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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 (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

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 with their latest available estimates, and can be reranked by either of the sources.

GDP (in USD) per capita by country (including  territories, and countries not included in the IMF report )
Country/Territory UN Region IMF[4][5] World Bank[6] United Nations[7]
Estimate Year Estimate Year Estimate Year








 Monaco Europe 234,316 2021 234,317 2021
 Liechtenstein Europe 157,755 2020 169,260 2021
 Luxembourg Europe 132,372 2023 133,590 2021 133,745 2021
 Ireland Europe 114,581 2023 100,172 2021 101,109 2021
 Bermuda Americas 114,090 2021 112,653 2021
 Norway Europe 101,103 2023 89,154 2021 89,242 2021
 Switzerland Europe 98,767 2023 91,992 2021 93,525 2021
 Singapore Asia 91,100 2023 72,794 2021 66,822 2021
 Isle of Man Europe 87,158 2019
 Cayman Islands Americas 86,569 2021 85,250 2021
 Qatar Asia 83,891 2023 66,838 2021 66,799 2021
 United States Americas 80,034 2023 70,249 2021 69,185 2021
 Iceland Europe 75,180 2023 68,728 2021 69,133 2021
 Channel Islands Europe 75,153 2007
 Faroe Islands Europe 69,010 2021
 Denmark Europe 68,827 2023 68,008 2021 68,037 2021
 Australia Oceania 64,964 2023 60,443 2021 66,916 2021
 Netherlands Europe 61,098 2023 57,768 2021 57,871 2021
 Greenland Americas 54,571 2020 58,185 2021
 Austria Europe 56,802 2023 53,638 2021 53,840 2021
 Israel Asia 55,535 2023 52,171 2021 54,111 2021
 Sweden Europe 55,395 2023 61,029 2021 60,730 2021
 Finland Europe 54,351 2023 53,655 2021 53,703 2021
 Belgium Europe 53,377 2023 51,247 2021 51,166 2021
 San Marino Europe 52,949 2023 45,320 2020 50,425 2021
 Canada Americas 52,722 2023 51,988 2021 52,112 2021
 Hong Kong Asia 52,429 2023 49,801 2021 49,259 2021
 Germany Europe 51,383 2023 51,204 2021 51,073 2021
 Macau Asia 50,571 2023 43,874 2021 43,555 2021
 United Arab Emirates Asia 49,451 2023 44,316 2021 43,295 2021
 British Virgin Islands Americas 49,444 2021
 New Zealand Oceania 48,826 2023 48,781 2021 48,824 2021
 United Kingdom Europe 46,371 2023 46,510 2021 46,542 2021
 France Europe 44,408 2023 43,659 2021 44,229 2021
 Andorra Europe 44,387 2023 42,137 2021 42,066 2021
 European Union[n 1] Europe 39,940 2023 38,411 2021 31,875 [8]2021
 US Virgin Islands Americas 39,552 2020
 Puerto Rico Americas 38,567 2023 32,641 2021 32,716 2021
 New Caledonia Oceania 37,160 2021 34,994 2021
 Malta Europe 36,989 2023 33,487 2021 33,642 2021
 Italy Europe 36,812 2023 35,658 2021 35,579 2021
 Guam Oceania 35,905 2021
 Bahamas Americas 35,458 2023 27,478 2021 27,478 2021
 Japan Asia 35,385 2023 39,313 2021 39,650 2021
 Brunei Asia 35,103 2023 31,449 2021 31,449 2021
 Taiwan Asia 33,907 [n 2]2023
 Cyprus Asia 33,807 [n 3]2023 31,552 [n 3]2021 32,281 [n 3]2021
 Kuwait Asia 33,646 2023 24,300 2020 32,150 2021
 South Korea Asia 33,393 2023 34,998 2021 34,940 2021
 Aruba Americas 33,094 2023 29,342 2021 29,342 2021
 Slovenia Europe 32,214 2023 29,291 2021 29,135 2021
