List of countries by GDP (nominal) per capita

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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.

Note that 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 234,317 2021 234,317 2021
 Liechtenstein Europe 184,083 2021 169,260 2021
 Luxembourg Europe 131,384 2024 126,426 2022 133,745 2021
 Bermuda Americas 118,846 2022 112,653 2021
 Ireland Europe 106,059 2024 104,039 2022 101,109 2021
 Switzerland Europe 105,669 2024 92,102 2022 93,525 2021
 Norway Europe 94,660 2024 106,149 2022 89,242 2021
 Cayman Islands Americas 88,476 2021 85,250 2021
 Singapore Asia 88,447 2024 82,808 2022 66,822 2021
 United States Americas 85,373 2024 76,399 2022 69,185 2021
 Iceland Europe 84,594 2024 72,903 2022 69,133 2021
 Qatar Asia 81,400 2024 88,046 2022 66,799 2021
 Isle of Man Europe 79,531 2020
 Macau Asia 78,962 2024 31,618 2022 43,555 2021
 Faroe Islands Europe 69,010 2021
 Denmark Europe 68,898 2024 66,983 2022 68,037 2021
 Channel Islands Europe 67,961 2021
 Australia Oceania 66,589 2024 64,491 2022 66,916 2021
 Netherlands Europe 63,750 2024 55,985 2022 57,871 2021
 San Marino Europe 59,405 2024 54,983 2021 50,425 2021
 Austria Europe 59,225 2024 52,131 2022 53,840 2021
 Sweden Europe 58,529 2024 55,873 2022 60,730 2021
 Greenland Americas 57,116 2021 58,185 2021
 Belgium Europe 55,536 2024 49,583 2022 51,166 2021
 Finland Europe 55,127 2024 50,537 2022 53,703 2021
 Canada Americas 54,866 2024 54,967 2022 52,112 2021
 Germany Europe 54,291 2024 48,433 2022 51,073 2021
 United Arab Emirates Asia 53,916 2024 53,758 2022 43,295 2021
 Hong Kong Asia 53,606 2024 48,984 2022 49,259 2021
 Israel Asia 53,372 2024 54,660 2022 54,111 2021
 United Kingdom Europe 51,075 2024 45,850 2022 46,542 2021
 British Virgin Islands Americas 49,444 2021
 New Zealand Oceania 48,531 2024 48,249 2022 48,824 2021
 France Europe 47,359 2024 40,964 2022 44,229 2021
 Andorra Europe 44,900 2024 41,993 2022 42,066 2021
 European Union[n 1] Europe 42,440 2024 37,150 2022 31,875 [8]2021
 Malta Europe 41,738 2024 33,941 2022 33,642 2021
 Italy Europe 39,580 2024 34,158 2022 37,150 2021
 U.S. Virgin Islands Americas 39,552 2020
 Aruba Americas 38,018 2024 29,342 2021 29,342 2021
 Puerto Rico Americas 37,172 2024 35,209 2022 32,716 2021
 Cyprus Asia 37,149 [n 2]2024 31,284 [n 2]2022 32,281 [n 2]2021
 New Caledonia Oceania 36,668 2022 34,994 2021
 Sint Maarten (Dutch part) Americas 36,220 2022 26,199 2021
 Guam Oceania 35,905 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 32,255 2022 34,940 2021
 Spain Europe 34,045 2024 29,350 2022 30,058 2021
 Slovenia Europe 34,026 2024 29,457 2022 29,135 2021
 Japan Asia 33,138 2024 33,815 2022 39,650 2021
 Saudi Arabia Asia 33,040 2024 30,436 2022 23,186 2021
 Estonia Europe 31,855 2024 28,333 2022 27,991 2021
 Kuwait Asia 31,724 2024 43,234 2022 32,150 2021
 Czech Republic Europe 29,801 2024 27,638 2022 26,809 2021
 Portugal Europe 28,969 2024 24,275 2022 24,651 2021
 Bahrain Asia 28,876 2024 30,152 2022 26,563 2021
 Lithuania Europe 28,407 2024 24,827 2022 23,844 2021
 Guyana Americas 26,592 2024 18,990 2022 9,999 2021
 Slovakia Europe 25,935 2024 21,258 2022 21,390 2021
 Latvia Europe 24,194 2024 21,851 2022 21,267 2021
 Greece Europe 23,966 2024 20,867 2022 20,571 2021
 Saint Kitts and Nevis Americas 23,705 2024 20,177 2022 18,083 2021
