Antigua and Barbuda: GDP per capita, PPP (current international $) 1,249.6 April 17, 2021
Statistics: GDP per capita, PPP (current international $)
|Date||1990 - 2019|
|Previous value||21,630.2 (2018)|
Definition: GDP per capita, PPP (current international $)
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 current international dollars based on the 2011 ICP round.
Chart - Antigua and Barbuda: GDP per capita, PPP (current international $) (1990 - 2019)
Development relevance: GDP per capita, PPP (current international $)
Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future.
Limitations and Exceptions: GDP per capita, PPP (current international $)
Statistical concept and methodology: GDP per capita, PPP (current international $)
For more information, see the metadata for PPP GDP in current international dollars (NY.GDP.MKTP.PP.CD) and total population (SP.POP.TOTL).