List of countries by GDP (nominal) per capita

Last updated

Countries or territories by GDP (nominal) per capita in 2023
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>$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 A Map of (nominal) gdp per capita in 2024 by country-nations.png
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

This is a list of countries by nominal GDP per capita.

Contents

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. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.

Comparisons of GDP per capita 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.

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.

For change of GDP per capita over time as a measure of economic growth, see real GDP growth and real GDP per capita growth.

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 International Monetary Fund (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]

Table

All data are in current United States dollars. Historical data see list of countries by past and projected GDP (nominal) per capita.

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, territory, non-sovereign state or non-IMF member
Country/Territory IMF [4] [5] World Bank [6] United Nations [7]
EstimateYearEstimateYearEstimateYear
Flag of Monaco.svg Monaco 256,5802023256,5812023
Flag of Liechtenstein.svg Liechtenstein 186,4002022201,1502023
Flag of Luxembourg.svg Luxembourg 135,3212024128,6782023128,9362023
Flag of Bermuda.svg Bermuda 125,8412023125,8422023
Flag of Switzerland (Pantone).svg Switzerland 106,098202499,5642023100,8312023
Flag of Ireland.svg Ireland 103,5002024103,8872023106,1062023
Flag of the Cayman Islands.svg Cayman Islands 97,749202397,5832023
Flag of the Isle of Man.svg Isle of Man 94,3002021
Flag of Norway.svg Norway 90,434202487,925202387,9322023
Flag of Singapore.svg Singapore 89,370202484,734202386,6162023
Flag of the United States.svg United States 86,601202482,769202380,7062023
Flag of Iceland.svg Iceland 85,787202479,637202380,8272023
Flag of Macau.svg Macau 77,186202466,476202364,1582023
Flag of Qatar.svg Qatar 71,568202480,195202371,4992023
Flag of Denmark.svg Denmark 69,273202468,453202368,4402023
Flag of the Netherlands.svg Netherlands 67,984202464,572202363,8032023
Flag of the Faroe Islands.svg Faroe Islands 71,7172023
Flag of Australia (converted).svg Australia 65,966202464,820202367,1292023
Flag of Jersey.svg Channel Islands 74,5892023
Flag of San Marino.svg San Marino 59,841202454,264202258,9172023
Flag of Austria.svg Austria 58,669202456,506202356,0422023
Flag of Sweden.svg Sweden 57,213202456,305202355,4392023
Flag of Belgium (civil).svg Belgium 56,129202453,475202355,0492023
Flag of Germany.svg Germany 55,521202452,746202353,5282023
Flag of Finland.svg Finland 54,774202453,756202352,7622023
Flag of Canada (Pantone).svg Canada 53,834202453,372202354,5172023
Flag of Greenland.svg Greenland 57,116202154,3742023
Flag of Hong Kong.svg Hong Kong 53,165202450,697202351,1662023
Flag of Israel.svg Israel 53,111202452,262202355,4882023
Flag of the United Kingdom.svg United Kingdom 52,423202448,867202349,2242023
Flag of the United Arab Emirates.svg United Arab Emirates 49,550202452,977202348,3112023
Flag of France.svg France 48,012202444,461202344,4512023
Flag of New Zealand.svg New Zealand 47,072202448,528202348,7502023
Flag of Andorra.svg Andorra 45,279202446,545202346,8122023
Flag of Malta.svg Malta 44,140202437,882202341,6762023
Flag of Europe.svg European Union [n 1] 43,350202440,824202331,875 [8] 2023
Flag of the United States Virgin Islands.svg U.S. Virgin Islands 41,9762021
Flag of Sint Maarten.svg Sint Maarten (Dutch part) 39,433202339,2372023
Flag of Italy.svg Italy 40,287202438,373202338,6722023
Flag of the British Virgin Islands.svg British Virgin Islands 38,6272023
Flag of Guam.svg Guam 40,2272022
Flag of Aruba.svg Aruba 39,697202433,301202233,8022023
Flag of Puerto Rico.svg Puerto Rico 37,926202436,779202336,3672023