 Barbados Americas 23,596 2024 20,019 2022 17,225 2021
 Hungary Europe 23,319 2024 18,463 2022 18,728 2021
 Uruguay Americas 23,088 2024 20,795 2022 17,313 2021
 Poland Europe 23,014 2024 18,321 2022 17,736 2021
 Croatia Europe 22,966 2024 18,413 2022 16,983 2021
 Saint Martin (French part) Americas 21,921 2014
 Seychelles Africa 21,875 2024 15,875 2022 12,085 2021
 Oman Asia 20,913 2024 25,057 2022 19,509 2021
 Antigua and Barbuda Americas 20,533 2024 18,745 2022 15,246 2021
 Turks and Caicos Islands Americas 20,177 2022 20,909 2021
 French Polynesia Oceania 19,999 2021 19,915 2021
 Trinidad and Tobago Americas 19,861 2024 18,222 2022 16,033 2021
 Romania Europe 19,530 2024 15,892 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
 Costa Rica Americas 18,031 2024 13,199 2022 12,472 2021
 Maldives Asia 17,818 2024 11,818 2022 10,366 2021
 Curaçao Americas 17,718 2021 14,183 2021
 Palau Oceania 17,441 2024 12,084 2021 12,084 2021
 Northern Mariana Islands Oceania 17,303 2020
 Bulgaria Europe 16,943 2024 13,773 2022 12,207 2021
 Chile Americas 16,616 2024 15,356 2022 16,265 2021
 Montserrat Americas 16,199 2021
 American Samoa Oceania 15,743 2021
 Mexico Americas 15,249 2024 11,091 2022 10,046 2021
 Kazakhstan Asia 14,778 2024 11,243 2022 10,055 2021
 Russia Europe 14,391 2024 15,345 2022 12,259 2021
 Saint Lucia Americas 14,101 2024 11,482 2022 9,824 2021
 World 13,840 2024 12,648 2022 12,230 2021
 Malaysia Asia 13,315 2024 11,972 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 10,216 2022 8,873 2021
 Argentina Americas 12,812 2024 13,686 2022 10,761 2021
 Turkey Asia 12,765 2024 10,616 2022 9,661 2021
 Montenegro Europe 12,646 2024 9,894 2022 9,252 2021
 Turkmenistan Asia 12,412 2024 7,297 2020 8,508 2021
 Serbia Europe 12,384 2024 9,394 2022 8,643 2021
 Nauru Oceania 12,362 2024 10,648 2021 12,390 2021
 Grenada Americas 12,255 2024 10,016 2022 8,950 2021
 Dominican Republic Americas 11,774 2024 10,121 2022 8,477 2021
 Brazil Americas 11,352 2024 9,460 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 8,415 2022 7,571 2021
 Gabon Africa 9,308 2024 8,820 2022 7,911 2021
 Albania Europe 8,924 2024 6,803 2022 6,396 2021
 Georgia Asia 8,825 [n 6]2024 6,628 [n 6]2022 4,975 [n 6]2021
 Armenia Asia 8,575 2024 7,014 2022 4,967 2021
 Bosnia and Herzegovina Europe 8,416 2024 7,585 2022 7,143 2021
 Peru Americas 8,291 2024 7,126 2022 6,622 2021
 Botswana Africa 7,875 2024 7,738 2022 6,805 2021
 Thailand Asia 7,812 2024 6,909 2022 7,067 2021
 North Macedonia Europe 7,694 2024 6,592 2022 6,600 2021
 Azerbaijan Asia 7,641 2024 7,737 2022 5,296 2021
 Belarus Europe 7,558 2024 7,905 2022 7,121 2021
 Moldova Europe 7,488 [n 7]2024 5,563 [n 7]2022 4,468 [n 7]2021
 Colombia Americas 7,327 2024 6,630 2022 6,104 2021
 Jamaica Americas 7,309 2024 6,047 2022 5,184 2021
 Belize Americas 7,170 2024 6,968 2022 6,229 2021
 Libya Africa 6,975 2024 6,716 2022 5,791 2021
 Equatorial Guinea Africa 6,733 2024 7,054 2022 7,605 2021
 Marshall Islands Oceania 6,711 2024 6,728 2022 6,111 2021
 Suriname Americas 6,702 2024 5,858 2022 5,259 2021
 Ecuador Americas 6,567 2024 6,391 2022 5,965 2021
 Kosovo Europe 6,389 2024 5,351 2022 5,663 2021
 Fiji Oceania 6,287 2024 5,317 2022 4,647 2021
 Mongolia Asia 6,182 2024 4,947 2022 4,510 2021
