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The per capita income in the UAE, based on purchasing power parity (PPP), reached up to 87,729 international dollars. This places the country at the seventh position globally in this regard. It is noted that the per capita income increased by 10,781 international dollars over the course of the year.
The international dollar is a virtual currency used for comparing the purchasing power of different countries. It is based on the US dollar but holds the same purchasing power as the local currency in each country. As for US dollars, the per capita income in the UAE also increased, from 43,460 dollars in 2021 to 48,950 dollars. Moreover, in 2022, this figure surpassed the pre-pandemic level of 2019.
According to the latest classification by the World Bank, countries are categorized into four groups based on per capita income using purchasing power parity (PPP):
- Low-income: less than $1,135
- Lower-middle-income: $1,136 to $4,465
- Upper-middle-income: $4,466 to $13,845
- High-income: above $13,845.