Flag of Cyprus.svg Cyprus 37,767 [n 2] 202437,077 [n 2] 202337,077 [n 2] 2023
Flag of the Bahamas.svg Bahamas 36,322202434,750202335,8962023
Flag of South Korea.svg South Korea 36,132202433,121202335,5382023
Flag of Spain.svg Spain 35,789202432,677202333,8142023
Flag of FLNKS.svg New Caledonia 35,746202234,9812023
Flag of Brunei.svg Brunei 34,872202433,431202332,9632023
Flag of Slovenia.svg Slovenia 34,544202432,163202332,6422023
Flag of the Republic of China.svg Taiwan 33,234 [n 3] 2024
Flag of Saudi Arabia.svg Saudi Arabia 32,881202428,895202332,0942023
Flag of Japan.svg Japan 32,859202433,834202333,8062023
Flag of Kuwait.svg Kuwait 32,290202437,533202333,8322023
Flag of Estonia.svg Estonia 31,531202429,824202330,2012023
Flag of the Czech Republic.svg Czech Republic 31,366202430,427202331,7502023
Flag of the Turks and Caicos Islands.svg Turks and Caicos Islands 30,438202330,3492023
Flag of Bahrain.svg Bahrain 29,573202429,084202328,4532023
Flag of Portugal.svg Portugal 29,341202427,275202327,7182023
Flag of Guyana.svg Guyana 28,921202420,626202320,1892023
Flag of Lithuania.svg Lithuania 28,713202427,103202327,9562023
Flag of Anguilla.svg Anguilla 28,8502023
Flag of Slovakia.svg Slovakia 26,290202424,470202324,0862023
Flag of the Cook Islands.svg Cook Islands 25,7502023
Flag of Barbados.svg Barbados 24,759202422,673202323,8042023
Flag of Greece.svg Greece 24,342202422,990202323,7722023
Flag of Latvia.svg Latvia 24,223202423,184202322,4442023
Flag of Saint Kitts and Nevis.svg Saint Kitts and Nevis 24,203202422,553202322,6252023
Flag of Hungary.svg Hungary 23,881202422,147202321,9542023
Flag of Poland.svg Poland 23,563202422,113202320,8762023
Flag of Croatia.svg Croatia 23,380202421,460202321,6612023
Flag of Uruguay.svg Uruguay 23,053202422,564202322,7962023
Flag of Antigua and Barbuda.svg Antigua and Barbuda 22,118202421,560202321,7872023
Flag of Seychelles.svg Seychelles 21,290202417,879202316,7352023
Flag of Oman.svg Oman 20,631202423,295202320,9722023
Flag of Curacao.svg Curaçao 20,493202217,6972023
Flag of Romania.svg Romania 20,089202418,419202318,3482023
Flag of Trinidad and Tobago.svg Trinidad and Tobago 19,703202418,333202316,9602023
Flag of American Samoa.svg American Samoa 19,6732022
Flag of Panama.svg Panama 19,369202418,662202318,7012023
Flag of French Polynesia.svg French Polynesia 18,985202222,7592023
Flag of Palau.svg Palau 17,978202414,565202315,8992023
Flag of Costa Rica.svg Costa Rica 17,860202416,595202316,9422023
Flag of the Northern Mariana Islands.svg Northern Mariana Islands 17,3032020
Flag of Cuba.svg Cuba 9,500202018,3292023
Flag of Montserrat.svg Montserrat 18,1972023
Flag of Maldives.svg Maldives 17,287202412,667202312,5302023
Flag of Bulgaria.svg Bulgaria 17,069202415,798202315,0682023
Flag of Chile.svg Chile 16,365202417,093202317,0682023
Flag of France.svg Saint Martin (French part) 16,0872022
Flag of Turkey.svg Turkey 15,666202412,986202312,8142023
Flag of Russia.svg Russia 14,953202413,817202313,8092023
Flag of Kazakhstan.svg Kazakhstan 14,570202413,137202313,0002023
Flag of Saint Lucia.svg Saint Lucia 14,034202413,980202313,5552023
Flag of Mexico.svg Mexico 13,972202413,926202313,8262023
 World13,900202413,138202313,0972023
Flag of Malaysia.svg Malaysia 13,142202411,649202311,3772023
Flag of the People's Republic of China.svg China 12,969 [n 4] 202412,614 [n 5] 202312,509 [n 4] 2023
Flag of Argentina.svg Argentina 12,814202413,730202314,1872023
Flag of Montenegro.svg Montenegro 12,802202412,017202311,8852023
Flag of Turkmenistan.svg Turkmenistan 12,71320249,19120238,1322023
Flag of Mauritius.svg Mauritius 12,601202411,417202311,3042023
Flag of Serbia.svg Serbia 12,514202411,361202311,1012023
Flag of Nauru.svg Nauru 12,285202412,060202314,8122023
Flag of Grenada.svg Grenada 12,050202410,464202311,2462023
Flag of the Dominican Republic.svg Dominican Republic 11,692202410,716202310,7182023
