GDP per capita of European countries (1980 - 2021) |TOP 10 Channel

GDP per capita in PPP, current prices of European countries (1980 - 2021) by #TOP10Channel
Data: IMF, 2021
Gross domestic product, or GDP for short, is a measurement that describes the value of a geographic location’s total goods and services, and how it relates to the population of the region. Although it is expressed as a dollar amount, GDP per capita is not a measure of average or median personal income. Rather, it is a measure of the relative health of that country’s overall economy and industry.
In order to calculate the GDP per capita of a particular area, the GDP of that location is divided by the total population size. The value that results from this calculation is known as the GDP per capita. The GDP per capita varies drastically worldwide. The gross domestic product of a country is dependent upon the country’s economic standing and overall profits compared to expenses.
GDP per capita is typically expressed in one of two ways: nominal and at PPP (purchasing power parity). While very similar, there is one crucial difference between the two methodologies. GDP per capita (nominal) is a raw figure that does not take into account the differences in the cost of living between one country and another. In contrast, GDP per capita (PPP) factors in each country’s relative cost of living and inflation rate. This makes it arguably more accurate with regard to country-to-country comparisons.
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Link for the video of GDP per capita in PPP, current prices of European countries (1980 - 2021): https://youtu.be/Rlm-icHppqA
Music used in the video:
1. Cover by Patrick Patrikios
2. Find me here by Patrick Patrikios
3. Wind Riders by Asher Fulero
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Disclaimers:
The term of "country" here, in this video includes sovereign states and dependent territories. The presentation of the information in this video do not imply the expression of any opinion whatsoever concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Although the video try to provide the most plausible information but it does not warrant that the information contained in the video is complete and always correct and shall not be liable whatsoever for any damages incurred as a result of its use.
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