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This is a list of countries by gross national income per capita in 2023 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. [1]
The GNI per capita is the dollar value of a country's final income in a year, divided by its population. It should be reflecting the average before tax income of a country's citizens.[ citation needed ]
Knowing a country's GNI per capita is a good first step toward understanding the country's economic strengths and needs, as well as the general standard of living enjoyed by the average citizen. A country's GNI per capita tends to be closely linked with other indicators that measure the social, economic, and environmental well-being of the country and its people. All data is in U.S. dollars. Rankings shown are those given by the World Bank. Non-sovereign entities or other special groupings are marked in italics.
Country | GNI per capita (US$) [2] | Year | |
---|---|---|---|
High Income Economies | 2023 | ||
– | Bermuda (UK) | 134,640 | 2022 |
1 | Liechtenstein | 116,600 | 2009 |
2 | Norway | 102,460 | 2023 |
3 | Switzerland | 95,160 | 2023 |
4 | Luxembourg | 88,370 | 2023 |
5 | Ireland | 80,390 | 2023 |
6 | United States | 80,300 | 2023 |
7 | Iceland | 79,840 | 2023 |
– | Isle of Man (UK) | 76,300 | 2021 |
– | Faroe Islands (Denmark) | 74,420 | 2022 |
8 | Denmark | 73,360 | 2023 |
9 | Singapore | 70,590 | 2023 |
10 | Qatar | 70,070 | 2022 |
– | Cayman Islands (UK) | 68,790 | 2022 |
11 | Australia | 63,140 | 2023 |
12 | Sweden | 61,650 | 2023 |
13 | Netherlands | 60,670 | 2023 |
– | Hong Kong (China) | 55,200 | 2023 |
14 | Austria | 55,070 | 2023 |
15 | Israel | 55,020 | 2023 |
16 | Belgium | 54,530 | 2023 |
17 | Germany | 53,970 | 2023 |
18 | Canada | 53,930 | 2023 |
19 | Finland | 53,390 | 2023 |
20 | United Arab Emirates | 53,290 | 2023 |
21 | Andorra | 50,080 | 2022 |
22 | New Zealand | 48,610 | 2023 |
23 | United Kingdom | 47,800 | 2023 |
24 | San Marino | 47,120 | 2021 |
25 | Kuwait | 46,140 | 2023 |
26 | France | 45,070 | 2023 |
– | Macau (China) | 43,940 | 2022 |
27 | Japan | 39,030 | 2023 |
28 | Italy | 38,200 | 2023 |
– | New Caledonia (France) | 37,370 | 2021 |
– | Sint Maarten (Netherlands) | 36,960 | 2022 |
29 | South Korea | 35,490 | 2023 |
30 | Brunei | 34,970 | 2023 |
– | Greenland (Denmark) | 34,800 | 2007 |
31 | Malta | 34,240 | 2023 |
– | Aruba (Netherlands) | 33,410 | 2022 |
32 | Spain | 32,180 | 2023 |
33 | Bahamas | 31,990 | 2023 |
34 | Cyprus | 30,990 | 2023 |
35 | Slovenia | 30,620 | 2023 |
36 | Saudi Arabia | 28,690 | 2023 |
37 | Bahrain | 28,280 | 2023 |
38 | Estonia | 27,240 | 2023 |
39 | Czech Republic | 27,110 | 2023 |
– | Turks and Caicos Islands (UK) | 26,570 | 2023 |
40 | Portugal | 26,270 | 2023 |
– | Puerto Rico (US) | 25,240 | 2023 |
41 | Lithuania | 24,820 | 2023 |
42 | Slovakia | 22,790 | 2023 |
43 | Greece | 22,580 | 2023 |
44 | Nauru | 22,090 | 2023 |
45 | Latvia | 21,970 | 2023 |
46 | Oman | 21,540 | 2023 |
47 | Saint Kitts and Nevis | 21,380 | 2023 |
48 | Barbados | 21,280 | 2023 |
49 | Croatia | 20,670 | 2023 |
– | Curaçao (Netherlands) | 20,590 | 2022 |
50 | Guyana | 20,360 | 2023 |
51 | Antigua and Barbuda | 19,990 | 2023 |
52 | Hungary | 19,820 | 2023 |
53 | Poland | 19,730 | 2023 |
54 | Uruguay | 19,530 | 2023 |
– | French Polynesia (France) | 18,560 | 2000 |
55 | Panama | 18,010 | 2023 |
56 | Trinidad and Tobago | 17,940 | 2023 |
57 | Seychelles | 16,940 | 2023 |
58 | Romania | 16,670 | 2023 |
59 | Chile | 15,820 | 2023 |
60 | Bulgaria | 14,460 | 2023 |
61 | Palau | 14,250 | 2023 |
61 | Russia | 14,250 | 2023 |
Upper Middle-Income Economies | 14,100 | 2023 | |
63 | Costa Rica | 13,850 | 2023 |
64 | China | 13,400 | 2023 |
– | World | 13,212 | 2023 |
65 | Argentina | 12,520 | 2023 |
66 | Saint Lucia | 12,400 | 2023 |
67 | Mexico | 12,100 | 2023 |