Flag of Saint Vincent and the Grenadines.svg Saint Vincent and the Grenadines 10,558202410,279202310,7672023
Flag of Brazil.svg Brazil 10,296202410,044202310,3782023
Flag of Albania.svg Albania 9,59820248,36820238,1722023
Flag of Dominica.svg Dominica 9,39220248,95420239,7862023
Flag of Gabon.svg Gabon 9,25720248,42020238,0712023
Flag of Georgia.svg Georgia 8,883 [n 6] 20248,120 [n 6] 20238,020 [n 6] 2023
Flag of North Macedonia.svg North Macedonia 8,65920248,14620238,6062023
Flag of Armenia.svg Armenia 8,51820248,71620238,2282023
Flag of Peru.svg Peru 8,31620247,79020237,9072023
Flag of Bosnia and Herzegovina.svg Bosnia and Herzegovina 8,22120248,42620238,6392023
Flag of Belize.svg Belize 8,13320247,98820237,4892023
Flag of Equatorial Guinea.svg Equatorial Guinea 8,10220247,06720236,5582023
Flag of Belarus.svg Belarus 8,00820247,82920237,8832023
Flag of Colombia.svg Colombia 7,91720246,98020236,9482023
Flag of Suriname.svg Suriname 7,60020246,06920235,9762023
Flag of Thailand.svg Thailand 7,52720247,17220237,1822023
Flag of Jamaica.svg Jamaica 7,48720246,87420236,8402023
Flag of Azerbaijan.svg Azerbaijan 7,38120247,15520237,0122023
Flag of Moldova.svg Moldova 7,368 [n 7] 20246,651 [n 7] 20235,393 [n 7] 2023
Flag of Botswana.svg Botswana 7,34120247,25020237,8202023
Flag of Tuvalu.svg Tuvalu 7,19020245,46520236,8802023
Flag of the Marshall Islands.svg Marshall Islands 6,85020246,76220236,9522023
Flag of Ecuador.svg Ecuador 6,75820246,53320236,6102023
Flag of Mongolia.svg Mongolia 6,66620245,76520235,7902023
Flag of Libya.svg Libya 6,48220247,33020236,0272023
Flag of South Africa.svg South Africa 6,37720246,25320235,9762023
Flag of Kosovo.svg Kosovo 6,33420245,94320236,1572023
Flag of Guatemala.svg Guatemala 6,29520245,79720235,7632023
Flag of Fiji.svg Fiji 6,25720245,86820235,8892023
Flag of Iraq.svg Iraq 5,94720245,51220235,1492023
Flag of Paraguay.svg Paraguay 5,86920246,26020236,2762023
Flag of El Salvador.svg El Salvador 5,60720245,34420235,3912023
Flag of Algeria.svg Algeria 5,57920245,26020235,3642023
Flag of Ukraine.svg Ukraine 5,505 [n 8] 20245,181 [n 8] 20234,737 [n 8] 2023
Flag of Iran.svg Iran 5,30020254,50220234,4322023
Flag of the Federated States of Micronesia.svg Micronesia 5,12020243,99220234,0842023
Flag of Samoa.svg Samoa 5,04820244,13920234,7652023
Flag of Indonesia.svg Indonesia 4,98120244,94020234,8762023
Flag of Tonga.svg Tonga 4,85820244,68220224,8592023
Flag of Cape Verde.svg Cape Verde 4,79020254,32220234,9612023
Flag of Jordan.svg Jordan 4,68220244,48220234,4422023
Flag of Vietnam.svg Vietnam 4,64920244,34720234,2822023
Flag of Lebanon.svg Lebanon 4,48720233,35020234,7572023
Flag of Namibia.svg Namibia 4,41020244,74320234,1682023
Flag of Eswatini.svg Eswatini 4,37520243,79720233,7172023
Flag of Tunisia.svg Tunisia 4,26720243,89520233,9792023
Flag of Morocco.svg Morocco 4,20420243,67220233,8302023
Flag of Djibouti.svg Djibouti 4,15520243,60620233,4692023
Flag of the Philippines.svg Philippines 4,15420243,72620233,8052023
Flag of Bhutan.svg Bhutan 4,06820243,71120223,8392023
Flag of Venezuela.svg Venezuela 4,019202415,97620144,9252023
Flag of Bolivia.svg Bolivia 3,92020243,70120233,6862023
Flag of Sri Lanka.svg Sri Lanka 3,33020223,82820233,6732023
Flag of Egypt.svg Egypt 3,54220243,51320232,8952023
Flag of Honduras.svg Honduras 3,44620243,24720233,2322023
Flag of Sao Tome and Principe.svg São Tomé and Príncipe 3,42520242,60220232,9632023
Flag of Vanuatu.svg Vanuatu 3,38720243,36720233,4922023
Flag of Palestine.svg Palestine 3,181 [n 9] 20233,216 [n 9] 20233,640 [n 10] 2023
Flag of Uzbekistan.svg Uzbekistan 3,05120242,49620232,5492023
Flag of Angola.svg Angola 2,96120242,30920232,4642023
Flag of Nicaragua.svg Nicaragua 2,87820242,53020232,6132023
Flag of Cambodia.svg Cambodia 2,74420241,87520232,4582023
Flag of Cote d'Ivoire.svg Ivory Coast 2,72020242,72920232,5282023
Flag of India.svg India 2,69820242,48020232,4872023
Flag of Bangladesh.svg Bangladesh 2,62520242,55120232,4642023