 Tuvalu Oceania 6,001 2024 5,335 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 6,777 2022 7,055 2021
 Tonga Oceania 5,840 2024 4,426 2021 4,451 2021
 Algeria Africa 5,722 2024 4,274 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 4,388 2022 6,766 2021
 Indonesia Asia 5,271 2024 4,788 2022 4,333 2021
 Micronesia Oceania 5,120 2024 3,741 2022 3,573 2021
 Samoa Oceania 4,840 2024 3,743 2022 3,919 2021
 Namibia Africa 4,745 2024 4,911 2022 4,836 2021
 Jordan Asia 4,705 2024 4,205 2022 4,058 2021
 Cape Verde Africa 4,656 2024 3,903 2022 3,293 2021
 Vietnam Asia 4,623 2024 4,164 2022 3,756 2021
 Tunisia Africa 4,435 2024 3,777 2022 3,807 2021
 Eswatini Africa 4,324 2024 4,040 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 3,528 2022 3,853 2021
 Bhutan Asia 4,014 2024 3,266 2022 3,063 2021
 Bolivia Americas 4,014 2024 3,523 2022 3,345 2021
 Venezuela Americas 3,867 2024 15,976 2014 3,965 2021
 Vanuatu Oceania 3,734 2024 3,010 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 2,404 2022 2,486 2021
 Nicaragua Americas 2,791 2024 2,255 2022 2,046 2021
 India Asia 2,731 2024 2,389 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 1,787 2022 1,608 2021
 Papua New Guinea Oceania 2,530 2024 3,020 2022 2,673 2021
 Congo Africa 2,457 2024 2,448 2022 2,200 2021
 Kiribati Oceania 2,446 2024 1,702 2022 1,765 2021
 Angola Africa 2,432 2024 2,999 2022 2,258 2021
 Mauritania Africa 2,347 2024 2,191 2022 2,166 2021
 Solomon Islands Oceania 2,253 2024 2,203 2022 2,306 2021
 Ghana Africa 2,230 2024 2,176 2022 2,409 2021
 Zimbabwe Africa 2,088 2024 1,267 2022 1,508 2021
 Kenya Africa 1,983 2024 2,099 2022 2,082 2021
 Laos Asia 1,976 2024 2,088 2022 2,569 2021
 Haiti Americas 1,941 2024 1,748 2022 1,664 2021
 Kyrgyzstan Asia 1,922 2024 1,607 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 1,589 2022 1,668 2021
 Guinea Africa 1,651 2024 1,532 2022 1,185 2021
 Benin Africa 1,512 2024 1,303 2022 1,361 2021
 Pakistan Asia 1,461 2023 1,597 2022 1,480 2021
 East Timor Asia 1,454 2024 2,358 2022 1,517 2021
 Zambia Africa 1,413 2024 1,488 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 1,096 2022 1,089 2021
 Tanzania Africa 1,220 2024 1,192 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 2,184 2022 2,019 2021
 Lesotho Africa 1,107 2024 1,107 2022 1,040 2021
 Guinea-Bissau Africa 1,087 2024 776 2022 759 2021
 Togo Africa 1,058 2024 918 2022 944 2021
 Chad Africa 1,014 2024 717 2022 955 2021
 Gambia Africa 989 2024 840 2022 772 2021
 Rwanda Africa 989 2024 966 2022 822 2021
 Syria Asia 537 2020 925 2021
 Burkina Faso Africa 910 2024 833 2022 893 2021
 Mali Africa 899 2024 645 2022 875 2021
 Liberia Africa 855 2024 755 2022 471 2021
 Somalia Africa 776 2024 462 2022 447 2021
 DR Congo Africa 715 2024 587 2022 551 2021
 Niger Africa 670 2024 533 2022 591 2021
 Mozambique Africa 659 2024 542 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 505 2022 500 2021
 Central African Republic Africa 538 2024 427 2022 461 2021
 Sierra Leone Africa 527 2024 461 2022 505 2021
 Yemen Asia 486 2024 702 2018 302 2021
 Malawi Africa 481 2024 645 2022 613 2021
 Afghanistan Asia 422 2022 364 2022 373 2021
 South Sudan Africa 422 2024 1,072 2015 400 2021
 Burundi Africa 230 2024 238 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 14 January 2023.
  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