AI tools

List of countries by GDP (nominal) per capita

From Wikipedia, the free encyclopedia

List of countries by GDP (nominal) per capita

Not to be confused with List of countries by GDP (PPP) per capita.
For countries by GDP, see List of countries by GDP (nominal).

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

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

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

Summarize
Perspective

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.

More information Country/Territory, World Bank ...
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
 Monaco—256,5802023256,5812023
 Liechtenstein—186,4002022201,1502023
 Luxembourg135,3212024128,6782023128,9362023
 Bermuda—125,8412023125,8422023
 Switzerland106,098202499,5642023100,8312023
 Ireland103,5002024103,8872023106,1062023
 Cayman Islands—97,749202397,5832023
 Isle of Man—94,3002021—
 Norway90,434202487,925202387,9322023
 Singapore89,370202484,734202386,6162023
 United States86,601202482,769202380,7062023
 Iceland85,787202479,637202380,8272023
 Macau77,186202466,476202364,1582023
 Qatar71,568202480,195202371,4992023
 Denmark69,273202468,453202368,4402023
 Netherlands67,984202464,572202363,8032023
 Faroe Islands—71,7172023—
 Australia65,966202464,820202367,1292023
 Channel Islands—74,5892023—
 San Marino59,841202454,264202258,9172023
 Austria58,669202456,506202356,0422023
 Sweden57,213202456,305202355,4392023
 Belgium56,129202453,475202355,0492023
 Germany55,521202452,746202353,5282023
 Finland54,774202453,756202352,7622023
 Canada53,834202453,372202354,5172023
 Greenland—57,116202154,3742023
 Hong Kong53,165202450,697202351,1662023
 Israel53,111202452,262202355,4882023
 United Kingdom52,423202448,867202349,2242023
 United Arab Emirates49,550202452,977202348,3112023
 France48,012202444,461202344,4512023
 New Zealand47,072202448,528202348,7502023
 Andorra45,279202446,545202346,8122023
 Malta44,140202437,882202341,6762023
 European Union[n 1]43,350202440,824202331,875[8]2023
 U.S. Virgin Islands—41,9762021—
 Sint Maarten (Dutch part)—39,433202339,2372023
 Italy40,287202438,373202338,6722023
 British Virgin Islands——38,6272023
 Guam—40,2272022—
 Aruba39,697202433,301202233,8022023
 Puerto Rico37,926202436,779202336,3672023
 Cyprus37,767[n 2]202437,077[n 2]202337,077[n 2]2023
 Bahamas36,322202434,750202335,8962023
 South Korea36,132202433,121202335,5382023
 Spain35,789202432,677202333,8142023
 New Caledonia—35,746202234,9812023
 Brunei34,872202433,431202332,9632023
 Slovenia34,544202432,163202332,6422023
 Taiwan33,234[n 3]2024——
 Saudi Arabia32,881202428,895202332,0942023
 Japan32,859202433,834202333,8062023
 Kuwait32,290202437,533202333,8322023
 Estonia31,531202429,824202330,2012023
 Czech Republic31,366202430,427202331,7502023
 Turks and Caicos Islands—30,438202330,3492023
 Bahrain29,573202429,084202328,4532023
 Portugal29,341202427,275202327,7182023
 Guyana28,921202420,626202320,1892023
 Lithuania28,713202427,103202327,9562023
 Anguilla——28,8502023
 Slovakia26,290202424,470202324,0862023
 Cook Islands——25,7502023
 Barbados24,759202422,673202323,8042023
 Greece24,342202422,990202323,7722023
 Latvia24,223202423,184202322,4442023
 Saint Kitts and Nevis24,203202422,553202322,6252023
 Hungary23,881202422,147202321,9542023
 Poland23,563202422,113202320,8762023
 Croatia23,380202421,460202321,6612023
