GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. COUNTRIES BY GDP PER CAPITA (in USD $; 2019) Luxembourg: 115,200; Switzerland: 85,160; Norway: 82,770; Iceland: 79,270; Ireland: 77,160; Qatar: 72,680 From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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. Top Losers in 2019 : At current prices, Out of 192 economies estimated by …     That's much higher than the $59,958 GDP per capita of the United States and Canada's at $45,149. A stunning $12 trillion—almost 40 percent of all foreign direct investment positions globally—is completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Browse by Country or Indicator. Accessed on 1st of … Western Europe– Luxembourg $113,196 , Switzerland $83,717 , Norway $77,975 , Ireland $77,771 , Iceland $67,037 , Denmark $59,795 , Netherlands $52,368 , Sweden $51,242 , Austria $50,023 , Finland $48,8… India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. note: data are in 2017 dollars country comparison to the world (CIA rank, may be based on non-current data): 25 [see also: GDP - per capita country ranks] Gross national saving: The financial crisis of 2007–2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourismboom starting in 2010. GDP per capita growth (annual %) Iceland. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. The economy of Iceland is small and subject to high volatility. This list contains projected GDP per capita (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, compare to world's average, gdp growth rate and gdp. Publish your articles and forecasts in our website. The latest comprehensive information for - Iceland GDP per capita PPP - including latest news, historical data table, charts and more. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. Penn World Table. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Iceland - GDP per capita (U.S. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. Ten Member States recorded a level of GDP per capita above the EU average in 2019. Close. GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. IMF GDP per capita estimate for 2019 for the different countries in Western and Eastern Europe is as follows. In 2019, GDP per capita for Iceland was 67,857 US dollars. The Trading Economics Application Programming Interface (API) provides direct access to our data. Therefore, these figures should be used with caution. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. In terms of consumption per capita, a measure of material or economic well-being, the USA remained the highest with an average per capita spend four and a half times that of the world average in 2019 at around $43,000. The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 315 percent of the … The gross domestic product per capita, or GDP per capita, is a measure of a country's economic output that accounts for its number of people. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year. In 2019, GDP for Iceland was 24.22 billion US dollars. 55, NO. Iceland Posts Trade Surplus for 1st Time in Near 2 Years, Iceland Inflation Rate Rises to 3.6% in December, Iceland Jobless Rate Climbs to Highest Since 2012, Iceland October Producer Inflation Lowest in 4 Months, Iceland Current Account Surplus Shrinks in Q3, Moody’s Changes Iceland’s Outlook to Positive, WTI Crude Prices Drop 1.9%, Book Weekly Loss, US Stocks Book Weekly Gain, Nasdaq Lands Fresh High, European Stocks Drop for 2nd Session on Friday, South African Stocks Edge Lower but Post Weekly Gain, US Crude Inventories Jump for 1st Time in 6 Weeks, Slovakia Current Account Deficit at EUR 106.5M. Historical data can be found here. At the same time the GDP per capita for these regions and income groups also increased relative to the world average. Distribution of gross domestic product (GDP) across economic sectors Lesotho 2019 Value of unmilled wheat imported into Iceland 2009-2019 Goods and services purchased online in Iceland 2011 to 2014 In addition, non-sovereign entities are marked in italics. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. I hope you find the information useful. In 2017, Iceland's gross domestic product was $24.49 billion. The Gross Domestic Product per capita in Iceland was last recorded at 55874 US dollars in 2019, when adjusted by purchasing power parity (PPP). 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