 Czech Republic Europe 31,368 2023 26,821 2021 26,809 2021
 Spain Europe 31,223 2023 30,104 2021 30,058 2021
 Estonia Europe 31,209 2023 27,944 2021 27,991 2021
 Saudi Arabia Asia 29,922 2023 23,186 2021 23,186 2021
 Bahrain Asia 28,385 2023 26,563 2021 26,563 2021
 Lithuania Europe 28,094 2023 23,723 2021 23,844 2021
 Sint Maarten (Dutch part) Americas 28,988 2018 26,199 2021
 Portugal Europe 26,012 2023 24,568 2021 24,651 2021
 Latvia Europe 25,136 2023 21,148 2021 21,267 2021
 Northern Mariana Islands Oceania 23,707 2019
 Slovakia Europe 23,457 2023 21,392 2021 21,390 2021
 Greece Europe 22,595 2023 20,193 2021 20,571 2021
 Oman Asia 21,960 2023 19,510 2021 19,509 2021
 Saint Martin (French part) Americas 21,921 2014
 Uruguay Americas 21,677 2023 17,313 2021 17,313 2021
 Barbados Americas 21,085 2023 17,226 2021 17,225 2021
 Turks and Caicos Islands Americas 20,909 2021 20,909 2021
 Guyana Americas 20,539 2023 9,999 2021 9,999 2021
 Croatia Europe 20,537 2023 17,685 2021 16,983 2021
 French Polynesia Oceania 19,915 2021 19,915 2021
 Poland Europe 19,912 2023 18,000 2021 17,736 2021
 Trinidad and Tobago Americas 19,858 2023 16,033 2021 16,033 2021
 Seychelles Africa 19,536 2023 14,653 2021 12,085 2021
 Hungary Europe 19,385 2023 18,728 2021 18,728 2021
 Cook Islands Oceania 19,264 2021
 Anguilla Americas 19,216 2021
 Romania Europe 18,530 2023 14,858 2021 14,698 2021
 Antigua and Barbuda Americas 18,244 2023 15,781 2021 15,246 2021
 Saint Kitts and Nevis Americas 17,856 2023 18,083 2021 18,083 2021
 Chile Americas 17,827 2023 16,265 2021 16,265 2021
 Curaçao Americas 17,718 2021 14,183 2021
 Maldives Asia 17,626 2023 10,366 2021 10,366 2021
 Panama Americas 17,350 2023 14,618 2021 14,618 2021
 Montserrat Americas 16,199 2021
 American Samoa Oceania 15,743 2021
 Bulgaria Europe 14,893 2023 12,222 2021 12,207 2021
 Palau Oceania 14,804 2023 12,084 2021 12,084 2021
 Costa Rica Americas 14,733 2023 12,472 2021 12,472 2021
 Russia Europe 14,403 2023 12,195 2021 12,259 2021
 China Asia 13,721 [n 4]2023 12,556 [n 5]2021 12,437 [n 4]2021
 Argentina Americas 13,709 2023 10,636 2021 10,761 2021
 World 13,440 2023 12,235 2021 12,230 2021
 Malaysia Asia 13,382 2023 11,109 2021 11,101 2021
 Turkmenistan Asia 13,065 2023 7,345 2019 8,508 2021
 Mexico Americas 12,673 2023 10,046 2021 10,046 2021
 Kazakhstan Asia 12,306 2023 10,374 2021 10,055 2021
 Saint Lucia Americas 12,264 2023 9,414 2021 9,824 2021
 Turkey Asia 11,931 2023 9,661 2021 9,661 2021
 Nauru Oceania 11,825 2023 10,648 2021 12,390 2021
 Mauritius Africa 11,548 2023 9,106 2021 8,873 2021
 Dominican Republic Americas 11,308 2023 8,477 2021 8,477 2021
 Montenegro Europe 11,289 2023 9,466 2021 9,252 2021
 Cuba Americas 9,499 2020 11,255 2021
 Grenada Americas 11,137 2023 9,011 2021 8,950 2021
 Serbia Europe 10,849 2023 9,230 2021 8,643 2021
 Equatorial Guinea Africa 9,777 2023 7,507 2021 7,605 2021
 Brazil Americas 9,673 2023 7,507 2021 7,507 2021
 Saint Vincent and the Grenadines Americas 9,359 2023 8,666 2021 8,440 2021
 Gabon Africa 9,294 2023 8,635 2021 7,911 2021
 Dominica Americas 9,144 2023 7,653 2021 7,571 2021
