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List of countries by GDP (nominal) per capita

Not to be confused with List of countries by GDP (PPP) 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.

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.

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.

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/TerritoryUN RegionIMF[4][5]World Bank[6]United Nations[7]
EstimateYearEstimateYearEstimateYear
 MonacoEurope—240,8622022234,3172021
 LiechtensteinEurope—197,5052021169,2602021
 LuxembourgEurope131,3842024125,0062022133,7452021
 BermudaAmericas—118,7752022112,6532021
 IrelandEurope106,0592024103,9832022101,1092021
 SwitzerlandEurope105,669202493,260202293,5252021
 Cayman IslandsAmericas—99,625202285,2502021
 NorwayEurope94,6602024108,729202289,2422021
 SingaporeAsia88,447202482,808202266,8222021
 United StatesAmericas85,373202476,330202269,1852021
 IcelandEurope84,594202473,467202269,1332021
 QatarAsia81,400202487,662202266,7992021
 Isle of ManEurope—79,5312020—
 MacauAsia78,962202434,585202243,5552021
 DenmarkEurope68,898202467,790202268,0372021
 Channel IslandsEurope—67,9612021—
 Faroe IslandsEurope—66,9792022—
 AustraliaOceania66,589202465,100202266,9162021
 NetherlandsEurope63,750202457,025202257,8712021
 San MarinoEurope59,405202454,983202150,4252021
 AustriaEurope59,225202452,085202253,8402021
 SwedenEurope58,529202456,424202260,7302021
 GreenlandAmericas—57,116202158,1852021
 BelgiumEurope55,536202449,927202251,1662021
 FinlandEurope55,127202450,872202253,7032021
 CanadaAmericas54,866202455,522202252,1122021
 GermanyEurope54,291202448,718202251,0732021
 United Arab EmiratesAsia53,916202453,708202243,2952021
 Hong KongAsia53,606202448,984202249,2592021
 IsraelAsia53,372202454,931202254,1112021
 United KingdomEurope51,075202446,125202246,5422021
 British Virgin IslandsAmericas——49,4442021
 New ZealandOceania48,531202448,419202248,8242021
 FranceEurope47,359202440,886202244,2292021
 AndorraEurope44,900202441,993202242,0662021
 European Union[n 1]Europe42,440202437,433202231,875[8]2021
 U.S. Virgin IslandsAmericas—41,9762021—
 MaltaEurope41,738202434,128202233,6422021
 ItalyEurope39,580202434,776202237,1502021
 ArubaAmericas38,018202433,301202229,3422021
 Puerto RicoAmericas37,172202435,209202232,7162021
 CyprusAsia37,149[n 2]202432,048[n 2]202232,281[n 2]2021
 GuamOceania—35,9052021—
 Sint Maarten (Dutch part)Americas—35,873202226,1992021
 New CaledoniaOceania—35,745202234,9942021
 BahamasAmericas35,257202431,458202227,4782021
 BruneiAsia35,111202437,153202231,4492021
 Taiwan[n 3]Asia34,4322024——
 South KoreaAsia34,165202432,423202234,9402021
 SpainEurope34,045202429,675202230,0582021
 SloveniaEurope34,026202428,439202229,1352021
 JapanAsia33,138202434,017202239,6502021
 Saudi ArabiaAsia33,040202430,448202223,1862021
 EstoniaEurope31,855202428,247202227,9912021
 KuwaitAsia31,724202441,080202232,1502021
 Czech RepublicEurope29,801202427,227202226,8092021
 PortugalEurope28,969202424,515202224,6512021
 BahrainAsia28,876202430,147202226,5632021
 LithuaniaEurope28,407202425,065202223,8442021
 GuyanaAmericas26,592202418,20020229,9992021
 SlovakiaEurope25,935202421,257202221,3902021
 Turks and Caicos IslandsAmericas—24,918202220,9092021
 LatviaEurope24,194202421,780202221,2672021
 GreeceEurope23,966202420,867202220,5712021
 Saint Kitts and NevisAmericas23,705202420,262202218,0832021
 BarbadosAmericas23,596202420,239202217,2252021
 HungaryEurope23,319202418,390202218,7282021
 UruguayAmericas23,088202420,795202217,3132021
 PolandEurope23,014202418,688202217,7362021
 CroatiaEurope22,966202418,570202216,9832021
 SeychellesAfrica21,875202413,251202212,0852021
 OmanAsia20,913202425,057202219,5092021
 Antigua and BarbudaAmericas20,533202419,920202215,2462021
 CuraçaoAmericas—20,502202214,1832021
 Saint Martin (French part)Americas—20,3212021—
 Trinidad and TobagoAmericas19,861202419,630202216,0332021
 American SamoaOceania—19,6732022—
 RomaniaEurope19,530202415,787202214,6982021
 PanamaAmericas19,369202417,358202214,6182021
 Cook IslandsOceania——19,2642021
 AnguillaAmericas——19,2162021
 French PolynesiaOceania—18,985202219,9152021
 Costa RicaAmericas18,031202413,365202212,4722021
 MaldivesAsia17,818202411,781202210,3662021
 PalauOceania17,441202412,922202112,0842021
 Northern Mariana IslandsOceania—17,3032020—
 BulgariaEurope16,943202413,974202212,2072021
 ChileAmericas16,616202415,356202216,2652021
 MontserratAmericas——16,1992021
 MexicoAmericas15,249202411,497202210,0462021
 KazakhstanAsia14,778202411,492202210,0552021
 RussiaEurope14,391202415,271202212,2592021
 Saint LuciaAmericas14,101202413,03120229,8242021
 World13,840202412,688202212,2302021
 MalaysiaAsia13,315202411,993202211,1012021
 ChinaAsia13,136[n 4]202412,720[n 5]202212,437[n 4]2021
 MauritiusAfrica12,973202410,25620228,8732021
 ArgentinaAmericas12,812202413,651202210,7612021
 TurkeyAsia12,765202410,67520229,6612021
 MontenegroEurope12,646202410,09320229,2522021
 TurkmenistanAsia12,41220248,79320228,5082021
 SerbiaEurope12,38420249,53820228,6432021
 NauruOceania12,362202411,971202212,3902021
 GrenadaAmericas12,25520249,68920228,9502021
 Dominican RepublicAmericas11,774202410,11120228,4772021
 BrazilAmericas11,35220248,91820228,1702021
 CubaAmericas—9,500202011,2552021
 Saint Vincent and the GrenadinesAmericas10,15020249,12520228,4402021
 DominicaAmericas9,45520248,35120227,5712021
 GabonAfrica9,30820248,82020227,9112021
 AlbaniaEurope8,92420246,81020226,3962021
 GeorgiaAsia8,825[n 6]20246,675[n 6]20224,975[n 6]2021
 ArmeniaAsia8,57520247,01820224,9672021
 Bosnia and HerzegovinaEurope8,41620247,56920227,1432021
 PeruAmericas8,29120247,12620226,6222021
 BotswanaAfrica7,87520247,73920226,8052021
 ThailandAsia7,81220246,91020227,0672021
 North MacedoniaEurope7,69420246,59220226,6002021
 AzerbaijanAsia7,64120247,76220225,2962021
 BelarusEurope7,55820247,88820227,1212021
 MoldovaEurope7,488[n 7]20245,714[n 7]20224,468[n 7]2021
 ColombiaAmericas7,32720246,62420226,1042021
 JamaicaAmericas7,30920246,04720225,1842021
 BelizeAmericas7,17020246,98420226,2292021
 LibyaAfrica6,97520246,71620225,7912021
 Equatorial GuineaAfrica6,73320247,18220227,6052021
 Marshall IslandsOceania6,71120246,22520226,1112021
 SurinameAmericas6,70220245,85920225,2592021
 EcuadorAmericas6,56720246,39120225,9652021
 KosovoEurope6,38920245,34020225,6632021
 FijiOceania6,28720245,35620224,6472021
 MongoliaAsia6,18220245,04620224,5102021
 TuvaluOceania6,00120245,22220225,3702021
 ParaguayAmericas5,98420246,15320226,0352021
 IraqAsia5,97920245,93720224,6862021
 South AfricaAfrica5,97520246,76720227,0552021
 TongaOceania5,84020244,42620214,4512021
 AlgeriaAfrica5,72220244,34320223,7002021
 GuatemalaAmericas5,67820245,47320224,8832021
 UkraineEurope5,663[n 8]20244,534[n 8]20224,596[n 8]2021
 El SalvadorAmericas5,53720245,12720224,5512021
 IndonesiaAsia5,27120244,78820224,3332021
 MicronesiaOceania5,12020243,71420223,5732021
 SamoaOceania4,84020243,74620223,9192021
 NamibiaAfrica4,74520245,03120224,8362021
 JordanAsia4,70520244,31120224,0582021
 Cape VerdeAfrica4,65620243,75420223,2932021
 VietnamAsia4,62320244,16420223,7562021
 TunisiaAfrica4,43520243,74720223,8072021
 EswatiniAfrica4,32420243,98720223,9692021
 DjiboutiAfrica4,18420243,13620223,3482021
 PhilippinesAsia4,13020243,49920223,4612021
 MoroccoAfrica4,07820243,44220223,8532021
 BoliviaAmericas4,01420243,60020223,3452021
 BhutanAsia4,01420243,56020213,0632021
 VenezuelaAmericas3,867202415,97620143,9652021
 VanuatuOceania3,73420243,23120223,0732021
 HondurasAmericas3,50520243,04020222,7722021
 PalestineAsia3,396[n 9]20233,789[n 9]20223,514[n 10]2021
 Sri LankaAsia3,34220223,35420223,9182021
 LebanonAsia3,28320224,13620216,7852021
 EgyptAfrica3,22520244,29520223,8982021
 São Tomé and PríncipeAfrica3,16720242,38720222,4862021
 NicaraguaAmericas2,79120242,25520222,0462021
 IndiaAsia2,73120242,41120222,2742021
 Ivory CoastAfrica2,71720242,48620222,5392021
 UzbekistanAsia2,66620242,25520222,0322021
 BangladeshAsia2,64620242,68820222,4502021
 CambodiaAsia2,62820241,76020221,6082021
 Papua New GuineaOceania2,53020243,11620222,6732021
 CongoAfrica2,45720242,64920222,2002021
 KiribatiOceania2,44620241,70220221,7652021
 AngolaAfrica2,43220243,00020222,2582021
 MauritaniaAfrica2,34720242,06520222,1662021
 Solomon IslandsOceania2,25320242,20520222,3062021
 GhanaAfrica2,23020242,20420222,4092021
 ZimbabweAfrica2,08820241,67720221,5082021
 KenyaAfrica1,98320242,09920222,0822021
 LaosAsia1,97620242,05420222,5692021
 HaitiAmericas1,94120241,74820221,6642021
 KyrgyzstanAsia1,92220241,65520221,3392021
 EthiopiaAfrica1,91020241,02820228252021
 SenegalAfrica1,90020241,59920221,6372021
 CameroonAfrica1,81520241,56420221,6682021
 GuineaAfrica1,65120241,51520221,1852021
 BeninAfrica1,51220241,30320221,3612021
 PakistanAsia1,46120231,58920221,4802021
 East TimorAsia1,45420242,38920221,5172021
 ZambiaAfrica1,41320241,45720221,0952021
 NepalAsia1,39720241,33720221,1592021
 ComorosAfrica1,38420241,48520221,6312021
 TajikistanAsia1,27120241,05420228972021
 MyanmarAsia1,24820241,14920221,0892021
 TanzaniaAfrica1,22020241,19320221,136[n 11]2021
 UgandaAfrica1,202202496420229302021
 ZanzibarAfrica—1,19220221,2112021
 NigeriaAfrica1,11020242,16320222,0192021
 LesothoAfrica1,107202497020221,0402021
 Guinea-BissauAfrica1,087202477620227592021
 TogoAfrica1,058202494320229442021
 ChadAfrica1,014202471720229552021
 RwandaAfrica989202496620228222021
 GambiaAfrica989202480820227722021
 Burkina FasoAfrica910202483020228932021
 MaliAfrica899202483320228752021
 LiberiaAfrica855202475520224712021
 SomaliaAfrica776202459220224472021
 DR CongoAfrica715202465420225512021
 NigerAfrica670202458520225912021
 MozambiqueAfrica659202455820224922021
 North KoreaAsia——6542021
 EritreaAfrica—64420116232021
 SudanAfrica54720241,10220227862021
 MadagascarAfrica538202451720225002021
 Central African RepublicAfrica538202442720224612021
 Sierra LeoneAfrica527202447620225052021
 IranAsia51620244,67020226,7662021
 YemenAsia486202465020223022021
 MalawiAfrica481202464520226132021
 South SudanAfrica42220241,07220154002021
 AfghanistanAsia422202235620213732021
 SyriaAsia—42120219252021
 BurundiAfrica230202425920223112021

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

External links

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