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GDP Per Capita - UN 2022

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GDP per Capita by Country 2024

Gross domestic product (GDP) is a measurement that describes the value of a geographic location’s total goods and services, and how it relates to the population of the region. GDP per capita is an evolution of this metric, and is obtained by dividing a country's GDP by its population. The value that results from this calculation is the country's GDP per capita. The GDP per capita varies drastically from one country to the next. The GDP of a country is dependent upon the country’s economic standing and overall profits compared to expenses.

Although it is expressed as a dollar amount per resident, GDP per capita is not a measure of the average or median personal income of a given country's people. Rather, it is a measure of the relative health of that country’s overall economy and industry.

Top 10 Countries with the Highest GDP per Capita (US Dollars)*:

Country
GDP Per Capita - UN 2022
Monaco240535.04
Liechtenstein197267.66
Luxembourg125897.20
Bermuda117568.24
Norway106622.83
Ireland105993.27
Switzerland93636.42
Cayman Islands91420.00
Qatar87974.17
Singapore78114.62

* Data sourced from United Nations, data year 2021.

10 Countries with the Lowest GDP per Capita in the World (US Dollars)*:

Country
GDP Per Capita - UN 2022
Burundi312.87
Yemen326.65
Afghanistan344.65
Sierra Leone404.54
South Sudan422.98
Central African Republic429.40
Madagascar505.04
Mozambique558.30
Niger588.17
North Korea590.45

Techniques for expressing GDP per capita

GDP per capita is typically expressed in one of two ways: nominal and at PPP (purchasing power parity). While very similar, there is one crucial difference between the two methodologies. GDP per capita (nominal) is a raw figure that does not take into account the differences in the cost of living between one country and another. In contrast, GDP per capita (PPP) factors in each country’s relative cost of living and inflation rate. This makes it arguably more accurate with regard to country-to-country comparisons.

Problems with GDP per capita and the usefulness of GNI

Although widely considered a valuable metric, GDP can be distorted by certain economic conditions. In particular, countries whose tax laws enable them to become corporate "tax havens" often have wildly inflated GDP measurements thanks to an influx of foreign funds flowing through the country's economy. Ireland may be the most widely cited example, but the list of tax haven countries also includes Switzerland, the Netherlands, Luxembourg, Hong Kong, Puerto Rico, Singapore, the Cayman Islands, Bermuda, the British Virgin Islands, and more.

To help compensate for this distortion of GDP, many economists also view a country's Gross National Product (GNP), or a related metric, Gross National Income (GNI). These metrics closely resemble GDP, but are calculated slightly differently, which enables them to better account for the economic activity of tax haven countries. Thus, examining GDP per capita alongside a metric such as GNI per capita can give clearer insight into a country's true economic health.

Notes:
- All values displayed in Current US$.

