NEW DELHI: India has moved up one place to 126th relating to GDP according to capita of countries, nonetheless ranked less than all its BRICS friends, while Qatar remains the world's richest in this parameter, as according to IMF data.
The data, which forms part of the newest World Economic Outlook file of the International Monetary Fund, ranks over 200 nations relating to according to capita GDP based on buying power parity (PPP).
PPP between two nations is the velocity at which the currency of one country needs to be converted into that of a 2nd country to be sure that a given amount of the primary country's currency will acquire the similar quantity of products and products and services in the second one country because it does in the first.
India has seen its according to capita GDP upward push to $7,170 in 2017, from $6,690 ultimate yr, serving to enhance its rank by a place to 126th.
Qatar remains top-ranked with according to capita GDP of $1,24,930, followed by Macao at the second one place with $1,14,430 and Luxembourg 3rd with $1,09,190.
Among BRICS nations, India has the bottom according to capita GDP. Russia boasts of a GDP according to capita of $27,900, while for China, it stood at $16,620, Brazil at $15,500 and South Africa at $13,400.
Interestingly, as according to a up to date Credit Suisse file, India is home to 2.45 lakh millionaires with a total household wealth of $five trillion.
As according to the IMF data, the richest 10 nations on the earth in according to capita GDP phrases additionally come with Singapore (4th, $90,530), Brunei (5th, $76,740), Ireland (sixth, $72,630), Norway (7th, $70,590), Kuwait (eighth, $69,670), United Arab Emirates (9th, $68,250) and Switzerland (10th, $61,360).
The US has did not make it to the highest 10 and is ranked 13th with a GDP according to capita of $59,500 while the United Kingdom is ranked even decrease.
According to a Fortune magazine file based on the IMF data, several top-ranking nations reminiscent of Qatar and Brunei "have fuel and oil propelling their economies", while investment and strong banking programs have helped propel economic enlargement in different nations like Iceland and Ireland.
The data, which forms part of the newest World Economic Outlook file of the International Monetary Fund, ranks over 200 nations relating to according to capita GDP based on buying power parity (PPP).
PPP between two nations is the velocity at which the currency of one country needs to be converted into that of a 2nd country to be sure that a given amount of the primary country's currency will acquire the similar quantity of products and products and services in the second one country because it does in the first.
India has seen its according to capita GDP upward push to $7,170 in 2017, from $6,690 ultimate yr, serving to enhance its rank by a place to 126th.
Qatar remains top-ranked with according to capita GDP of $1,24,930, followed by Macao at the second one place with $1,14,430 and Luxembourg 3rd with $1,09,190.
Among BRICS nations, India has the bottom according to capita GDP. Russia boasts of a GDP according to capita of $27,900, while for China, it stood at $16,620, Brazil at $15,500 and South Africa at $13,400.
Interestingly, as according to a up to date Credit Suisse file, India is home to 2.45 lakh millionaires with a total household wealth of $five trillion.
As according to the IMF data, the richest 10 nations on the earth in according to capita GDP phrases additionally come with Singapore (4th, $90,530), Brunei (5th, $76,740), Ireland (sixth, $72,630), Norway (7th, $70,590), Kuwait (eighth, $69,670), United Arab Emirates (9th, $68,250) and Switzerland (10th, $61,360).
The US has did not make it to the highest 10 and is ranked 13th with a GDP according to capita of $59,500 while the United Kingdom is ranked even decrease.
According to a Fortune magazine file based on the IMF data, several top-ranking nations reminiscent of Qatar and Brunei "have fuel and oil propelling their economies", while investment and strong banking programs have helped propel economic enlargement in different nations like Iceland and Ireland.
India moves up one notch to 126 in GDP per capita terms: IMF
![India moves up one notch to 126 in GDP per capita terms: IMF]()
Reviewed by Kailash
on
November 19, 2017
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