent of the worlds average.
Economic Malays The Economist
However this is problematic because GDP per capita is not a measure of personal income.
. GDP per capita PPP in Malaysia averaged 1902429 USD from 1990 until 2021 reaching an all time high. This is similar to nominal GDP per capita but adjusted for the cost of living in each country. This page provides the latest.
The Gross Domestic Product per capita in Malaysia was last recorded at 2695925 US dollars in 2021 when adjusted by 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. The Gross Domestic Product per capita in Malaysia was last recorded at 1082733 US dollars in 2021.
GDP per capita is often considered an indicator of a countrys standard of living. Gross national income per capita 2021 Atlas method and PPP Purchasing Atlas power parity methodology international. On dividing all annual incomes and profits by the amount of the countries population it will show the average income per.
Comparisons of national income are also frequently made on the basis of purchasing power parity PPP. Middle-income economies are those with a GNI per capita of more than 1045 but less than 12736. The GDP per Capita in Malaysia when adjusted by Purchasing Power Parity is equivalent to 152 percent of the worlds average.
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. High-income economies are those with a GNI per capita of 12736 or more. 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.
In our comparison over 68 countries the USA comes 7th with an average income of 70430 USD. The smallest budget per capita exists in Afghanistan. However this is inaccurate because GDP per capita is not a measure of personal income.
Comparisons of national income are also frequently made on the basis of purchasing power parity PPP. 70 Malaysia 10930 70 Uruguay 22540 71 Mauritius 10860 71 Costa Rica 21800 72 Bulgaria 10720 72 Curaçao 21480 73. GDP per capita is often considered an indicator of a countrys standard of living.
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