GDP per capita, PPP (current international $) - Oceania
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars based on the 2011 ICP round.
Description: The map below shows how GDP per capita, PPP (current international $) varies by country in Oceania. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Australia, with a value of 53,316.89. The country with the lowest value in the region is Kiribati, with a value of 2,383.44.
Source: World Bank, International Comparison Program database.
Statistical Concept and Methodology: For more information, see the metadata for PPP GDP in current international dollars (NY.GDP.MKTP.PP.CD) and total population (SP.POP.TOTL).
Aggregation method: Weighted average