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International GDP Per Capita Income Data
Data Science and Analytics
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About
This dataset provides figures on Gross Domestic Product (GDP) in USD per capita income by country, presenting a list of nations based on their nominal GDP per capita. It is designed to offer insights into global economic standing, though it is important to note that these figures do not account for variations in the cost of living across different countries. Consequently, country rankings can fluctuate significantly from year to year due to currency exchange rate movements, which may not accurately reflect changes in the population's standard of living. While GDP per capita is often seen as an indicator of a country's standard of living, it is crucial to understand that it is not a direct measure of personal income. For more nuanced comparisons, particularly concerning cost of living, purchasing power parity (PPP) based figures are frequently used, which help mitigate exchange rate issues but also involve more estimation and do not reflect economic output in international trade.
Columns
- Index Number: A numerical identifier for each record.
- Country/Territory: The name of the respective country or territory.
- UN Region: The United Nations region to which the country belongs (e.g., Africa, Asia).
- IMF: The estimated GDP per capita provided by the International Monetary Fund.
- IMF Year: The year associated with the IMF estimate, such as 2023.
- World Bank: The estimated GDP per capita provided by the World Bank.
- World Bank Year: The year associated with the World Bank estimate, for instance, 2021 or 2020.
- United Nations: The estimated growth rate as provided by the United Nations.
Distribution
The dataset is provided in a CSV (Comma Separated Values) format, specifically named "List of Countries by GDP (nominal) per Capita.csv". The file size is 11.55 kB. It is structured with 8 distinct columns. The data contains approximately 224 records, though the exact number of valid entries varies slightly per column due to occasional missing values. For example, the 'Index Number' has 223 valid entries, while 'Country/Territory' and 'UN Region' also have 223 valid entries. Other columns like 'IMF', 'IMF Year', 'World Bank', 'World Bank Year', and 'United Nations' generally have 224 valid entries.
Usage
This dataset is ideal for a range of applications including data analytics, data visualisation, and economic research. It can be utilised to compare nominal GDP per capita income across different countries and regions, allowing for analyses of global economic disparities. Users can investigate the impact of exchange rate fluctuations on country rankings over time, or use it to illustrate the inherent limitations of using nominal GDP per capita as the sole measure of living standards. It serves as an excellent resource for understanding the fundamental differences between nominal and purchasing power parity (PPP) based economic indicators.
Coverage
The dataset offers a global geographic scope, covering a wide array of countries and territories, which are further categorised by their respective UN Regions. The time range for the economic estimates varies by source, including specific years such as 2023 for IMF estimates and 2021 or 2020 for World Bank estimates. The data focuses on national-level economic indicators (per capita income) and does not delve into specific demographic breakdowns within countries.
License
CC0: Public Domain
Who Can Use It
- Economists and Academic Researchers: For studying global economic trends, national income distributions, and the accuracy of various economic indicators.
- Data Analysts and Scientists: For building visualisations, conducting statistical analyses, and creating models related to international economic data.
- Students: For educational projects, learning about macroeconomic principles, and exploring real-world economic statistics.
- Journalists and Policy Analysts: For informing articles or policy briefs on global economic conditions, living standards, and national wealth.
Dataset Name Suggestions
- Global Nominal GDP Per Capita by Country
- International GDP Per Capita Income Data
- World GDP Per Capita (Nominal)
- Country Economic Standing: GDP Per Capita
- Annual Nominal GDP Per Capita Figures
Attributes
Original Data Source: International GDP Per Capita Income Data
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