GDP per capita, PPP (constant 2021 international $)

This economic indicator reflects the average income per person in a country, adjusted for purchasing power parity (PPP) to better capture living standards. By converting gross domestic product into international dollars based on PPP rates, it accounts for the varying costs of goods and services between countries, making it easier to compare economic well-being across different nations. The measurement includes the total value generated by domestic producers, factoring in product taxes while excluding any subsidies that could distort the valuation. Moreover, it is presented in constant terms, adjusted to 2017 values, thus providing a clearer picture of real economic growth over time by removing the effects of inflation and enabling meaningful longitudinal comparisons. Source: