Page semi-protected
From Wikipedia, the free encyclopedia

Countries or territories by GDP (nominal) per capita in 2023
  >$60,000
  $50,000 - $60,000
  $40,000 - $50,000
  $30,000 - $40,000
  $20,000 - $30,000
  $10,000 - $20,000
  $5,000 - $10,000
  $2,500 - $5,000
  $1,000 - $2,500
  $500 - $1,000
  <$500
  No data

The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.

GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income.

Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. (see List of countries by GDP (PPP) per capita). PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.

Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here (except Kosovo and Taiwan), but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Four UN members (Cuba, Liechtenstein, Monaco and North Korea) do not belong to the IMF hence their economies are not ranked below. Kosovo, despite not being a member of the United Nations, is a member of IMF. Taiwan is not a IMF member but it is still listed in the official IMF indices.

Several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax-planning activities. Examples include Bermuda, the Cayman Islands, Ireland and Luxembourg. [3]

All data are in current United States dollars. Historical data can be found here.

Table

The table initially ranks each country or territory by its IMF estimate, and can be reranked by any of the sources.

GDP (in USD) per capita by country or  territory, non-sovereign state or non-IMF member 
Country/Territory UN Region IMF [4] [5] World Bank [6] United Nations [7]
Estimate Year Estimate Year Estimate Year
  Monaco Europe 240,862 2022 234,317 2021
  Liechtenstein Europe 197,505 2021 169,260 2021
  Luxembourg Europe 131,384 2024 125,006 2022 133,745 2021
  Bermuda Americas 118,775 2022 112,653 2021
  Ireland Europe 106,059 2024 103,983 2022 101,109 2021
  Switzerland Europe 105,669 2024 93,260 2022 93,525 2021
  Cayman Islands Americas 99,625 2022 85,250 2021
  Norway Europe 94,660 2024 108,729 2022 89,242 2021
  Singapore Asia 88,447 2024 82,808 2022 66,822 2021
  United States Americas 85,373 2024 76,330 2022 69,185 2021
  Iceland Europe 84,594 2024 73,467 2022 69,133 2021
  Qatar Asia 81,400 2024 87,662 2022 66,799 2021
  Isle of Man Europe 79,531 2020
  Macau Asia 78,962 2024 34,585 2022 43,555 2021
  Denmark Europe 68,898 2024 67,790 2022 68,037 2021
  Channel Islands Europe 67,961 2021
  Faroe Islands Europe 66,979 2022
  Australia Oceania 66,589 2024 65,100 2022 66,916 2021
  Netherlands Europe 63,750 2024 57,025 2022 57,871 2021
  San Marino Europe 59,405 2024 54,983 2021 50,425 2021
  Austria Europe 59,225 2024 52,085 2022 53,840 2021
  Sweden Europe 58,529 2024 56,424 2022 60,730 2021
  Greenland Americas 57,116 2021 58,185 2021
  Belgium Europe 55,536 2024 49,927 2022 51,166 2021
  Finland Europe 55,127 2024 50,872 2022 53,703 2021
  Canada Americas 54,866 2024 55,522 2022 52,112 2021
  Germany Europe 54,291 2024 48,718 2022 51,073 2021
  United Arab Emirates Asia 53,916 2024 53,708 2022 43,295 2021
  Hong Kong Asia 53,606 2024 48,984 2022 49,259 2021
  Israel Asia 53,372 2024 54,931 2022 54,111 2021
  United Kingdom Europe 51,075 2024 46,125 2022 46,542 2021
  British Virgin Islands Americas 49,444 2021
  New Zealand Oceania 48,531 2024 48,419 2022 48,824 2021
  France Europe 47,359 2024 40,886 2022 44,229 2021
  Andorra Europe 44,900 2024 41,993 2022 42,066 2021
  European Union [n 1] Europe 42,440 2024 37,433 2022 31,875 [8]2021
  U.S. Virgin Islands Americas 41,976 2021
  Malta Europe 41,738 2024 34,128 2022 33,642 2021
  Italy Europe 39,580 2024 34,776 2022 37,150 2021
  Aruba Americas 38,018 2024 33,301 2022 29,342 2021
  Puerto Rico Americas 37,172 2024 35,209 2022 32,716 2021
  Cyprus Asia 37,149 [n 2]2024 32,048 [n 2]2022 32,281 [n 2]2021
  Guam Oceania 35,905 2021
  Sint Maarten (Dutch part) Americas 35,873 2022 26,199 2021
  New Caledonia Oceania 35,745 2022 34,994 2021
  Bahamas Americas 35,257 2024 31,458 2022 27,478 2021
  Brunei Asia 35,111 2024 37,153 2022 31,449 2021
  Taiwan [n 3] Asia 34,432 2024
  South Korea Asia 34,165 2024 32,423 2022 34,940 2021
  Spain Europe 34,045 2024 29,675 2022 30,058 2021
  Slovenia Europe 34,026 2024 28,439 2022 29,135 2021
  Japan Asia 33,138 2024 34,017 2022 39,650 2021
  Saudi Arabia Asia 33,040 2024 30,448 2022 23,186 2021
  Estonia Europe 31,855 2024 28,247 2022 27,991 2021
  Kuwait Asia 31,724 2024 41,080 2022 32,150 2021
  Czech Republic Europe 29,801 2024 27,227 2022 26,809 2021
  Portugal Europe 28,969 2024 24,515 2022 24,651 2021
  Bahrain Asia 28,876 2024 30,147 2022 26,563 2021
  Lithuania Europe 28,407 2024 25,065 2022 23,844 2021
  Guyana Americas 26,592 2024 18,200 2022 9,999 2021
  Slovakia Europe 25,935 2024 21,257 2022 21,390 2021
  Turks and Caicos Islands Americas 24,918 2022 20,909 2021
  Latvia Europe 24,194 2024 21,780 2022 21,267 2021
  Greece Europe 23,966 2024 20,867 2022 20,571 2021
  Saint Kitts and Nevis Americas 23,705 2024 20,262 2022 18,083 2021
  Barbados Americas 23,596 2024 20,239 2022 17,225 2021
  Hungary Europe 23,319 2024 18,390 2022 18,728 2021
  Uruguay Americas 23,088 2024 20,795 2022 17,313 2021
  Poland Europe 23,014 2024 18,688 2022 17,736 2021
  Croatia Europe 22,966 2024 18,570 2022 16,983 2021
  Seychelles Africa 21,875 2024 13,251 2022 12,085 2021
  Oman Asia 20,913 2024 25,057 2022 19,509 2021
  Antigua and Barbuda Americas 20,533 2024 19,920 2022 15,246 2021
  Curaçao Americas 20,502 2022 14,183 2021
  Saint Martin (French part) Americas 20,321 2021
  Trinidad and Tobago Americas 19,861 2024 19,630 2022 16,033 2021
  American Samoa Oceania 19,673 2022
  Romania Europe 19,530 2024 15,787 2022 14,698 2021
  Panama Americas 19,369 2024 17,358 2022 14,618 2021
  Cook Islands Oceania 19,264 2021
  Anguilla Americas 19,216 2021
  French Polynesia Oceania 18,985 2022 19,915 2021
  Costa Rica Americas 18,031 2024 13,365 2022 12,472 2021
  Maldives Asia 17,818 2024 11,781 2022 10,366 2021
  Palau Oceania 17,441 2024 12,922 2021 12,084 2021
  Northern Mariana Islands Oceania 17,303 2020
  Bulgaria Europe 16,943 2024 13,974 2022 12,207 2021
  Chile Americas 16,616 2024 15,356 2022 16,265 2021
  Montserrat Americas 16,199 2021
  Mexico Americas 15,249 2024 11,497 2022 10,046 2021
  Kazakhstan Asia 14,778 2024 11,492 2022 10,055 2021
  Russia Europe 14,391 2024 15,271 2022 12,259 2021
  Saint Lucia Americas 14,101 2024 13,031 2022 9,824 2021
 World 13,840 2024 12,688 2022 12,230 2021
  Malaysia Asia 13,315 2024 11,993 2022 11,101 2021
  China Asia 13,136 [n 4]2024 12,720 [n 5]2022 12,437 [n 4]2021
  Mauritius Africa 12,973 2024 10,256 2022 8,873 2021
  Argentina Americas 12,812 2024 13,651 2022 10,761 2021
  Turkey Asia 12,765 2024 10,675 2022 9,661 2021
  Montenegro Europe 12,646 2024 10,093 2022 9,252 2021
  Turkmenistan Asia 12,412 2024 8,793 2022 8,508 2021
  Serbia Europe 12,384 2024 9,538 2022 8,643 2021
  Nauru Oceania 12,362 2024 11,971 2022 12,390 2021
  Grenada Americas 12,255 2024 9,689 2022 8,950 2021
  Dominican Republic Americas 11,774 2024 10,111 2022 8,477 2021
  Brazil Americas 11,352 2024 8,918 2022 8,170 2021
  Cuba Americas 9,500 2020 11,255 2021
  Saint Vincent and the Grenadines Americas 10,150 2024 9,125 2022 8,440 2021
  Dominica Americas 9,455 2024 8,351 2022 7,571 2021
  Gabon Africa 9,308 2024 8,820 2022 7,911 2021
  Albania Europe 8,924 2024 6,810 2022 6,396 2021
  Georgia Asia 8,825 [n 6]2024 6,675 [n 6]2022 4,975 [n 6]2021
  Armenia Asia 8,575 2024 7,018 2022 4,967 2021
  Bosnia and Herzegovina Europe 8,416 2024 7,569 2022 7,143 2021
  Peru Americas 8,291 2024 7,126 2022 6,622 2021
  Botswana Africa 7,875 2024 7,739 2022 6,805 2021
  Thailand Asia 7,812 2024 6,910 2022 7,067 2021
  North Macedonia Europe 7,694 2024 6,592 2022 6,600 2021
  Azerbaijan Asia 7,641 2024 7,762 2022 5,296 2021
  Belarus Europe 7,558 2024 7,888 2022 7,121 2021
  Moldova Europe 7,488 [n 7]2024 5,714 [n 7]2022 4,468 [n 7]2021
  Colombia Americas 7,327 2024 6,624 2022 6,104 2021
  Jamaica Americas 7,309 2024 6,047 2022 5,184 2021
  Belize Americas 7,170 2024 6,984 2022 6,229 2021
  Libya Africa 6,975 2024 6,716 2022 5,791 2021
  Equatorial Guinea Africa 6,733 2024 7,182 2022 7,605 2021
  Marshall Islands Oceania 6,711 2024 6,225 2022 6,111 2021
  Suriname Americas 6,702 2024 5,859 2022 5,259 2021
  Ecuador Americas 6,567 2024 6,391 2022 5,965 2021
  Kosovo Europe 6,389 2024 5,340 2022 5,663 2021
  Fiji Oceania 6,287 2024 5,356 2022 4,647 2021
  Mongolia Asia 6,182 2024 5,046 2022 4,510 2021
  Tuvalu Oceania 6,001 2024 5,222 2022 5,370 2021
  Paraguay Americas 5,984 2024 6,153 2022 6,035 2021
  Iraq Asia 5,979 2024 5,937 2022 4,686 2021
  South Africa Africa 5,975 2024 6,767 2022 7,055 2021
  Tonga Oceania 5,840 2024 4,426 2021 4,451 2021
  Algeria Africa 5,722 2024 4,343 2022 3,700 2021
  Guatemala Americas 5,678 2024 5,473 2022 4,883 2021
  Ukraine Europe 5,663 [n 8]2024 4,534 [n 8]2022 4,596 [n 8]2021
  El Salvador Americas 5,537 2024 5,127 2022 4,551 2021
  Iran Asia 5,310 2024 4,670 2022 6,766 2021
  Indonesia Asia 5,271 2024 4,788 2022 4,333 2021
  Micronesia Oceania 5,120 2024 3,714 2022 3,573 2021
  Samoa Oceania 4,840 2024 3,746 2022 3,919 2021
  Namibia Africa 4,745 2024 5,031 2022 4,836 2021
  Jordan Asia 4,705 2024 4,311 2022 4,058 2021
  Cape Verde Africa 4,656 2024 3,754 2022 3,293 2021
  Vietnam Asia 4,623 2024 4,164 2022 3,756 2021
  Tunisia Africa 4,435 2024 3,747 2022 3,807 2021
  Eswatini Africa 4,324 2024 3,987 2022 3,969 2021
  Djibouti Africa 4,184 2024 3,136 2022 3,348 2021
  Philippines Asia 4,130 2024 3,499 2022 3,461 2021
  Morocco Africa 4,078 2024 3,442 2022 3,853 2021
  Bhutan Asia 4,014 2024 3,560 2021 3,063 2021
  Bolivia Americas 4,014 2024 3,600 2022 3,345 2021
  Venezuela Americas 3,867 2024 15,976 2014 3,965 2021
  Vanuatu Oceania 3,734 2024 3,231 2022 3,073 2021
  Honduras Americas 3,505 2024 3,040 2022 2,772 2021
  Palestine Asia 3,396 [n 9]2023 3,789 [n 9]2022 3,514 [n 10]2021
  Sri Lanka Asia 3,342 2022 3,354 2022 3,918 2021
  Lebanon Asia 3,283 2022 4,136 2021 6,785 2021
  Egypt Africa 3,225 2024 4,295 2022 3,898 2021
  São Tomé and Príncipe Africa 3,167 2024 2,387 2022 2,486 2021
  Nicaragua Americas 2,791 2024 2,255 2022 2,046 2021
  India Asia 2,731 2024 2,411 2022 2,274 2021
  Ivory Coast Africa 2,717 2024 2,486 2022 2,539 2021
  Uzbekistan Asia 2,666 2024 2,255 2022 2,032 2021
  Bangladesh Asia 2,646 2024 2,688 2022 2,450 2021
  Cambodia Asia 2,628 2024 1,760 2022 1,608 2021
  Papua New Guinea Oceania 2,530 2024 3,116 2022 2,673 2021
  Congo Africa 2,457 2024 2,649 2022 2,200 2021
  Kiribati Oceania 2,446 2024 1,702 2022 1,765 2021
  Angola Africa 2,432 2024 3,000 2022 2,258 2021
  Mauritania Africa 2,347 2024 2,065 2022 2,166 2021
  Solomon Islands Oceania 2,253 2024 2,205 2022 2,306 2021
  Ghana Africa 2,230 2024 2,204 2022 2,409 2021
  Zimbabwe Africa 2,088 2024 1,677 2022 1,508 2021
  Kenya Africa 1,983 2024 2,099 2022 2,082 2021
  Laos Asia 1,976 2024 2,054 2022 2,569 2021
  Haiti Americas 1,941 2024 1,748 2022 1,664 2021
  Kyrgyzstan Asia 1,922 2024 1,655 2022 1,339 2021
  Ethiopia Africa 1,910 2024 1,028 2022 825 2021
  Senegal Africa 1,900 2024 1,599 2022 1,637 2021
  Cameroon Africa 1,815 2024 1,564 2022 1,668 2021
  Guinea Africa 1,651 2024 1,515 2022 1,185 2021
  Benin Africa 1,512 2024 1,303 2022 1,361 2021
  Pakistan Asia 1,461 2023 1,589 2022 1,480 2021
  East Timor Asia 1,454 2024 2,389 2022 1,517 2021
  Zambia Africa 1,413 2024 1,457 2022 1,095 2021
  Nepal Asia 1,397 2024 1,337 2022 1,159 2021
  Comoros Africa 1,384 2024 1,485 2022 1,631 2021
  Tajikistan Asia 1,271 2024 1,054 2022 897 2021
  Myanmar Asia 1,248 2024 1,149 2022 1,089 2021
  Tanzania Africa 1,220 2024 1,193 2022 1,136 [n 11]2021
  Uganda Africa 1,202 2024 964 2022 930 2021
  Zanzibar Africa 1,192 2022 1,211 2021
  Nigeria Africa 1,110 2024 2,163 2022 2,019 2021
  Lesotho Africa 1,107 2024 970 2022 1,040 2021
  Guinea-Bissau Africa 1,087 2024 776 2022 759 2021
  Togo Africa 1,058 2024 943 2022 944 2021
  Chad Africa 1,014 2024 717 2022 955 2021
  Gambia Africa 989 2024 808 2022 772 2021
  Rwanda Africa 989 2024 966 2022 822 2021
  Syria Asia 421 2021 925 2021
  Burkina Faso Africa 910 2024 830 2022 893 2021
  Mali Africa 899 2024 833 2022 875 2021
  Liberia Africa 855 2024 755 2022 471 2021
  Somalia Africa 776 2024 592 2022 447 2021
  DR Congo Africa 715 2024 654 2022 551 2021
  Niger Africa 670 2024 585 2022 591 2021
  Mozambique Africa 659 2024 558 2022 492 2021
  North Korea Asia 654 2021
  Eritrea Africa 644 2011 623 2021
  Sudan Africa 547 2024 1,102 2022 786 2021
  Madagascar Africa 538 2024 517 2022 500 2021
  Central African Republic Africa 538 2024 427 2022 461 2021
  Sierra Leone Africa 527 2024 476 2022 505 2021
  Yemen Asia 486 2024 650 2022 302 2021
  Malawi Africa 481 2024 645 2022 613 2021
  Afghanistan Asia 422 2022 356 2021 373 2021
  South Sudan Africa 422 2024 1,072 2015 400 2021
  Burundi Africa 230 2024 259 2022 311 2021

