This is a list of countries by nominal GDP per capita. GDP per capita is the total value of a country's finished goods and services (
gross domestic product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...
) divided by its total
population
Population is a set of humans or other organisms in a given region or area. Governments conduct a census to quantify the resident population size within a given jurisdiction. The term is also applied to non-human animals, microorganisms, and pl ...
(
per capita
''Per capita'' is a Latin phrase literally meaning "by heads" or "for each head", and idiomatically used to mean "per person".
Social statistics
The term is used in a wide variety of social science, social sciences and statistical research conte ...
).
Gross domestic product (GDP) per capita is often considered an indicator of a country's
standard of living
Standard of living is the level of income, comforts and services available to an individual, community or society. A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outsid ...
; however, this is inaccurate because GDP per capita is not a measure of
personal income
In economics, personal income refers to the total earnings of an individual from various sources such as wages, investment ventures, and other sources of income. It encompasses all the products and money received by an individual.
Personal inco ...
. Measures of personal income include
average wage
The national average salary (or national average wage) is the average, mean salary for the working population of a nation. It is calculated by summation, summing all the annual salaries of all persons in work (surveyed) and Division (mathematics), ...
,
real income,
median income
The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of unde ...
,
disposable income and
GNI per capita.
Comparisons of GDP per capita are also frequently made on the basis of
purchasing power parity
Purchasing power parity (PPP) is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currency, currencies. PPP is effectively the ratio of the price of a market bask ...
(PPP), to adjust for differences in the cost of living in different countries, ''see''
List of countries by GDP (PPP) per capita
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year ...
. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in
international trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.)
In most countries, such trade represents a significan ...
, 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.
The figures presented here do not take into account differences in the
cost of living
The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare t ...
in different countries, and the results vary greatly from one year to another based on fluctuations in the
exchange rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of ...
s of the country's
currency
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...
. 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.
For change of GDP per capita over time as a measure of
economic growth
In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Outp ...
, see
real GDP growth and
real GDP per capita growth.
Non-sovereign entities (the world, continents, and some
dependent territories
A dependent territory, dependent area, or dependency (sometimes referred as an external territory) is a territory that does not possess full political independence or sovereignty as a sovereign state and remains politically outside the control ...
) 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
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
(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 haven
A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for Domicile (law), non-domiciled investors, even if the official rates may be higher.
In some older definitions, a tax haven also offers Bank secrecy, ...
s, and their GDP data subject to material distortion by
tax-planning activities. Examples include Bermuda, the Cayman Islands, Ireland and Luxembourg.
Table
''All data are in current
United States dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
s. Historical data see
.''
''The table initially ranks each country or territory by its IMF estimate, and can be reranked by any of the sources.''
Notes:
* Data unavailable for the
Falkland Islands
The Falkland Islands (; ), commonly referred to as The Falklands, is an archipelago in the South Atlantic Ocean on the Patagonian Shelf. The principal islands are about east of South America's southern Patagonian coast and from Cape Dub ...
,
Gibraltar
Gibraltar ( , ) is a British Overseas Territories, British Overseas Territory and British overseas cities, city located at the southern tip of the Iberian Peninsula, on the Bay of Gibraltar, near the exit of the Mediterranean Sea into the A ...
,
Guernsey
Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...
, the
Holy See
The Holy See (, ; ), also called the See of Rome, the Petrine See or the Apostolic See, is the central governing body of the Catholic Church and Vatican City. It encompasses the office of the pope as the Bishops in the Catholic Church, bishop ...
(
Vatican City
Vatican City, officially the Vatican City State (; ), is a Landlocked country, landlocked sovereign state and city-state; it is enclaved within Rome, the capital city of Italy and Bishop of Rome, seat of the Catholic Church. It became inde ...
),
Jersey
Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign state, it has its own distinguishing civil and gov ...
,
Niue, the
Pitcairn Islands,
Saint Helena, Ascension and Tristan da Cunha
Saint Helena, Ascension and Tristan da Cunha is a British Overseas Territories, British Overseas Territory located in the Atlantic Ocean, South Atlantic and consisting of the island of Saint Helena, Ascension Island, and the archipelago of Tri ...
,
Tokelau
Tokelau (; ; known previously as the Union Islands, and, until 1976, known officially as the Tokelau Islands) is a dependent territory of New Zealand in the southern Pacific Ocean. It consists of three tropical coral atolls: Atafu, Nukunonu, an ...
, and
Western Sahara
Western Sahara is a territorial dispute, disputed territory in Maghreb, North-western Africa. It has a surface area of . Approximately 30% of the territory () is controlled by the Sahrawi Arab Democratic Republic (SADR); the remaining 70% is ...
.
* Nearly all country links in the table (except that of
Zanzibar
Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small Island, islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) and Pemba Island. ...
) take to articles titled "Income in ''country'' or ''territory''" or to "Economy of ''country'' or ''territory''".
Distorted GDP-per-capita for tax havens
Many of the leading GDP-per-capita (nominal) jurisdictions are
tax haven
A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for Domicile (law), non-domiciled investors, even if the official rates may be higher.
In some older definitions, a tax haven also offers Bank secrecy, ...
s 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*.
See also
*
List of countries by GDP (nominal)
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or go ...
*
*
List of countries by GDP (PPP) per capita
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year ...
*
List of countries by GNI (nominal) per capita
This is a list of countries by gross national income per capita in 2023 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. The GNI per capita is the dollar value of a country's final income in ...
*
List of countries by wealth per adult
This is a list of countries of the world by wealth per adult, from UBS's ''Global Wealth Databook.'' See table 3-1 for all countries, on pages 123-126, for mean and median wealth, Gini coefficient, distribution of adults (%) by wealth range, ...
*
Real income
*
List of countries by external debt
Notes
References
External links
Chart of GDP per capita at current US$ pricesby Google, World Bank data
World Map and Chart of GDP per capita at current pricesby Lebanese-economy-forum, World Bank data
IMF DataMapper
{{Finance country lists
GDP (nominal) per capita