 Uruguay23,053202422,564202322,7962023
 Antigua and Barbuda22,118202421,560202321,7872023
 Seychelles21,290202417,879202316,7352023
 Oman20,631202423,295202320,9722023
 Curaçao—20,493202217,6972023
 Romania20,089202418,419202318,3482023
 Trinidad and Tobago19,703202418,333202316,9602023
 American Samoa—19,6732022—
 Panama19,369202418,662202318,7012023
 French Polynesia—18,985202222,7592023
 Palau17,978202414,565202315,8992023
 Costa Rica17,860202416,595202316,9422023
 Northern Mariana Islands—17,3032020—
 Cuba—9,500202018,3292023
 Montserrat——18,1972023
 Maldives17,287202412,667202312,5302023
 Bulgaria17,069202415,798202315,0682023
 Chile16,365202417,093202317,0682023
 Saint Martin (French part)—16,0872022—
 Turkey15,666202412,986202312,8142023
 Russia14,953202413,817202313,8092023
 Kazakhstan14,570202413,137202313,0002023
 Saint Lucia14,034202413,980202313,5552023
 Mexico13,972202413,926202313,8262023
 World13,900202413,138202313,0972023
 Malaysia13,142202411,649202311,3772023
 China12,969[n 4]202412,614[n 5]202312,509[n 4]2023
 Argentina12,814202413,730202314,1872023
 Montenegro12,802202412,017202311,8852023
 Turkmenistan12,71320249,19120238,1322023
 Mauritius12,601202411,417202311,3042023
 Serbia12,514202411,361202311,1012023
 Nauru12,285202412,060202314,8122023
 Grenada12,050202410,464202311,2462023
 Dominican Republic11,692202410,716202310,7182023
 Saint Vincent and the Grenadines10,558202410,279202310,7672023
 Brazil10,296202410,044202310,3782023
 Albania9,59820248,36820238,1722023
 Dominica9,39220248,95420239,7862023
 Gabon9,25720248,42020238,0712023
 Georgia8,883[n 6]20248,120[n 6]20238,020[n 6]2023
 North Macedonia8,65920248,14620238,6062023
 Armenia8,51820248,71620238,2282023
 Peru8,31620247,79020237,9072023
 Bosnia and Herzegovina8,22120248,42620238,6392023
 Belize8,13320247,98820237,4892023
 Equatorial Guinea8,10220247,06720236,5582023
 Belarus8,00820247,82920237,8832023
 Colombia7,91720246,98020236,9482023
 Suriname7,60020246,06920235,9762023
 Thailand7,52720247,17220237,1822023
 Jamaica7,48720246,87420236,8402023
 Azerbaijan7,38120247,15520237,0122023
 Moldova7,368[n 7]20246,651[n 7]20235,393[n 7]2023
 Botswana7,34120247,25020237,8202023
 Tuvalu7,19020245,46520236,8802023
 Marshall Islands6,85020246,76220236,9522023
 Ecuador6,75820246,53320236,6102023
 Mongolia6,66620245,76520235,7902023
 Libya6,48220247,33020236,0272023
 South Africa6,37720246,25320235,9762023
 Kosovo6,33420245,94320236,1572023
 Guatemala6,29520245,79720235,7632023
 Fiji6,25720245,86820235,8892023
 Iraq5,94720245,51220235,1492023
 Paraguay5,86920246,26020236,2762023
 El Salvador5,60720245,34420235,3912023
 Algeria5,57920245,26020235,3642023
 Ukraine5,505[n 8]20245,181[n 8]20234,737[n 8]2023
 Iran5,30020254,50220234,4322023
 Micronesia5,12020243,99220234,0842023
 Samoa5,04820244,13920234,7652023
 Indonesia4,98120244,94020234,8762023
 Tonga4,85820244,68220224,8592023
 Cape Verde4,79020254,32220234,9612023
 Jordan4,68220244,48220234,4422023
 Vietnam4,64920244,34720234,2822023
 Lebanon4,48720233,35020234,7572023
 Namibia4,41020244,74320234,1682023
 Eswatini4,37520243,79720233,7172023
 Tunisia4,26720243,89520233,9792023
 Morocco4,20420243,67220233,8302023
 Djibouti4,15520243,60620233,4692023
 Philippines4,15420243,72620233,8052023
 Bhutan4,06820243,71120223,8392023
 Venezuela4,019202415,97620144,9252023
 Bolivia3,92020243,70120233,6862022
 Sri Lanka3,33020223,82820233,6732023
