Taiwan ranked 19th highest GDP per capita in world in terms of PPP according to International Monetary Fund
Taiwan News
Date: 2018/05/28
By: Keoni Everington, Taiwan News, Staff Writer
GDP map of world based on PPP. (Screenshot of IMF map)
TAIPEI (Taiwan News) — Taiwan ranks as having the 19th highest Gross Domestic Product (GDP) per capita based on Purchasing Power Parity (PPP), according to data released by the International Monetary Fund (IMF) on in April.
In its biannual report on data about the economic status of countries in the world, the IMF ranks countries in order of GDP based on PPP.
PPP compares the living standards among different countries by assessing the relative cost of living and inflation rates of those nations.
Topping the list was Qatar at US$128,702 per annum, followed by Macao (US$122,490), Luxembourg (US$110,870), Singapore (US$98,010) and Ireland (US$79,920), to round out the top five. [FULL STORY]
