Sunday, November 05, 2006

//Dil Se Desi// India GDP Per Capita $705/ 135 Rank- Luxembourg $80,288 ©

India GDP Per Capita $705/ 135 Rank- Luxembourg $80,288 ©

 
One of my friend suggested PPP method of measuring Gross Domestic Product than Nominal method that is the real indicator. Other method called purchase power parity is inaccurate and has only notional or imaginary value. For example India's per capita GDP is $705 and rank 135 in 2005 but by PPP it is $3320, which is absurdly high but by rank too 122 is no improvement. 
 
He expressed some doubts about the normal method, which is most authentic and accurate when comparing Domestic Product.
 
During visit to USA I found all products were very cheap like air travel and goods transport, electricity & appliances and energy and foods & drinks but services requiring human intervention like health care were costly compared to India? But it evens out. I discard a measure (PPP) that gives excessive emphasis to service, which in Indian case is inefficient or unproductive or substandard.
 
On the contrary I firmly believe that our real GDP is inflated when we account for the fact there are unusually high electricity and water losses, food, fruits and vegetable wastages, very high interest rates charged by moneylenders and losses due to corruption and delays besides over designed and unproductive projects.
 
Indian GDP at $705 compared to Luxembourg's $80,288 is too low and if we exclude crème layer, 90% of population account for only 10% of GDP, 90% people in India has a thousandth fraction of income than a average Luxembourg citizen.
 
Ravinder Singh November06, 2006
 
 
Rank
Country
GDP
per capita
1
Luxembourg
80,288
2
Norway
64,193
3
Iceland
52,764
4
Switzerland
50,532
5
Ireland
48,604
6
Denmark
47,984
7
Qatar
43,110
8
United States
42,000
9
Sweden
39,694
10
Netherlands
38,618
11
Finland
37,504
12
Austria
37,117
13
United Kingdom
37,023
14
Japan
35,757
15
Belgium
35,712
16
Canada
35,133
17
Australia
34,740
18
France
33,918
19
Germany
33,854
20
Italy
30,200
21
United Arab Emirates
27,700
22
Spain
27,226
23
Singapore
26,836
24
New Zealand
26,464
25
Kuwait
26,020
26
Brunei
25,754
27

Hong Kong

25,493
28
Greece
20,327
29
Cyprus
20,214
30
Israel
19,248
31
Bahrain
18,403
32
The Bahamas
18,062
33
Portugal
17,456
34

Netherlands Antilles

17,270
35
Slovenia
16,986
36
South Korea
16,308
37
Taiwan
15,203
38
Malta
13,803
39
Saudi Arabia
13,410
40
Oman
12,664
41
Trinidad and Tobago
12,625
42
Czech Republic
12,152
43
Barbados
11,088
44
Saint Kitts and Nevis
10,895
45
Hungary
10,814
46
Antigua and Barbuda
10,727
47
Estonia
9,727
48
Slovakia
8,775
49
Croatia
8,675
50
Seychelles
8,556
51
Poland
7,946
52
Lithuania
7,446
53
Mexico
7,298
54
Chile
7,124
55
Latvia
6,862
56
Libya
6,696
57
Botswana
6,439
58
Gabon
6,397
59
Equatorial Guinea
6,205
60
Lebanon
6,034
61
Russia
5,349
62
Uruguay
5,274
63
South Africa
5,106
64
Turkey
5,062
65
Malaysia
5,042
66
Mauritius
5,029
67
Venezuela
5,026
68
Saint Lucia
4,963
69
Argentina
4,799
70
Panama
4,794
71
Grenada
4,670
72
Costa Rica
4,620
73
Romania
4,539
74
Brazil
4,320
75
Belize
4,146
76
Saint Vincent, Grenadines
3,950
77
Dominica
3,947
78
Kazakhstan
3,717
79
Jamaica
3,657
80
Bulgaria
3,459
81
Dominican Republic
3,411
82
Turkmenistan
3,406
83
Fiji
3,349
84
Algeria
3,086
85
Belarus
3,031
86
Namibia
3,022
87
Serbia
2,880
88
Peru
2,841
89
Tunisia
2,829
90
Republic of Macedonia
2,810
91
Iran
2,767
92
Ecuador
2,761
93
Albania
2,673
94
Thailand
2,659
95
Colombia
2,656
96
Suriname
2,637
97
El Salvador
2,468
98
Bosnia and Herzegovina
2,384
99
Maldives
2,350
100
Swaziland
2,336
101
Jordan
2,317
102
Angola
2,129
103
Tonga
2,106
104
Cape Verde
2,066
105
Guatemala
1,995
106
Samoa
1,832
107
Republic of the Congo
1,785
108
Ukraine
1,766
109
Morocco
1,713
110
People's Republic of China
1,709
111
Iraq
1,700
112
Vanuatu
1,530
113
Azerbaijan
1,493
114
Georgia
1,480
115
Syrian
1,464
116
Paraguay
1,288
117
Indonesia
1,283
118
Egypt
1,265
119
Sri Lanka
1,200
120
Philippines
1,168
121
Honduras
1,148
122
Armenia
1,140
123
Bhutan
1,126
124
Guyana
1,039
125
Bolivia
993
126
Djibouti
973
127
Cameroon
952
128
Côte d'Ivoire
900
129
Moldova
861
130
Nicaragua
850
131
Sudan
820
132
Senegal
738
133
Mongolia
736
134
Pakistan
728
135
India
705
136
Nigeria
678
137
Kiribati
672
138
Mauritania
663
139
Papua New Guinea
662
140
Chad
654
141
Zambia
627
142
Lesotho
621
143
Vietnam
618
144
Comoros
615
145
Solomon Islands
611
146
Benin
592
147
Yemen
586
148
Kenya
560
149
Ghana
512
150
Laos
485
151
Haiti
478
152
Kyrgyz Republic
473
153
Uzbekistan
444
154
Mali
432
155
Burkina Faso
430
156
Cambodia
430
157
São Tomé and Príncipe
430
158
Bangladesh
400
159
Zimbabwe
383
160
Togo
377
161
Tajikistan
364
162
Guinea
355
163
Timor-Leste
352
164
Tanzania
336
165
Central African Republic
335
166
Mozambique
331
167
Nepal
322
168
The Gambia
306
169
Uganda
303
170
Afghanistan
300
171
Madagascar
282
172
Niger
274
173
Rwanda
242
174
Sierra Leone
223
175
Myanmar
219
176
Eritrea
209
177
Guinea-Bissau
190
178
Liberia
161
179
Malawi
161
180
Ethiopia
153
181
 Congo
119
182
Burundi
107
 
 
 
 


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