Democratic Republic of Congo vs Malawi: GNI per capita, PPP
GNI per capita, PPP over time
- Democratic Republic of Congo
- Malawi
How they compare
Malawi currently reports 1,561 constant 2021 international $ against 1,239 constant 2021 international $ in Democratic Republic of Congo, a difference of 321.87 constant 2021 international $.
That makes Malawi's figure about 1.3 times Democratic Republic of Congo's.
Across all 9 years both countries report, Malawi has been ahead every year.
Globally, Democratic Republic of Congo ranks 157th and Malawi ranks 154th of 158 countries.
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About this data
This indicator provides values for gross national income (GNI) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.