68 | Malaysia | 11,970 | 2023 |
69 | Turkey | 11,650 | 2023 |
70 | Mauritius | 11,530 | 2023 |
71 | Montenegro | 11,500 | 2023 |
72 | Maldives | 11,030 | 2023 |
73 | Kazakhstan | 10,940 | 2023 |
74 | Saint Vincent and the Grenadines | 10,070 | 2023 |
75 | Serbia | 10,030 | 2023 |
76 | Grenada | 9,800 | 2023 |
77 | Dominican Republic | 9,700 | 2023 |
78 | Brazil | 9,070 | 2023 |
79 | Cuba | 8,920 | 2019 |
79 | Dominica | 8,920 | 2023 |
81 | Bosnia and Herzegovina | 8,160 | 2023 |
82 | Gabon | 7,960 | 2023 |
83 | Belarus | 7,780 | 2023 |
84 | North Macedonia | 7,660 | 2023 |
85 | Botswana | 7,620 | 2023 |
86 | Albania | 7,570 | 2023 |
86 | Libya | 7,570 | 2023 |
86 | Marshall Islands | 7,570 | 2023 |
89 | Tuvalu | 7,550 | 2023 |
90 | Armenia | 7,330 | 2023 |
91 | Belize | 7,190 | 2023 |
92 | Thailand | 7,180 | 2023 |
93 | Turkmenistan | 7,080 | 2019 |
94 | Peru | 6,990 | 2023 |
95 | Colombia | 6,870 | 2023 |
96 | South Africa | 6,750 | 2023 |
97 | Azerbaijan | 6,680 | 2023 |
97 | Georgia | 6,680 | 2023 |
99 | Ecuador | 6,510 | 2023 |
100 | Paraguay | 6,200 | 2023 |
101 | Jamaica | 6,150 | 2023 |
102 | Moldova | 6,110 | 2023 |
103 | Kosovo | 5,980 | 2023 |
104 | Iraq | 5,600 | 2023 |
105 | Fiji | 5,580 | 2023 |
105 | Guatemala | 5,580 | 2023 |
107 | Suriname | 5,360 | 2023 |
108 | Equatorial Guinea | 5,240 | 2023 |
109 | Ukraine | 5,070 | 2023 |
110 | Tonga | 5,000 | 2022 |
111 | Algeria | 4,960 | 2023 |
112 | Mongolia | 4,950 | 2023 |
113 | El Salvador | 4,920 | 2023 |
114 | Indonesia | 4,870 | 2023 |
114 | Namibia | 4,870 | 2023 |
116 | Iran | 4,680 | 2023 |
Lower Middle-Income Economies | 4,520 | 2023 | |
117 | Jordan | 4,460 | 2023 |
118 | Cabo Verde | 4,280 | 2023 |
119 | Philippines | 4,230 | 2023 |
120 | Palestine | 4,220 | 2023 |
121 | Vietnam | 4,180 | 2023 |
122 | Micronesia | 4,150 | 2023 |
123 | Samoa | 4,020 | 2023 |
124 | Egypt | 3,900 | 2023 |
125 | Eswatini | 3,860 | 2023 |
126 | Tunisia | 3,770 | 2023 |
127 | Lebanon | 3,740 | 2023 |
128 | Kiribati | 3,730 | 2023 |
129 | Morocco | 3,700 | 2023 |
130 | Vanuatu | 3,660 | 2023 |
131 | Bolivia | 3,600 | 2023 |
132 | Bhutan | 3,590 | 2022 |
133 | Sri Lanka | 3,540 | 2023 |
134 | Djibouti | 3,450 | 2023 |
135 | Honduras | 2,900 | 2023 |
136 | Bangladesh | 2,860 | 2023 |
137 | Papua New Guinea | 2,840 | 2023 |
138 | Ivory Coast | 2,670 | 2023 |
139 | India | 2,540 | 2023 |
140 | Sao Tome and Principe | 2,480 | 2023 |
141 | Republic of the Congo | 2,470 | 2023 |
142 | Uzbekistan | 2,360 | 2023 |
143 | Ghana | 2,340 | 2023 |
144 | Nicaragua | 2,270 | 2023 |
144 | Solomon Islands | 2,270 | 2023 |
146 | Mauritania | 2,150 | 2023 |
147 | Timor-Leste | 2,140 | 2023 |
148 | Angola | 2,130 | 2023 |
149 | Laos | 2,120 | 2023 |
150 | Kenya | 2,110 | 2023 |
151 | Nigeria | 1,930 | 2023 |
152 | Cambodia | 1,810 | 2023 |
153 | Haiti | 1,740 | 2023 |
153 | Zimbabwe | 1,740 | 2023 |
155 | Kyrgyzstan | 1,700 | 2023 |
156 | Senegal | 1,660 | 2023 |
157 | Cameroon | 1,650 | 2023 |
158 | Comoros | 1,600 | 2023 |
159 | Pakistan | 1,500 | 2023 |
160 | Benin | 1,440 | 2023 |
160 | Tajikistan | 1,440 | 2023 |
162 | Nepal | 1,370 | 2023 |
163 | Guinea | 1,360 | 2023 |
164 | Zambia | 1,320 | 2023 |
165 | Myanmar | 1,210 | 2023 |
165 | Tanzania | 1,210 | 2023 |
167 | Lesotho | 1,160 | 2023 |
Low Income Economies | 1,150 | 2023 | |
168 | Ethiopia | 1,130 | 2023 |
169 | South Sudan | 1,040 | 2015 |
170 | Togo | 990 | 2023 |
171 | Sudan | 980 | 2023 |
172 | Rwanda | 980 | 2023 |
172 | Uganda | 980 | 2023 |
174 | Guinea-Bissau | 900 | 2023 |
175 | Mali | 860 | 2023 |
176 | Burkina Faso | 850 | 2023 |
177 | The Gambia | 830 | 2023 |
178 | Yemen | 820 | 2018 |
179 | Liberia | 730 | 2023 |
180 | Chad | 710 | 2023 |
181 | DR Congo | 660 | 2023 |
182 | Malawi | 640 | 2023 |
183 | Somalia | 610 | 2023 |
184 | Niger | 600 | 2023 |
185 | Sierra Leone | 560 | 2023 |
