List of countries by GDP (nominal) per capita

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.

Not to be confused with List of countries by GDP (PPP) per capita.
Countries or territories by GDP (nominal) per capita in 2022
  >$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.

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]
EstimateYearEstimateYearEstimateYear






 MonacoEurope—234,3162021234,3172021
 LiechtensteinEurope—157,7552020169,2602021
 LuxembourgEurope132,3722023133,5902021133,7452021
 IrelandEurope114,5812023100,1722021101,1092021
 BermudaAmericas—114,0902021112,6532021
 NorwayEurope101,103202389,154202189,2422021
 SwitzerlandEurope98,767202391,992202193,5252021
 SingaporeAsia91,100202372,794202166,8222021
 Isle of ManEurope—87,1582019—
 Cayman IslandsAmericas—86,569202185,2502021
 QatarAsia83,891202366,838202166,7992021
 United StatesAmericas80,034202370,249202169,1852021
 IcelandEurope75,180202368,728202169,1332021
 Channel IslandsEurope—75,1532007—
 Faroe IslandsEurope—69,0102021—
 DenmarkEurope68,827202368,008202168,0372021
 AustraliaOceania64,964202360,443202166,9162021
 NetherlandsEurope61,098202357,768202157,8712021
 GreenlandAmericas—54,571202058,1852021
 AustriaEurope56,802202353,638202153,8402021
 IsraelAsia55,535202352,171202154,1112021
 SwedenEurope55,395202361,029202160,7302021
 FinlandEurope54,351202353,655202153,7032021
 BelgiumEurope53,377202351,247202151,1662021
 San MarinoEurope52,949202345,320202050,4252021
 CanadaAmericas52,722202351,988202152,1122021
 Hong KongAsia52,429202349,801202149,2592021
 GermanyEurope51,383202351,204202151,0732021
 MacauAsia50,571202343,874202143,5552021
 United Arab EmiratesAsia49,451202344,316202143,2952021
 British Virgin IslandsAmericas——49,4442021
 New ZealandOceania48,826202348,781202148,8242021
 United KingdomEurope46,371202346,510202146,5422021
 FranceEurope44,408202343,659202144,2292021
 AndorraEurope44,387202342,137202142,0662021
 European Union[n 1]Europe39,940202338,411202131,875[8]2021
 US Virgin IslandsAmericas—39,5522020—
 Puerto RicoAmericas38,567202332,641202132,7162021
 New CaledoniaOceania—37,160202134,9942021
 MaltaEurope36,989202333,487202133,6422021
 ItalyEurope36,812202335,658202135,5792021
 GuamOceania—35,9052021—
 BahamasAmericas35,458202327,478202127,4782021
 JapanAsia35,385202339,313202139,6502021
 BruneiAsia35,103202331,449202131,4492021
 TaiwanAsia33,907[n 2]2023——
 CyprusAsia33,807[n 3]202331,552[n 3]202132,281[n 3]2021
 KuwaitAsia33,646202324,300202032,1502021
 South KoreaAsia33,393202334,998202134,9402021
 ArubaAmericas33,094202329,342202129,3422021
 SloveniaEurope32,214202329,291202129,1352021
 Czech RepublicEurope31,368202326,821202126,8092021
 SpainEurope31,223202330,104202130,0582021
 EstoniaEurope31,209202327,944202127,9912021
 Saudi ArabiaAsia29,922202323,186202123,1862021
 BahrainAsia28,385202326,563202126,5632021
 LithuaniaEurope28,094202323,723202123,8442021
 Sint Maarten (Dutch part)Americas—28,988201826,1992021
 PortugalEurope26,012202324,568202124,6512021
 LatviaEurope25,136202321,148202121,2672021
 Northern Mariana IslandsOceania—23,7072019—
 SlovakiaEurope23,457202321,392202121,3902021
 GreeceEurope22,595202320,193202120,5712021
 OmanAsia21,960202319,510202119,5092021
 Saint Martin (French part)Americas—21,9212014—
 UruguayAmericas21,677202317,313202117,3132021
 BarbadosAmericas21,085202317,226202117,2252021
 Turks and Caicos IslandsAmericas—20,909202120,9092021
 GuyanaAmericas20,53920239,99920219,9992021
 CroatiaEurope20,537202317,685202116,9832021
 French PolynesiaOceania—19,915202119,9152021
