Nepal: Economy Indicators
Nepal:GDP per capita, PPP
GDP per capita, Purchasing Power Parity: For that indicator, The World Bank provides data for Nepal from 1980 to 2011. The average value for Nepal during that period was 814.72 U.S. dollars with a minumum of 568.48 U.S. dollars in 1980 and a maximum of 1105.72 U.S. dollars in 2011.
Below we provide more information about: GDP per capita, PPP in Nepal.
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GDP per capita in Nepal and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.
We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'
Moreover, we use constant 2005 U.S. prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.
GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
For insight into the factors that explain economic growth and development in Nepal and other countries, visit the economic growth section of our global economy guide.
GDP per capita, PPP rankings for over 200 countries. Create and download charts with the country comparator.
We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'
Moreover, we use constant 2005 U.S. prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.
GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
For insight into the factors that explain economic growth and development in Nepal and other countries, visit the economic growth section of our global economy guide.
GDP per capita, PPP rankings for over 200 countries. Create and download charts with the country comparator.
GDP per capita, PPP: Compare Nepal to other countries
World Bank 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 constant 2005 international dollars.
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