GDP per capita is an important economic indicator that provides insight into the average income and living standards of a country’s population. Monaco has the highest GDP per capita at $234,316, followed by Luxembourg at $133,590 and Bermuda at $114,090. These countries consistently rank among the top in terms of GDP per capita, reflecting their strong economies and high-income levels.
On the other end of the spectrum, the countries with the lowest GDP per capita include Afghanistan at $368.75, Burundi at $221.48, and Mozambique at $491.84. These countries face significant economic challenges and generally have lower income levels and living standards.
There is a substantial disparity in GDP per capita across different regions. European countries like Monaco, Luxembourg, and Switzerland tend to dominate the top ranks, highlighting the region’s prosperity. Meanwhile, Sub-Saharan African countries, such as Burundi, Mozambique, and the Central African Republic, struggle with lower GDP per capita figures, indicative of economic hardships faced by many countries in the region.
It is worth noting that GDP per capita alone doesn’t capture the full picture of a country’s economic health or societal well-being. Other factors such as income inequality, distribution of wealth, and quality of public services also play a crucial role in assessing the overall economic conditions and living standards of a nation.
Countries by GDP Per Capita
CountryGDP per capitaGDPGNI per capita1Monaco$234,315.52Luxembourg$133,590.13Bermuda$114,090.34Ireland$100,172.15Switzerland$91,991.66Norway$89,154.287Cayman Islands$86,568.778Singapore$72,7949United States of America$70,248.6310Faroe Islands$69,010.3111Iceland$68,727.6412Denmark$68,007.7613Qatar$66,838.3614Sweden$61,028.7415Australia$60,443.1116Netherlands$57,767.8817Finland$53,654.7518Austria$53,637.7119Israel$52,170.7120Canada$51,987.9421Belgium$51,247.0122Germany$51,203.5523Hong Kong$49,800.5424New Zealand$48,781.0325United Kingdom$46,510.2826United Arab Emirates$44,315.5527Macau$43,873.5928France$43,658.9829Andorra$42,137.3330Japan$39,312.6631New Caledonia$37,159.5532Guam$35,904.8633Italy$35,657.534South Korea$34,997.7835Malta$33,486.6736Puerto Rico$32,640.7137Cyprus$31,551.8238Brunei$31,449.0839Spain$30,103.5140Aruba$29,342.141Slovenia$29,291.442Estonia$27,943.743The Bahamas$27,478.3944Czech Republic$26,821.2545Bahrain$26,562.9746Portugal$24,567.5147Lithuania$23,723.3448Saudi Arabia$23,185.8749Slovakia$21,391.9350Latvia$21,148.1651Turks and Caicos Islands$20,908.5852Greece$20,192.653Oman$19,509.4754Hungary$18,728.1255Poland$17,999.9156Curaçao$17,717.657Croatia$17,685.3358Uruguay$17,313.1959Barbados$17,225.4660Chile$16,265.161Trinidad and Tobago$16,032.562Antigua and Barbuda$15,781.463Romania$14,858.2364Seychelles$14,653.311 billion$14,54065Panama$14,617.666People's Republic of China$12,556.3367Costa Rica$12,472.4468Bulgaria$12,221.569Russia$12,194.7870Palau$12,083.8971Malaysia$11,109.2672Nauru$10,648.1473Argentina$10,636.1274Kazakhstan$10,373.7975Maldives$10,366.2976Mexico$10,045.6877Guyana$9,998.5478Turkey$9,661.2479Montenegro$9,465.780Serbia$9,230.1881Mauritius$9,106.2412 billion$9,92082Grenada$9,010.5783Gabon$8,635.3320 billion$6,44084Dominican Republic$8,476.7585Dominica$7,653.1786Brazil$7,507.1687Equatorial Guinea$7,506.6712 billion$5,15088Belarus$7,302.2689Bosnia and Herzegovina$7,143.3190Thailand$7,066.1991South Africa$7,055.05419 billion$6,53092Botswana$6,805.2218 billion$6,43093Republic of Macedonia$6,694.6494Peru$6,621.5795Albania$6,492.8796Libya$6,357.243 billion$8,70097Belize$6,228.2798Marshall Islands$6,172.1599Colombia$6,104.14100Ecuador$5,965.13101Paraguay$5,891.5102Tuvalu$5,632103Azerbaijan$5,388104Kosovo$5,269.78105Moldova$5,230.66106Jamaica$5,183.58107Guatemala$5,025.54108Georgia$5,023.27109Armenia$4,966.51110Suriname$4,869.13111Namibia$4,865.5612 billion$4,650112Ukraine$4,835.57113Iraq$4,775.38114Fiji$4,646.61115Mongolia$4,566.14116El Salvador$4,551.19117Tonga$4,426118Indonesia$4,332.71119Lebanon$4,136.15120Jordan$4,103.26121Iran$4,091.21122Sri Lanka$4,013.69123Eswatini$3,978.45 billion$3,650124Samoa$3,857.32125Tunisia$3,807.1447 billion$3,540126Morocco$3,795.38143 billion$3,620127Vietnam$3,756.49128Egypt$3,698.84404 billion$3,350129Algeria$3,690.63163 billion$3,660130Federated States of Micronesia$3,571.34131Philippines$3,460.53132Bolivia$3,345.2133Bhutan$3,266.37134Djibouti$3,150.443 billion$3,080135Vanuatu$2,996.62136Honduras$2,771.72137East Timor$2,741.39138Papua New Guinea$2,672.95139Ivory Coast$2,549.0470 billion$2,420140Laos$2,535.62141Bangladesh$2,457.93142Ghana$2,363.378 billion$2,280143São Tomé and Príncipe$2,360.54527 