 PolandEurope19,912202318,000202117,7362021
 Trinidad and TobagoAmericas19,858202316,033202116,0332021
 SeychellesAfrica19,536202314,653202112,0852021
 HungaryEurope19,385202318,728202118,7282021
 Cook IslandsOceania——19,2642021
 AnguillaAmericas——19,2162021
 RomaniaEurope18,530202314,858202114,6982021
 Antigua and BarbudaAmericas18,244202315,781202115,2462021
 Saint Kitts and NevisAmericas17,856202318,083202118,0832021
 ChileAmericas17,827202316,265202116,2652021
 CuraçaoAmericas—17,718202114,1832021
 MaldivesAsia17,626202310,366202110,3662021
 PanamaAmericas17,350202314,618202114,6182021
 MontserratAmericas——16,1992021
 American SamoaOceania—15,7432021—
 BulgariaEurope14,893202312,222202112,2072021
 PalauOceania14,804202312,084202112,0842021
 Costa RicaAmericas14,733202312,472202112,4722021
 RussiaEurope14,403202312,195202112,2592021
 ChinaAsia13,721[n 4]202312,556[n 5]202112,437[n 4]2021
 ArgentinaAmericas13,709202310,636202110,7612021
 World13,440202312,235202112,2302021
 MalaysiaAsia13,382202311,109202111,1012021
 TurkmenistanAsia13,06520237,34520198,5082021
 MexicoAmericas12,673202310,046202110,0462021
 KazakhstanAsia12,306202310,374202110,0552021
 Saint LuciaAmericas12,26420239,41420219,8242021
 TurkeyAsia11,93120239,66120219,6612021
 NauruOceania11,825202310,648202112,3902021
 MauritiusAfrica11,54820239,10620218,8732021
 Dominican RepublicAmericas11,30820238,47720218,4772021
 MontenegroEurope11,28920239,46620219,2522021
 CubaAmericas—9,500202011,2552021
 GrenadaAmericas11,13720239,01120218,9502021
 SerbiaEurope10,84920239,23020218,6432021
 Equatorial GuineaAfrica9,77720237,50720217,6052021
 BrazilAmericas9,67320237,50720217,5072021
 Saint Vincent and the GrenadinesAmericas9,35920238,66620218,4402021
 GabonAfrica9,29420238,63520217,9112021
 DominicaAmericas9,14420237,65320217,5712021
 Bosnia and HerzegovinaEurope8,22320237,14320217,1432021
 ThailandAsia8,18120237,06620217,0672021
 ArmeniaAsia8,00720234,96720214,9672021
 BelarusEurope7,94420237,30220217,1212021
 PeruAmericas7,77220236,62220216,6222021
 GeorgiaAsia7,600[n 6]20235,023[n 6]20214,975[n 6]2021
 North MacedoniaEurope7,38420236,69520216,6002021
 BotswanaAfrica7,27020236,80520216,8052021
 AlbaniaEurope7,05820236,49320216,3962021
 BelizeAmericas7,01720236,22820216,2292021
 LibyaAfrica6,76320236,35720215,7912021
 AzerbaijanAsia6,75720235,38820215,2962021
 EcuadorAmericas6,64220235,96520215,9652021
 South AfricaAfrica6,48520237,05520217,0552021
 ColombiaAmericas6,41720236,10420216,1042021
 MoldovaEurope6,342[n 7]20235,231[n 7]20214,468[n 7]2021
 JamaicaAmericas6,28220235,18420215,1842021
 IraqAsia6,18020234,77520214,6862021
 TuvaluOceania6,00720235,63220215,3702021
 FijiOceania5,88720234,64720214,6472021
 ParaguayAmericas5,66720235,89220216,0352021
 KosovoEurope5,64120235,27020215,6632021
 SurinameAmericas5,55620234,86920215,2592021
 TongaOceania5,42120234,42620214,4512021
 GuatemalaAmericas5,35820235,02620214,8832021
 El SalvadorAmericas5,30820234,55120214,5512021
 Marshall IslandsOceania5,16420236,17220216,1112021
 NamibiaAfrica5,10020234,86620214,8362021
 JordanAsia5,04820234,10320214,0582021
 IndonesiaAsia5,01620234,33320214,3332021
 MongoliaAsia4,81420234,56620214,5102021
 UkraineEurope4,654[n 8]20234,836[n 8]20214,596[n 8]2021
 AlgeriaAfrica4,48120233,69120213,7002021
 VietnamAsia4,47520233,75720213,7562021
 SamoaOceania4,43620233,85720213,9192021
 MicronesiaOceania4,33620233,57120213,5732021
 Cape VerdeAfrica4,27820233,29320213,2932021
 IranAsia4,25120234,09120216,7662021
 EswatiniAfrica4,14620233,97820213,9692021
