High income economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
High-income economies had a combined GDP per capita (PPP) of about $50,000 in 2023. These economies are characterized by advanced technological infrastructure, high levels of industrialization, and strong service sectors.