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Country
GDP Per Capita - IMF 2023
IMF Data Year 2023
GDP Per Capita - UN 2022
GDP Per Capita - WB 2022
WB Data Year 2022
Monaco240535.04240862.202022
Liechtenstein197267.66197504.502021
Luxembourg135605.442023125897.20125006.002022
Bermuda117568.24118774.802022
Norway99266.302023106622.83106177.202022
Ireland112247.712023105993.27103983.302022
Switzerland102865.57202393636.4293259.902022
Cayman Islands91420.0099624.902022
Qatar81968.34202387974.1787661.502022
Singapore87884.16202378114.6282807.602022
United States80412.41202376100.7276329.602022
Iceland78836.85202375260.4173466.802022
Denmark71402.14202368029.4967790.102022
Australia63487.05202367866.7965099.802022
Israel53195.88202358086.3654930.902022
Netherlands61769.70202357391.6457025.002022
Sweden55215.85202356040.3056373.802022
Canada53246.98202355596.8454917.702022
United Arab Emirates50602.33202353707.9853708.002022
San Marino58540.80202352903.083745.602022
Austria58013.27202352608.7652084.702022
Greenland51820.9057116.302021
Finland54507.14202350988.0850916.302022
Belgium53656.83202349986.8349926.802022
Germany52823.58202348901.6648718.002022
Hong Kong51168.05202348049.8248983.602022
New Zealand48071.75202347412.0748418.602022
British Virgin Islands46996.75
United Kingdom48912.78202345757.9846125.302022
Andorra44107.32202342293.3041992.802022
France46315.20202341425.9840886.302022
Kuwait32215.03202341079.4841079.502022
Brunei34383.53202337152.4737152.502022
Sint Maarten24471.09202335607.4935873.102022
Puerto Rico37093.33202334877.1835208.602022
Italy37146.23202334672.0934776.402022
Macau54295.66202334584.8634584.902022
Japan33949.71202334143.7433823.602022
Malta38715.19202333942.3434127.502022
Aruba35717.95202333300.8433300.802022
New Caledonia33189.5835745.202022
Cyprus34790.58202332999.3932048.202022
South Korea33147.23202332305.1332422.602022
Bahamas34370.86202331458.3531458.302022
Saudi Arabia32586.17202330436.2830447.902022
Bahrain28464.17202330146.5130146.902022
Spain33090.24202329771.1429674.502022
Estonia30998.32202328693.2728247.102022
Anguilla28561.29
Slovenia2285.40202328295.4228439.302022
Czech Republic30474.53202327685.1527223.002022
Lithuania28481.99202325773.3325064.802022
Oman21265.63202325056.6925056.802022
Turks and Caicos Islands24917.6024917.602022
Portugal26878.87202324812.9024515.302022
Latvia24929.18202322087.5921779.502022
Greece23173.06202320923.1020867.302022
Uruguay21377.63202320793.2820795.002022
Saint Kitts and Nevis18158.49202320547.2120262.302022
Slovakia32350.02202320431.6221256.802022
Barbados21442.45202320238.7820238.802022
Trinidad and Tobago19621.79202319629.3819629.502022
French Polynesia18984.8518984.902022
Antigua and Barbuda19068.28202318880.0319919.702022
Seychelles20889.55202318622.8713250.502022
Guyana20564.64202318199.4718199.502022
Hungary21075.62202317791.9118390.202022
Croatia20876.46202317753.2718570.402022
Panama18493.47202317357.6317357.602022
Poland22393.03202317264.7818688.002022
Cook Islands17033.08
Montserrat16460.81
Curacao16086.6920501.802022
Russia13005.71202315481.8015270.702022
Chile17253.75202315338.2015355.502022
Romania18413.47202315295.1015786.802022
Argentina13297.43202313867.9113650.602022
Bulgaria16086.57202313301.9213974.402022
Costa Rica16213.26202313198.8213365.402022
Cuba13128.0256495.902022
China12541.40202312597.8912720.202022
Palau15113.30202312498.4712921.802021
Saint Lucia13572.26202312038.4213030.902022
Malaysia13034.07202311971.9211993.202022
Maldives17558.75202311780.8211780.802022
Nauru11756.99202311679.2111970.902022
Kazakhstan12968.43202311624.7211492.002022
Mexico13803.74202311476.6811496.502022
Turkey13383.92202310629.3110674.502022
Turkmenistan12934.24202310420.138792.502022
Dominican Republic11248.79202310111.2510111.202022
Montenegro11338.8020239934.5910093.402022
Mauritius11751.5120239925.8310256.202022
Grenada11436.9420239509.259689.102022
Saint Vincent and the Grenadines9359.9020239107.459125.302022
Brazil10413.0020238917.678917.702022
Serbia11301.2220238802.139537.702022
Gabon8831.8220238427.108820.302022
Dominica9356.0520238414.548351.202022
Botswana7758.3720237737.657738.902022
Belarus7477.2920237642.817888.302022
Azerbaijan7529.7020237599.977762.102022
Bosnia and Herzegovina7778.3020237568.807568.802022
