FACTOID # 9: Three of the top ten countries for GDP per capita are island nations: Bermuda, Cayman Islands, and Iceland.

 Home Encyclopedia Statistics Countries A-Z Flags Maps Education Forum FAQ About

 WHAT'S NEW EDUCATION

SEARCH ALL

Search encyclopedia, statistics and forums:

(* = Graphable)

## Economy Statistics > GDP (purchasing power parity) (per capita) > Ireland (historical data)

 VIEW DATA: Values
Definition     Source      Printable version
 Date Amount Rank 2007 \$46,628.37 #7 2006 \$42,974.77 #4 2005 \$39,696.09 #8

DEFINITION: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.

SOURCE: CIA World Factbooks 18 December 2003 to 28 March 2011

Want to know more?
Search encyclopedia, statistics and forums:

Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact