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 by its IMF estimate, and can be reranked by any of the sources.

GDP (in USD) per capita by country (including  non-sovereign states and territories )
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 135,605 2023 126,426 2022 133,745 2021
 Bermuda Americas 118,846 2022 112,653 2021
 Ireland Europe 112,248 2023 104,039 2022 101,109 2021
 Switzerland Europe 102,865 2023 92,102 2022 93,525 2021
 Norway Europe 99,266 2023 106,149 2022 89,242 2021
 Cayman Islands Americas 88,476 2021 85,250 2021
 Singapore Asia 87,884 2023 82,808 2022 66,822 2021
 Qatar Asia 81,968 2023 88,046 2022 66,799 2021
 United States Americas 80,412 2023 76,399 2022 69,185 2021
 Isle of Man Europe 79,531 2020
 Iceland Europe 78,837 2023 72,903 2022 69,133 2021
 Denmark Europe 71,402 2023 66,983 2022 68,037 2021
 Faroe Islands Europe 69,010 2021
 Channel Islands Europe 67,961 2021
 Australia Oceania 63,487 2023 64,491 2022 66,916 2021
 Netherlands Europe 61,770 2023 55,985 2022 57,871 2021
 San Marino Europe 58,541 2023 54,983 2021 50,425 2021
 Austria Europe 58,013 2023 52,131 2022 53,840 2021
 Greenland Americas 57,116 2021 58,185 2021
 Cuba Americas 56,495 2022 11,255 2021
 Sweden Europe 55,216 2023 55,873 2022 60,730 2021
 Finland Europe 54,507 2023 50,537 2022 53,703 2021
 Macau Asia 54,296 2023 31,618 2022 43,555 2021
 Belgium Europe 53,657 2023 49,583 2022 51,166 2021
 Canada Americas 53,247 2023 54,967 2022 52,112 2021
 Israel Asia 53,196 2023 54,660 2022 54,111 2021
 Germany Europe 52,824 2023 48,433 2022 51,073 2021
 Hong Kong Asia 51,168 2023 48,984 2022 49,259 2021
 United Arab Emirates Asia 50,602 2023 53,758 2022 43,295 2021
 British Virgin Islands Americas 49,444 2021
 United Kingdom Europe 48,912 2023 45,850 2022 46,542 2021
 New Zealand Oceania 48,072 2023 48,249 2022 48,824 2021
 France Europe 46,315 2023 40,964 2022 44,229 2021
 Andorra Europe 44,107 2023 41,993 2022 42,066 2021
 European Union[n 1] Europe 41,110 2023 37,150 2022 31,875 [8]2021
 U.S. Virgin Islands Americas 39,552 2020
 Malta Europe 38,715 2023 33,941 2022 33,642 2021
 Italy Europe 37,146 2023 34,158 2022 37,150 2021
 Puerto Rico Americas 37,093 2023 35,209 2022 32,716 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
 Aruba Americas 35,718 2023 29,342 2021 29,342 2021
 Cyprus Asia 34,791 [n 2]2023 31,284 [n 2]2022 32,281 [n 2]2021
 Brunei Asia 34,384 2023 37,153 2022 31,449 2021
 Bahamas Americas 34,371 2023 31,458 2022 27,478 2021
 Japan Asia 33,950 2023 33,815 2022 39,650 2021
 South Korea Asia 33,147 2023 32,255 2022 34,940 2021
 Spain Europe 33,090 2023 29,350 2022 30,058 2021
 Saudi Arabia Asia 32,586 2023 30,436 2022 23,186 2021
 Slovenia Europe 32,350 2023 29,457 2022 29,135 2021
 Taiwan Asia 32,339 [n 3]2023
 Kuwait Asia 32,215 2023 43,234 2022 32,150 2021
 Estonia Europe 30,998 2023 28,333 2022 27,991 2021
 Czech Republic Europe 30,475 2023 27,638 2022 26,809 2021
 Lithuania Europe 28,482 2023 24,827 2022 23,844 2021
 Bahrain Asia 28,464 2023 30,152 2022 26,563 2021
 Portugal Europe 26,879 2023 24,275 2022 24,651 2021
 Latvia Europe 24,929 2023 21,851 2022 21,267 2021
 Slovakia Europe 24,471 2023 21,258 2022 21,390 2021
 Greece Europe 23,173 2023 20,867 2022 20,571 2021
 Poland Europe 22,393 2023 18,321 2022 17,736 2021
 Saint Martin (French part) Americas 21,921 2014
 Barbados Americas 21,442 2023 20,019 2022 17,225 2021
 Uruguay Americas 21,378 2023 20,795 2022 17,313 2021
 Oman Asia 21,266 2023 25,057 2022 19,509 2021
 Hungary Europe 21,075 2023 18,463 2022 18,728 2021
 Seychelles Africa 20,890 2023 15,875 2022 12,085 2021
 Croatia Europe 20,877 2023 18,413 2022 16,983 2021
 Guyana Americas 20,565 2023 18,990 2022 9,999 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 19,622 2023 18,222 2022 16,033 2021
 Cook Islands Oceania 19,264 2021
 Anguilla Americas 19,216 2021
 Antigua and Barbuda Americas 19,068 2023 18,745 2022 15,246 2021
 Panama Americas 18,493 2023 17,358 2022 14,618 2021
 Romania Europe 18,413 2023 15,892 2022 14,698 2021
 Saint Kitts and Nevis Americas 18,158 2023 20,177 2022 18,083 2021
 Curaçao Americas 17,718 2021 14,183 2021
 Maldives Asia 17,559 2023 11,818 2022 10,366 2021
 Northern Mariana Islands Oceania 17,303 2020
 Chile Americas 17,254 2023 15,356 2022 16,265 2021
 Costa Rica Americas 16,213 2023 13,199 2022 12,472 2021
 Montserrat Americas 16,199 2021
 Bulgaria Europe 16,087 2023 13,773 2022 12,207 2021
 American Samoa Oceania 15,743 2021
 Palau Oceania 15,113 2023 12,084 2021 12,084 2021
 Mexico Americas 13,804 2023 11,091 2022 10,046 2021
 Saint Lucia Americas 13,572 2023 11,482 2022 9,824 2021
 Turkey Asia 13,384 2023 10,616 2022 9,661 2021
 World 13,330 2023 12,648 2022 12,230 2021
 Argentina Americas 13,297 2023 13,686 2022 10,761 2021
 Malaysia Asia 13,034 2023 11,972 2022 11,101 2021
 Russia Europe 13,006 2023 15,345 2022 12,259 2021
 Kazakhstan Asia 12,968 2023 11,243 2022 10,055 2021
 Turkmenistan Asia 12,934 2023 7,297 2020 8,508 2021
 China Asia 12,541 [n 4]2023 12,720 [n 5]2022 12,437 [n 4]2021
 Nauru Oceania 11,757 2023 10,648 2021 12,390 2021
 Mauritius Africa 11,752 2023 10,216 2022 8,873 2021
 Grenada Americas 11,437 2023 10,016 2022 8,950 2021
 Montenegro Europe 11,338 2023 9,894 2022 9,252 2021
 Serbia Europe 11,301 2023 9,394 2022 8,643 2021
 Dominican Republic Americas 11,249 2023 10,121 2022 8,477 2021
 Brazil Americas 10,413 2023 9,460 2022 8,170 2021
 Saint Vincent and the Grenadines Americas 9,360 2023 9,125 2022 8,440 2021
 Dominica Americas 9,356 2023 8,415 2022 7,571 2021
 Gabon Africa 8,832 2023 8,820 2022 7,911 2021
 Armenia Asia 8,283 2023 7,014 2022 4,967 2021
 Georgia Asia 8,165 [n 6]2023 6,628 [n 6]2022 4,975 [n 6]2021
 Albania Europe 8,057 2023 6,803 2022 6,396 2021
 Bosnia and Herzegovina Europe 7,778 2023 7,585 2022 7,143 2021
 Botswana Africa 7,758 2023 7,738 2022 6,805 2021
 North Macedonia Europe 7,672 2023 6,592 2022 6,600 2021
 Peru Americas 7,669 2023 7,126 2022 6,622 2021
 Azerbaijan Asia 7,530 2023 7,737 2022 5,296 2021
 Belarus Europe 7,477 2023 7,905 2022 7,121 2021
 Thailand Asia 7,298 2023 6,909 2022 7,067 2021
 Belize Americas 7,142 2023 6,968 2022 6,229 2021
 Colombia Americas 6,976 2023 6,630 2022 6,104 2021
 Jamaica Americas 6,831 2023 6,047 2022 5,184 2021
 Equatorial Guinea Africa 6,502 2023 7,054 2022 7,605 2021
 Ecuador Americas 6,500 2023 6,391 2022 5,965 2021
 Moldova Europe 6,411 [n 7]2023 5,563 [n 7]2022 4,468 [n 7]2021
 South Africa Africa 6,191 2023 6,777 2022 7,055 2021
 Marshall Islands Oceania 6,141 2023 6,728 2022 6,111 2021
 Fiji Oceania 6,025 2023 5,317 2022 4,647 2021
 Kosovo Europe 5,912 2023 5,351 2022 5,663 2021
 Iraq Asia 5,883 2023 5,937 2022 4,686 2021
 Libya Africa 5,872 2023 6,716 2022 5,791 2021
 Paraguay Americas 5,843 2023 6,153 2022 6,035 2021
 Tuvalu Oceania 5,773 2023 5,335 2022 5,370 2021
 Suriname Americas 5,667 2023 5,858 2022 5,259 2021
 El Salvador Americas 5,558 2023 5,127 2022 4,551 2021
 Tonga Oceania 5,488 2023 4,426 2021 4,451 2021
 Guatemala Americas 5,407 2023 5,473 2022 4,883 2021
 Mongolia Asia 5,348 2023 4,947 2022 4,510 2021
 Ukraine Europe 5,225 [n 8]2023 4,534 [n 8]2022 4,596 [n 8]2021
 Indonesia Asia 5,109 2023 4,788 2022 4,333 2021
 Algeria Africa 4,875 2023 4,274 2022 3,700 2021
 Jordan Asia 4,851 2023 4,205 2022 4,058 2021
 Namibia Africa 4,786 2023 4,911 2022 4,836 2021
 Samoa Oceania 4,638 2023 3,743 2022 3,919 2021
 Cape Verde Africa 4,503 2023 3,903 2022 3,293 2021
 Micronesia Oceania 4,358 2023 3,741 2022 3,573 2021
 Vietnam Asia 4,316 2023 4,164 2022 3,756 2021
 Iran Asia 4,234 2023 4,388 2022 6,766 2021
 Tunisia Africa 4,191 2023 3,777 2022 3,807 2021
 Eswatini Africa 3,995 2023 4,040 2022 3,969 2021
 Morocco Africa 3,980 2023 3,528 2022 3,853 2021
 Philippines Asia 3,859 2023 3,499 2022 3,461 2021
 Bolivia Americas 3,858 2023 3,523 2022 3,345 2021
 Palestine Asia 3,464 [n 9]2021 3,789 [n 9]2022 3,514 [n 10]2021
 Egypt Africa 3,770 2023 4,295 2022 3,898 2021
 Djibouti Africa 3,761 2023 3,136 2022 3,348 2021
 Bhutan Asia 3,500 2023 3,266 2022 3,063 2021
 Vanuatu Oceania 3,492 2023 3,010 2022 3,073 2021
 Venezuela Americas 3,474 2023 15,976 2014 3,965 2021
 Sri Lanka Asia 3,342 2022 3,354 2022 3,918 2021
 Lebanon Asia 3,283 2022 4,136 2021 6,785 2021
 Honduras Americas 3,245 2023 3,040 2022 2,772 2021
 São Tomé and Príncipe Africa 2,905 2023 2,404 2022 2,486 2021
 Congo Africa 2,858 2023 2,448 2022 2,200 2021
 Ivory Coast Africa 2,728 2023 2,486 2022 2,539 2021
 Bangladesh Asia 2,621 2023 2,688 2022 2,450 2021
 India Asia 2,612 2023 2,389 2022 2,274 2021
 Nicaragua Americas 2,599 2023 2,255 2022 2,046 2021
 Papua New Guinea Oceania 2,581 2023 3,020 2022 2,673 2021
 Angola Africa 2,550 2023 2,999 2022 2,258 2021
 Uzbekistan Asia 2,509 2023 2,255 2022 2,032 2021
 Mauritania Africa 2,338 2023 2,191 2022 2,166 2021
 Ghana Africa 2,329 2023 2,176 2022 2,409 2021
 Solomon Islands Oceania 2,285 2023 2,203 2022 2,306 2021
 Kenya Africa 2,188 2023 2,099 2022 2,082 2021
 Haiti Americas 2,125 2023 1,748 2022 1,664 2021
 Zimbabwe Africa 2,006 2023 1,267 2022 1,508 2021
 Kiribati Oceania 1,968 2023 1,702 2022 1,765 2021
 Cambodia Asia 1,916 2023 1,787 2022 1,608 2021
 Laos Asia 1,879 2023 2,088 2022 2,569 2021
 Kyrgyzstan Asia 1,830 2023 1,607 2022 1,339 2021
 Nigeria Africa 1,755 2023 2,184 2022 2,019 2021
 Cameroon Africa 1,722 2023 1,589 2022 1,668 2021
 Senegal Africa 1,715 2023 1,599 2022 1,637 2021
 Guinea Africa 1,543 2023 1,532 2022 1,185 2021
 East Timor Asia 1,497 2023 2,358 2022 1,517 2021
 Zambia Africa 1,486 2023 1,488 2022 1,095 2021
 Ethiopia Africa 1,473 2023 1,028 2022 825 2021
 Pakistan Asia 1,471 2023 1,597 2022 1,480 2021
 Benin Africa 1,449 2023 1,303 2022 1,361 2021
 Myanmar Asia 1,381 2023 1,096 2022 1,089 2021
 Comoros Africa 1,377 2023 1,485 2022 1,631 2021
 Nepal Asia 1,353 2023 1,337 2022 1,159 2021
 Tanzania Africa 1,327 2023 1,192 2022 1,136 [n 11]2021
 Zanzibar Africa 1,192 2022 1,211 2021
 Tajikistan Asia 1,180 2023 1,054 2022 897 2021
 Uganda Africa 1,163 2023 964 2022 930 2021
 Lesotho Africa 1,110 2023 1,107 2022 1,040 2021
 Rwanda Africa 1,032 2023 966 2022 822 2021
 Guinea-Bissau Africa 1,028 2023 776 2022 759 2021
 Togo Africa 1,004 2023 918 2022 944 2021
 Syria Asia 537 2020 925 2021
 Mali Africa 913 2023 645 2022 875 2021
 Gambia Africa 903 2023 840 2022 772 2021
 Burkina Faso Africa 888 2023 833 2022 893 2021
 Liberia Africa 800 2023 755 2022 471 2021
 Somalia Africa 717 2023 462 2022 447 2021
 Chad Africa 703 2023 717 2022 955 2021
 DR Congo Africa 675 2023 587 2022 551 2021
 North Korea Asia 654 2021
 Mozambique Africa 647 2023 542 2022 492 2021
 Niger Africa 631 2023 533 2022 591 2021
 Eritrea Africa 644 2011 623 2021
 Yemen Asia 618 2023 702 2018 302 2021
 Malawi Africa 580 2023 645 2022 613 2021
 Central African Republic Africa 539 2023 427 2022 461 2021
 Sudan Africa 534 2023 1,102 2022 786 2021
 Madagascar Africa 530 2023 505 2022 500 2021
 South Sudan Africa 417 2023 1,072 2015 400 2021
 Sierra Leone Africa 415 2023 461 2022 505 2021
 Afghanistan Asia 443 2021 364 2022 373 2021
 Burundi Africa 246 2023 238 2022 311 2021

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. ^ 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, October 2023". IMF.org. International Monetary Fund. 10 October 2023. Retrieved 10 October 2023.
  5. ^ "IMF DataMapper / Datasets / World Economic Outlook (October 2023) / GDP per capita, current prices / List (2023) - Analytical group: European Union, World". IMF.org. International Monetary Fund. 10 October 2023. Retrieved 10 October 2023.
  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.