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GDP Per Capita

Purchasing power parities

Gross Domestic Product (GDP) per capita is commonly used as a measure of prosperity.

The GDP data of different countries can be compared when converted into a common currency by using Purchasing Power Parities (PPPs). PPPs are calculated by measuring the relative amounts of different countries’ currencies required to purchase a common basket of goods and services.

 GDP Per Capita Using Current Purchasing Power Parities

2003

   2003
 OECD  26,300
 New Zealand  23,200

Below OECD average

New Zealand’s GDP per capita was below the OECD average in 2003 and was twenty-first of the 30 countries.

At US$23,200 or 88 percent of the OECD average (US$26,300), New Zealand’s GDP per capita was most similar to that of Spain.

Luxembourg continued to be the richest OECD country in 2003; its GDP per capita was more than twice the OECD average. The lowest rating country in the OECD was Turkey; its GDP per capita was 26 percent of the OECD average.

 GDP Per Capita Using Current Purchasing Power Parities (PPP)

percentage of OECD average (OECD 30=100), 2003

   2003
 OECD  100
 New Zealand  88
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