The GDP per capita figure for Ghana in 2021 is presented in which currency?

The GDP per capita figure for Ghana in 2021 is presented in which currency?

• A. EUR
• B. USD
• C. GBP
• D. JPY

Answer: (B)

GDP per capita figures in international datasets are presented in a single, common currency to make cross-country comparisons meaningful. World Bank, IMF, and similar sources typically report this measure in current US dollars, because the US dollar serves as the global reference unit for price levels and market values. For Ghana in 2021, the GDP per capita is shown in US dollars, not in euros, pounds, or yen, so that the figure can be compared directly with other countries. If you looked at the figure in Ghana’s local currency (the cedi), it would depend on exchange rates and price levels, which complicates comparing Ghana to other nations.

GDP per capita figures in international datasets are presented in a single, common currency to make cross-country comparisons meaningful. World Bank, IMF, and similar sources typically report this measure in current US dollars, because the US dollar serves as the global reference unit for price levels and market values. For Ghana in 2021, the GDP per capita is shown in US dollars, not in euros, pounds, or yen, so that the figure can be compared directly with other countries. If you looked at the figure in Ghana’s local currency (the cedi), it would depend on exchange rates and price levels, which complicates comparing Ghana to other nations.