 Egypt3,54220243,51320232,8952023
 Honduras3,44620243,24720233,2322023
 São Tomé and Príncipe3,42520242,60220232,9632023
 Vanuatu3,38720243,36720233,4922023
 Palestine3,181[n 9]20233,216[n 9]20233,640[n 10]2023
 Uzbekistan3,05120242,49620232,3222022
 Angola2,96120242,30920233,1842022
 Nicaragua2,87820242,53020232,2552022
 Cambodia2,74420241,87520231,5882022
 Ivory Coast2,72020242,72920232,4862022
 India2,69820242,48020232,4452022
 Bangladesh2,62520242,55120232,5282022
 Papua New Guinea2,54420242,99420233,1172022
 Kiribati2,45520242,09020231,7042022
 Congo2,38420242,50920232,5702022
 Mauritania2,37620242,14920232,3222022
 Ghana2,23220242,23820232,2042022
 Kyrgyzstan2,22920241,97020231,6492022
 Kenya2,21820241,95020232,0992022
 Solomon Islands2,20920242,20320232,2052022
 Haiti2,12020241,69320231,6192022
 Zimbabwe2,11420241,59220231,6192022
 Laos1,94520242,07520232,0402022
 Cameroon1,82120241,67420231,5882022
 Senegal1,80520241,74620231,6042022
 Guinea1,65220241,66420231,5042022
 Comoros1,63020241,58720231,4902022
 Pakistan1,58820241,36520231,3862022
 Benin1,51020241,43520231,3032022
 Timor-Leste1,45420241,64820232,3892022
 Nepal1,38120241,37720231,2902022
 Ethiopia1,35020241,29420239642022
 Tajikistan1,27620241,18920231,0542022
 Zambia1,22620241,36920231,4562022
 Tanzania1,22420241,21120231,154[n 11]2022
 Zanzibar—1,19220221,3392022
 Uganda1,18720241,01420231,0212022
 Myanmar1,17920241,18820231,2042022
 Guinea-Bissau1,106202491420237482022
 Lesotho1,062202487820239922022
 Togo1,05120241,01320239142022
 Chad1,013202471920239482022
 Gambia989202484420238252022
 Rwanda98620241,00020239662022
 Burkina Faso908202487420238462022
 Mali898202489720238332022
 Nigeria87720241,62120232,1742022
 Sierra Leone856202443320234052022
 Liberia855202479920236162022
 Syria—42120218402022
 Somalia771202464420235922022
 DR Congo702202464920235882022
 Niger698202461820235912022
 Eritrea—64420116472022
 Mozambique645202460820235582022
 Sudan60620242,27220237842022
 North Korea——5902022
 Madagascar563202452920235052022
 Central African Republic529202444520234292022
 Yemen465202453320233272022
 Malawi464202467320236152022
 Afghanistan411202335320223452022
 South Sudan34120241,07220154232022
 Burundi321202420020233132022
Close

Notes:

Distorted GDP-per-capita for tax havens

Summarize
Perspective
Main articles: Corporate haven § GDP-per-capita tax haven proxy, and Corporate haven § Distorted GDP/GNP

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. [n 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. [n 2]
    Data are for the area controlled by the Government of the Republic of Cyprus.
  3. [n 3]
    The name used by the IMF is the "Taiwan Province of China".
  4. [n 4]
    Figures for China exclude Taiwan, and the special administrative regions of Hong Kong and Macau.
  5. [n 5]
    Figures exclude special administrative regions of Hong Kong and Macau.
  6. [n 6]
    Excludes Abkhazia and South Ossetia.
  7. [n 7]
    Excludes data for Transnistria.
  8. [n 8]
    Figures exclude the Autonomous Republic of Crimea and Sevastopol.
  9. [n 9]
    The name used by the IMF and World Bank is the "West Bank and Gaza"
  10. [N 10]
    The name used by the UN is the "State of Palestine".
  11. [N 11]
    The UN figure excludes autonomous region of Zanzibar.

References

External links

Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.