 Bosnia and Herzegovina Europe 8,223 2023 7,143 2021 7,143 2021
 Thailand Asia 8,181 2023 7,066 2021 7,067 2021
 Armenia Asia 8,007 2023 4,967 2021 4,967 2021
 Belarus Europe 7,944 2023 7,302 2021 7,121 2021
 Peru Americas 7,772 2023 6,622 2021 6,622 2021
 Georgia Asia 7,600 [n 6]2023 5,023 [n 6]2021 4,975 [n 6]2021
 North Macedonia Europe 7,384 2023 6,695 2021 6,600 2021
 Botswana Africa 7,270 2023 6,805 2021 6,805 2021
 Albania Europe 7,058 2023 6,493 2021 6,396 2021
 Belize Americas 7,017 2023 6,228 2021 6,229 2021
 Libya Africa 6,763 2023 6,357 2021 5,791 2021
 Azerbaijan Asia 6,757 2023 5,388 2021 5,296 2021
 Ecuador Americas 6,642 2023 5,965 2021 5,965 2021
 South Africa Africa 6,485 2023 7,055 2021 7,055 2021
 Colombia Americas 6,417 2023 6,104 2021 6,104 2021
 Moldova Europe 6,342 [n 7]2023 5,231 [n 7]2021 4,468 [n 7]2021
 Jamaica Americas 6,282 2023 5,184 2021 5,184 2021
 Iraq Asia 6,180 2023 4,775 2021 4,686 2021
 Tuvalu Oceania 6,007 2023 5,632 2021 5,370 2021
 Fiji Oceania 5,887 2023 4,647 2021 4,647 2021
 Paraguay Americas 5,667 2023 5,892 2021 6,035 2021
 Kosovo Europe 5,641 2023 5,270 2021 5,663 2021
 Suriname Americas 5,556 2023 4,869 2021 5,259 2021
 Tonga Oceania 5,421 2023 4,426 2021 4,451 2021
 Guatemala Americas 5,358 2023 5,026 2021 4,883 2021
 El Salvador Americas 5,308 2023 4,551 2021 4,551 2021
 Marshall Islands Oceania 5,164 2023 6,172 2021 6,111 2021
 Namibia Africa 5,100 2023 4,866 2021 4,836 2021
 Jordan Asia 5,048 2023 4,103 2021 4,058 2021
 Indonesia Asia 5,016 2023 4,333 2021 4,333 2021
 Mongolia Asia 4,814 2023 4,566 2021 4,510 2021
 Ukraine Europe 4,654 [n 8]2023 4,836 [n 8]2021 4,596 [n 8]2021
 Algeria Africa 4,481 2023 3,691 2021 3,700 2021
 Vietnam Asia 4,475 2023 3,757 2021 3,756 2021
 Samoa Oceania 4,436 2023 3,857 2021 3,919 2021
 Micronesia Oceania 4,336 2023 3,571 2021 3,573 2021
 Cape Verde Africa 4,278 2023 3,293 2021 3,293 2021
 Iran Asia 4,251 2023 4,091 2021 6,766 2021
 Eswatini Africa 4,146 2023 3,978 2021 3,969 2021
 Lebanon Asia 3,589 2020 4,136 2021 6,785 2021
 Tunisia Africa 4,071 2023 3,807 2021 3,807 2021
 Philippines Asia 3,905 2023 3,461 2021 3,461 2021
 Djibouti Africa 3,802 2023 3,150 2021 3,348 2021
 Bolivia Americas 3,800 2023 3,345 2021 3,345 2021
 Morocco Africa 3,748 2023 3,795 2021 3,853 2021
 Egypt Africa 3,644 2023 3,699 2021 3,898 2021
 Venezuela Americas 3,640 2023 15,976 2014 3,965 2021
 Papua New Guinea Oceania 3,517 2023 2,673 2021 2,673 2021
 Palestine Asia 3,506 [n 9]2023 3,664 [n 9]2021 3,514 [n 10]2021
 Bhutan Asia 3,497 2023 3,266 2021 3,063 2021
 Sri Lanka Asia 3,362 2022 4,014 2021 3,918 2021
 Honduras Americas 3,278 2023 2,772 2021 2,772 2021
 Angola Africa 3,204 2023 1,954 2021 2,258 2021
 Vanuatu Oceania 3,188 2023 2,997 2021 3,073 2021
 São Tomé and Príncipe Africa 2,695 2023 2,361 2021 2,486 2021
 Ivory Coast Africa 2,646 2023 2,549 2021 2,539 2021
 India Asia 2,601 2023 2,257 2021 2,274 2021
 Nicaragua Americas 2,589 2023 2,046 2021 2,046 2021
 Congo Africa 2,584 2023 2,290 2021 2,200 2021
 Uzbekistan Asia 2,563 2023 1,983 2021 2,032 2021
 Mauritania Africa 2,475 2023 2,166 2021 2,166 2021