Notes:

Distorted GDP-per-capita for tax havens

Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.

For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. To address this, in 2017 the Central Bank of Ireland created " modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. 2015 Irish GDP is 143% of 2015 Irish GNI*.

A stunning $12 trillion—almost 40 percent of all foreign direct investment positions globally—is completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. These investments in empty corporate shells almost always pass through well-known tax havens. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.

— "Piercing the Veil", International Monetary Fund, June 2018 [9]

Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article.

See also

Notes

  1. ^ The European Union is included because it is far more than a free trade association such as ASEAN, NAFTA, or Mercosur. It has certain attributes associated with independent countries: its own flag, anthem, currency (for some members), parliament and other law-making abilities, as well as diplomatic representation and a common foreign and security policy when dealing with external partners. However, because the EU is an organization and not a sovereign state, it does not receive a ranking in this list.
  2. ^ a b c Data are for the area controlled by the Government of the Republic of Cyprus.
  3. ^ The name used by the IMF is the " Taiwan Province of China".
  4. ^ a b Figures for China exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
  5. ^ Figures exclude special administrative regions of Hong Kong and Macau.
  6. ^ a b c Excludes Abkhazia and South Ossetia.
  7. ^ a b c Excludes data for Transnistria.
  8. ^ a b c Figures exclude the Republic of Crimea and Sevastopol.
  9. ^ a b The name used by the IMF and World Bank is the "West Bank and Gaza"
  10. ^ The name used by the UN is the "State of Palestine".
  11. ^ The UN figure excludes autonomous region of Zanzibar.

References

  1. ^ O'Sullivan, Arthur
  2. ^ French President seeks alternatives to GDP, The Guardian 14-09-2009.
    "European Parliament, Policy Department Economic and Scientific Policy: Beyond GDP Study" (PDF). (1.47 MB)
  3. ^ Richard Phillips; Matt Gardner; Alexandria Robins; Michelle Surka (2017). "Offshore Shell Games 2017" (PDF). Institute on Taxation and Economic Policy.
  4. ^ "World Economic Outlook Database, April 2024". IMF.org. International Monetary Fund. 16 April 2024. Retrieved 16 April 2024.
  5. ^ "IMF DataMapper / Datasets / World Economic Outlook (April 2024) / GDP per capita, current prices / List (2024) - Analytical group: European Union, World". IMF.org. International Monetary Fund. 16 April 2024. Retrieved 16 April 2024.
  6. ^ "GDP per capita (current US$)". World Development Indicators. The World Bank. Retrieved 18 April 2024.
  7. ^ [1], (Select all countries, "GDP, Per Capita GDP - US Dollars", and "2021" to generate the table), United Nations Statistics Division. Access date: 12 February 2023.
  8. ^ United Nations Statistics Division - National Accounts - Basic Data Selection, unstats.un.org. Manually select the 27 member states, the latest available year (2020) and the parameter "GDP, Per Capita GDP - US Dollars", then press "Send request" to generate the table. Export the table as an Excel file ("Export to .xlsx" button), where you can use the Average formula to determine the GDP per capita at EU level. United Nations. Retrieved 17 November 2022.
  9. ^ "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. 55, NO. 2". IMF Finance & Development. June 2018.

External links