Flag of Papua New Guinea.svg Papua New Guinea 2,54420242,99420232,9862023
Flag of Kiribati.svg Kiribati 2,45520242,09020232,1782023
Flag of the Republic of the Congo.svg Congo 2,38420242,50920232,2912023
Flag of Mauritania.svg Mauritania 2,37620242,14920232,1212023
Flag of Ghana.svg Ghana 2,23220242,23820232,2602023
Flag of Kyrgyzstan.svg Kyrgyzstan 2,22920241,97020231,9772023
Flag of Kenya.svg Kenya 2,21820241,95020231,9522023
Flag of the Solomon Islands.svg Solomon Islands 2,20920242,20320232,0422023
Flag of Haiti.svg Haiti 2,12020241,69320231,7052023
Flag of Zimbabwe.svg Zimbabwe 2,11420241,59220231,8582023
Flag of Laos.svg Laos 1,94520242,07520231,9582023
Flag of Cameroon.svg Cameroon 1,82120241,67420231,7372023
Flag of Senegal.svg Senegal 1,80520241,74620231,6822023
Flag of Guinea.svg Guinea 1,65220241,66420231,5972023
Flag of the Comoros.svg Comoros 1,63020241,58720231,7032023
Flag of Pakistan.svg Pakistan 1,58820241,36520231,2122023
Flag of Benin.svg Benin 1,51020241,43520231,3942023
Flag of East Timor.svg Timor-Leste 1,45420241,64820231,5032023
Flag of Nepal.svg Nepal 1,38120241,37720231,3632023
Flag of Ethiopia.svg Ethiopia 1,35020241,29420231,2412023
Flag of Tajikistan.svg Tajikistan 1,27620241,18920231,1612023
Flag of Zambia.svg Zambia 1,22620241,36920231,3312023
Flag of Tanzania.svg Tanzania 1,22420241,21120231,209 [n 11] 2023
Flag of Zanzibar.svg Zanzibar 1,19220221,3742023
Flag of Uganda.svg Uganda 1,18720241,01420231,0492023
Flag of Myanmar.svg Myanmar 1,17920241,18820231,1472023
Flag of Guinea-Bissau.svg Guinea-Bissau 1,106202491420238552023
Flag of Lesotho.svg Lesotho 1,062202487820239162023
Flag of Togo (3-2).svg Togo 1,05120241,01320239972023
Flag of Chad.svg Chad 1,013202471920239132023
Flag of The Gambia.svg Gambia 989202484420238902023
Flag of Rwanda.svg Rwanda 98620241,00020231,0102023
Flag of Burkina Faso.svg Burkina Faso 908202487420238832023
Flag of Mali.svg Mali 898202489720238332023
Flag of Nigeria.svg Nigeria 87720241,62120231,6462023
Flag of Sierra Leone.svg Sierra Leone 856202443320237582023
Flag of Liberia.svg Liberia 855202479920239172023
Flag of the Syrian revolution.svg Syria 42120211,2302023
Flag of Somalia.svg Somalia 771202464420235972023
Flag of the Democratic Republic of the Congo.svg DR Congo 702202464920236552023
Flag of Niger.svg Niger 698202461820236432023
Flag of Eritrea.svg Eritrea 64420116562023
Flag of Mozambique.svg Mozambique 645202460820236232023
Flag of Sudan.svg Sudan 60620242,27220236802023
Flag of North Korea.svg North Korea 6402023
Flag of Madagascar.svg Madagascar 563202452920235982023
Flag of the Central African Republic.svg Central African Republic 529202444520234962023
Flag of Yemen.svg Yemen 465202453320232222023
Flag of Malawi.svg Malawi 464202467320235092023
Flag of the Taliban.svg Afghanistan 411202335320223962023
Flag of South Sudan.svg South Sudan 34120241,07220154032023
Flag of Burundi.svg Burundi 321202420020232892023

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. 1 2 3 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. 1 2 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. 1 2 3 Excludes Abkhazia and South Ossetia.
  7. 1 2 3 Excludes data for Transnistria.
  8. 1 2 3 Figures exclude the Autonomous Republic of Crimea and Sevastopol.
  9. 1 2 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, October 2024". IMF.org. International Monetary Fund. 22 October 2024. Retrieved 22 October 2024.
  5. "IMF DataMapper / Datasets / World Economic Outlook (October 2024) / GDP per capita, current prices / List (2024)–Analytical group: European Union, World". IMF.org. International Monetary Fund. 22 October 2024. Retrieved 22 October 2024.
  6. "GDP per capita (current US$)". World Development Indicators . The World Bank . Retrieved 16 August 2024.
  7. , (Select all countries, "GDP, Per Capita GDP–US Dollars", and "2023" 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.