185 | Syria | 560 | 2021 |
187 | Madagascar | 530 | 2023 |
187 | Mozambique | 530 | 2023 |
189 | Central African Republic | 470 | 2023 |
190 | Afghanistan | 360 | 2022 |
191 | Burundi | 230 | 2023 |
High-income group | ||||
---|---|---|---|---|
American Samoa (US) | ||||
British Virgin Islands (UK) | ||||
Cook Islands (New Zealand) | ||||
Gibraltar (UK) | ||||
Guam (US) | ||||
Monaco | ||||
Northern Mariana Islands (US) | ||||
Saint Martin (France) | ||||
Taiwan | ||||
U.S. Virgin Islands (US) | ||||
Upper-middle-income group | ||||
Venezuela | ||||
Low-income group | ||||
North Korea |
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region. Definitions of GDP are maintained by several national and international economic organizations, such as the OECD and the International Monetary Fund.
Per capita income (PCI) or average income measures the average income earned per person in a given area in a specified year.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), Gross national income (GNI), net national income (NNI), and adjusted national income. All are specially concerned with counting the total amount of goods and services produced within the economy and by various sectors. The boundary is usually defined by geography or citizenship, and it is also defined as the total income of the nation and also restrict the goods and services that are counted. For instance, some measures count only goods & services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them.
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign financial output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The ten largest emerging economies by nominal GDP are 4 of the 9 BRICS countries along with Mexico, South Korea, Indonesia, Turkey, Saudi Arabia, and Poland. The inclusion of South Korea, Poland, and sometimes Taiwan are questionable given they are no longer considered emerging markets by the IMF and World Bank If we ignore those three, the top ten would include Argentina and Thailand.
Real income is the income of individuals or nations after adjusting for inflation. It is calculated by dividing nominal income by the price level. Real variables such as real income and real GDP are variables that are measured in physical units, while nominal variables such as nominal income and nominal GDP are measured in monetary units. Therefore, real income is a more useful indicator of well-being since it measures the amount of goods and services that can be purchased with the income. Growth of real income is related to real gross national income per capita growth.
The World Bank has used the Atlas method since 1993 to estimate the economic size of countries based on their gross national income (GNI) in U.S. dollars.
Income in India discusses the financial state in India. With rising economic growth and prosperity, India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GRI growth rate at constant prices was around 6.6 percent. While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the Gross Domestic Product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation.
1 These countries are currently not participating in the EU's single market (EEA), but the EU has common external Customs Union agreements with Turkey, Andorra and San Marino. Monaco participates in the EU customs union through its relationship with France; its ports are administered by the French. Vatican City has a customs union in effect with Italy.
2 Monaco, San Marino and Vatican City are not members of Schengen, but act as such via their open borders with France and Italy, respectively.
3 Switzerland is not an official member of EEA but has bilateral agreements largely with same content, making it virtual member.
This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth.
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