 Bangladesh Asia 2,469 2023 2,458 2021 2,450 2021
 Solomon Islands Oceania 2,299 2023 2,305 2021 2,306 2021
 Nigeria Africa 2,280 2023 2,066 2021 2,019 2021
 Kenya Africa 2,269 2023 2,082 2021 2,082 2021
 Haiti Americas 2,173 2023 1,830 2021 1,664 2021
 Ghana Africa 2,024 2023 2,363 2021 2,409 2021
 Kiribati Oceania 1,989 2023 1,607 2021 1,765 2021
 Cambodia Asia 1,896 2023 1,625 2021 1,608 2021
 Laos Asia 1,858 2023 2,536 2021 2,569 2021
 Zimbabwe Africa 1,851 2023 1,774 2021 1,508 2021
 Kyrgyzstan Asia 1,736 2023 1,277 2021 1,339 2021
 Senegal Africa 1,719 2023 1,637 2021 1,637 2021
 Cameroon Africa 1,699 2023 1,667 2021 1,668 2021
 Pakistan Asia 1,658 2022 1,505 2021 1,480 2021
 Guinea Africa 1,549 2023 1,189 2021 1,185 2021
 Ethiopia Africa 1,475 2023 925 2021 825 2021
 Timor-Leste Asia 1,425 2023 2,741 2021 1,517 2021
 Zambia Africa 1,423 2023 1,137 2021 1,095 2021
 Benin Africa 1,390 2023 1,319 2021 1,361 2021
 Nepal Asia 1,377 2023 1,208 2021 1,159 2021
 Comoros Africa 1,360 2023 1,578 2021 1,631 2021
 Tanzania Africa 1,348 2023 1,099 2021 1,136 [n 11]2021
 Tajikistan Asia 1,277 2023 897 2021 897 2021
 Zanzibar Africa 1,211 2021
 Lesotho Africa 1,208 2023 1,094 2021 1,040 2021
 Myanmar Asia 1,180 2023 1,210 2021 1,089 2021
 Uganda Africa 1,105 2023 884 2021 930 2021
 Togo Africa 990 2023 973 2021 944 2021
 Sudan Africa 975 2023 752 2021 786 2021
 Guinea-Bissau Africa 974 2023 795 2021 759 2021
 Rwanda Africa 970 2023 822 2021 822 2021
 Syria Asia 533 2020 925 2021
 Burkina Faso Africa 900 2023 893 2021 893 2021
 Mali Africa 889 2023 874 2021 875 2021
 Gambia Africa 861 2023 772 2021 772 2021
 Liberia Africa 805 2023 676 2021 471 2021
 Eritrea Africa 715 2023 644 2011 623 2021
 DR Congo Africa 695 2023 577 2021 551 2021
 Chad Africa 667 2023 686 2021 955 2021
 North Korea Asia 654 2021
 Niger Africa 613 2023 591 2021 591 2021
 Mozambique Africa 587 2023 492 2021 492 2021
 Yemen Asia 573 2023 702 2018 302 2021
 Somalia Africa 544 2023 447 2021 447 2021
 Madagascar Africa 536 2023 501 2021 500 2021
 Central African Republic Africa 534 2023 461 2021 461 2021
 Malawi Africa 496 2023 635 2021 613 2021
 South Sudan Africa 467 2023 1,072 2015 400 2021
 Sierra Leone Africa 415 2023 480 2021 505 2021
 Afghanistan Asia 611 2020 369 2021 373 2021
 Burundi Africa 249 2023 222 2021 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. ^ The name used by the IMF is the "Taiwan Province of China".
  3. ^ a b c Data are for the area controlled by the Government of the Republic of Cyprus.
  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 2023". IMF.org. International Monetary Fund. 10 April 2023. Retrieved 14 April 2023.
  5. ^ "IMF DataMapper / Datasets / World Economic Outlook (April 2023) / GDP per capita, current prices / List (2023) - Analytical group: European Union, World". IMF.org. International Monetary Fund. 10 April 2023. Retrieved 12 April 2023.
  6. ^ "GDP per capita (current US$)". World Development Indicators. The World Bank. Retrieved 14 January 2023.{{cite web}}: CS1 maint: url-status (link)
  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.