 LebanonAsia3,58920204,13620216,7852021
 TunisiaAfrica4,07120233,80720213,8072021
 PhilippinesAsia3,90520233,46120213,4612021
 DjiboutiAfrica3,80220233,15020213,3482021
 BoliviaAmericas3,80020233,34520213,3452021
 MoroccoAfrica3,74820233,79520213,8532021
 EgyptAfrica3,64420233,69920213,8982021
 VenezuelaAmericas3,640202315,97620143,9652021
 Papua New GuineaOceania3,51720232,67320212,6732021
 PalestineAsia3,506[n 9]20233,664[n 9]20213,514[n 10]2021
 BhutanAsia3,49720233,26620213,0632021
 Sri LankaAsia3,36220224,01420213,9182021
 HondurasAmericas3,27820232,77220212,7722021
 AngolaAfrica3,20420231,95420212,2582021
 VanuatuOceania3,18820232,99720213,0732021
 São Tomé and PríncipeAfrica2,69520232,36120212,4862021
 Ivory CoastAfrica2,64620232,54920212,5392021
 IndiaAsia2,60120232,25720212,2742021
 NicaraguaAmericas2,58920232,04620212,0462021
 CongoAfrica2,58420232,29020212,2002021
 UzbekistanAsia2,56320231,98320212,0322021
 MauritaniaAfrica2,47520232,16620212,1662021
 BangladeshAsia2,46920232,45820212,4502021
 Solomon IslandsOceania2,29920232,30520212,3062021
 NigeriaAfrica2,28020232,06620212,0192021
 KenyaAfrica2,26920232,08220212,0822021
 HaitiAmericas2,17320231,83020211,6642021
 GhanaAfrica2,02420232,36320212,4092021
 KiribatiOceania1,98920231,60720211,7652021
 CambodiaAsia1,89620231,62520211,6082021
 LaosAsia1,85820232,53620212,5692021
 ZimbabweAfrica1,85120231,77420211,5082021
 KyrgyzstanAsia1,73620231,27720211,3392021
 SenegalAfrica1,71920231,63720211,6372021
 CameroonAfrica1,69920231,66720211,6682021
 PakistanAsia1,65820221,50520211,4802021
 GuineaAfrica1,54920231,18920211,1852021
 EthiopiaAfrica1,475202392520218252021
 Timor-LesteAsia1,42520232,74120211,5172021
 ZambiaAfrica1,42320231,13720211,0952021
 BeninAfrica1,39020231,31920211,3612021
 NepalAsia1,37720231,20820211,1592021
 ComorosAfrica1,36020231,57820211,6312021
 TanzaniaAfrica1,34820231,09920211,136[n 11]2021
 TajikistanAsia1,277202389720218972021
 ZanzibarAfrica——1,2112021
 LesothoAfrica1,20820231,09420211,0402021
 MyanmarAsia1,18020231,21020211,0892021
 UgandaAfrica1,105202388420219302021
 TogoAfrica990202397320219442021
 SudanAfrica975202375220217862021
 Guinea-BissauAfrica974202379520217592021
 RwandaAfrica970202382220218222021
 SyriaAsia—53320209252021
 Burkina FasoAfrica900202389320218932021
 MaliAfrica889202387420218752021
 GambiaAfrica861202377220217722021
 LiberiaAfrica805202367620214712021
 EritreaAfrica715202364420116232021
 DR CongoAfrica695202357720215512021
 ChadAfrica667202368620219552021
 North KoreaAsia——6542021
 NigerAfrica613202359120215912021
 MozambiqueAfrica587202349220214922021
 YemenAsia573202370220183022021
 SomaliaAfrica544202344720214472021
 MadagascarAfrica536202350120215002021
 Central African RepublicAfrica534202346120214612021
 MalawiAfrica496202363520216132021
 South SudanAfrica46720231,07220154002021
 Sierra LeoneAfrica415202348020215052021
 AfghanistanAsia611202036920213732021
 BurundiAfrica249202322220213112021

Notes:

Distorted GDP-per-capita for tax havens
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. 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. Data are for the area controlled by the Government of the Republic of Cyprus.
  4. 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. Excludes Abkhazia and South Ossetia.
  7. Excludes data for Transnistria.
  8. Figures exclude the Republic of Crimea and Sevastopol.
  9. 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. , (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.
    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.