Lebanon3283.4120227159.374136.102021
Peru7668.6720237125.837125.802022
Equatorial Guinea6502.1920237025.697182.302022
Armenia8283.1220237018.117018.102022
Belize7141.5420236984.226984.202022
Thailand7297.9920236908.806910.002022
South Africa6190.7420236766.486766.502022
Marshall Islands6141.2320236727.806225.202022
Albania8057.4920236655.266810.102022
Colombia6975.8720236630.286624.202022
Georgia8164.8620236571.276675.002022
North Macedonia7672.0120236549.236591.502022
Ecuador6500.0520236391.286391.302022
Paraguay5842.9620236153.066153.102022
Jamaica6830.8720236047.226047.202022
Libya5872.2220235950.556716.102022
Iraq5882.8920235937.205937.202022
Suriname5667.1120235858.825858.802022
Fiji6024.7820235356.165356.202022
Guatemala5407.2420235324.135473.202022
Tuvalu5772.9220235219.265221.502022
El Salvador5557.5820235127.325127.302022
Mongolia5348.0720235045.505045.502022
Namibia4785.6820234911.335031.102022
Indonesia5108.9420234788.004788.002022
Tonga5487.6720234570.634426.002021
Venezuela3474.3320234569.1115975.702014
Iran4233.9920234495.154669.602022
Moldova6410.9320234433.405714.402022
Algeria4874.7120234273.924342.602022
Jordan4850.6620234204.564311.002022
Vietnam4316.3420234163.514163.502022
Micronesia4357.6420234104.803714.002022
Ukraine5224.5920234042.714534.002022
Cape Verde4502.7820233902.593754.302022
Samoa4638.1520233854.8920320.702021
Tunisia4190.6020233737.523747.402022
Bhutan3500.4920233704.343560.202021
Egypt3770.1320233687.784295.402022
Palestine3640.31
Eswatini3995.0320233600.643986.902022
Bolivia3857.8420233600.123600.102022
Djibouti3761.2420233571.823136.102022
Philippines3859.1920233498.513498.502022
Morocco3979.8720233494.923442.002022
Sri Lanka3342.0020223489.683354.402022
Angola2550.0020233183.703000.402022
Papua New Guinea2581.1820233116.503115.902022
Honduras3245.0220233040.173040.202022
Vanuatu3491.8620233015.413231.402022
Republic of the Congo2857.6120232570.142649.202022
Bangladesh2621.2920232527.522688.302022
Ivory Coast2728.0820232486.412486.402022
India2612.4520232445.392410.902022
Sao Tome and Principe2904.7220232404.622386.702022
Timor Leste1497.4120232389.302389.302022
Mauritania2337.9120232321.972065.202022
Uzbekistan2509.1620232321.612255.202022
Nicaragua2599.2620232255.422255.402022
Solomon Islands2205.312205.302022
Ghana2328.9720232203.562203.602022
Nigeria1755.3320232173.772162.602022
Kenya2187.6520232099.302099.302022
Laos1878.7120232040.342054.402022
Cambodia1915.6320231759.611759.602022
Kiribati1968.0320231704.391702.002022
Kyrgyzstan1829.5920231648.511655.102022
Zimbabwe2005.8820231618.731676.802022
Haiti2125.3220231618.581748.302022
Senegal1714.6520231604.021598.702022
Cameroon1721.9520231588.481563.502022
Guinea1542.7620231504.131515.202022
Comoros1377.0220231489.751484.902022
Zambia1435.8920231455.551456.902022
Pakistan1471.1020231385.761588.902022
Benin1449.1120231302.851302.902022
Nepal1352.6120231290.011336.502022
Myanmar1381.0620231203.631149.202022
Tanzania1326.6320231153.771192.802022
Tajikistan1180.0620231054.191054.202022
Uganda1163.0320231021.04964.402022
Lesotho1110.182023992.00969.902022
Rwanda1031.692023966.31966.202022
Ethiopia1473.362023964.271027.602022
Chad702.852023947.85716.802022
Togo1004.472023913.93942.602022
Burkina Faso888.032023845.76830.002022
SyriaNaN840.48420.602021
Mali912.642023833.30833.302022
Gambia903.292023824.67808.302022
Sudan533.852023783.571102.102022
EritreaNaN646.93643.802011
DR Congo675.482023631.77653.702022
Liberia800.212023615.76754.502022
Malawi579.702023615.46645.202022
Somalia717.412023592.13592.102022
North Korea590.45
Niger630.802023588.17585.402022
Mozambique647.142023558.30558.302022
Madagascar529.562023505.04516.602022
Central African Republic539.242023429.40427.102022
South Sudan417.442023422.981071.802015
Sierra Leone414.962023404.54475.802022
Afghanistan344.65355.802021
Yemen617.672023326.65650.302022
Burundi245.812023312.87259.002022
Guam35904.902021
United States Virgin Islands41976.002021
Isle of Man79530.602020
Northern Mariana Islands17302.902020
American Samoa19673.402022
showing: 214 rows

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GDP per Capita by Country 2024

Which country has the largest GDP per capita?

Monaco has the highest GDP per capita with a GDP per capita of $234,317 in US dollars.

Frequently Asked Questions

Sources