million$2,260144Solomon Islands$2,304.85145Republic of the Congo$2,290.3813 billion$1,970146India$2,256.59147Mauritania$2,166.0510 billion$1,950148Kenya$2,081.8110 billion$2,080149Nigeria$2,065.75441 billion$2,080150Nicaragua$2,045.54151Uzbekistan$1,983.07152Angola$1,953.5367 billion$1,710153Haiti$1,829.59154Zimbabwe$1,773.9228 billion$1,530155Cameroon$1,666.9345 billion$1,590156Senegal$1,636.8928 billion$1,570157Cambodia$1,625.24158Kiribati$1,606.46159Comoros$1,577.471 billion$1,580160Pakistan$1,505.01161Benin$1,319.1617 billion$1,350162Kyrgyzstan$1,276.7163Myanmar$1,209.93164Nepal$1,208.22165Guinea$1,189.1816 billion$1,020166Zambia$1,137.3422 billion$1,030167Tanzania$1,099.2968 billion$1,100168Lesotho$1,094.12 billion$1,210169Togo$973.218 billion$960170Ethiopia$925.08111 billion$940171Tajikistan$897.05172Burkina Faso$893.0820 billion$830173Uganda$883.8941 billion$760174Mali$873.7919 billion$820175Rwanda$822.3511 billion$840176Guinea-Bissau$795.122 billion$760177The Gambia$772.152 billion$740178Sudan$751.8234 billion$650179Chad$685.6912 billion$640180Liberia$675.664 billion$630181Malawi$634.8413 billion$620182Niger$590.6315 billion$590183Democratic Republic of the Congo$577.2155 billion$550184Madagascar$500.5114 billion$490185Mozambique$491.8416 billion$480186Sierra Leone$480.044 billion$500187Central African Republic$461.143 billion$480188Somalia$446.988 billion$430189Afghanistan$368.75190Burundi$221.483 billion$220
GDP Per Capita Ranking
The ten countries with the highest GDP per capita are Monaco, Luxembourg, Bermuda, Ireland, Switzerland, Norway, Cayman Islands, Singapore, United States, and Faroe Islands. Monaco has the highest GDP per capita standing at $234,316, followed by Luxembourg at $133,590. Bermuda has the third highest GDP per capita at $114,090, while Ireland has the fourth highest GDP per capita at $100,172. Switzerland and Norway have GDP per capita figures of $91,992 and $89,154, respectively. The Cayman Islands have the seventh highest GDP per capita at $86,569, and Singapore has the eighth highest GDP per capita at $72,794. The United States has the ninth highest GDP per capita in the world at $70,249, and the Faroe Islands round out the top ten with $69,010.
The ten countries with the highest GDP per capita are:
1. Monaco – $234,316 2. Luxembourg – $133,590 3. Bermuda – $114,090 4. Ireland – $100,172 5. Switzerland – $91,992 6. Norway – $89,154 7. Cayman Islands – $86,569 8. Singapore – $72,794 9. United States – $70,249 10. Faroe Islands – $69,010
Highest GDP Per Capita
Monaco has the highest GDP per capita, standing at $234,316. There are several factors that contribute to Monaco’s economic performance. Firstly, Monaco is renowned as a global financial hub, attracting wealthy individuals and businesses from around the world. Its favorable tax system has made it an attractive destination for high-net-worth individuals seeking to preserve and grow their wealth. Furthermore, Monaco’s strategic location on the French Riviera has made it a popular tourist destination, attracting visitors who contribute to the local economy through spending on accommodations, dining, and entertainment. The principality’s luxury real estate market and thriving casino industry also generate substantial revenue. Monaco’s small size plays a role in its high GDP per capita as well. With a population of around 36,000 people, the economic output is concentrated among a relatively small number of individuals, which contributes to higher average incomes.
List of Countries by GDP per Capita
Afghanistan
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Afghanistan has the second lowest GDP per capita at $368.75. The country has faced decades of conflict, political instability, and security challenges, which have hindered economic development.
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Australia's GDP per capita stands at $60,443. The country benefits from its abundant natural resources, including minerals, natural gas, and agricultural products. Australia's strong ties to the Asia-Pacific region, advanced financial sector, and vibrant industries such as mining, tourism, and education contribute to its high GDP per capita.
Austria
Austria has a GDP per capita of $53,638. The country's strong economy is driven by sectors such as services, manufacturing, and high-end technology. Austria is known for its quality craftsmanship, automotive industry, tourism, and financial services. The country's strategic location in Central Europe further enhances its economic stability and growth.
Azerbaijan
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bermuda has the third highest GDP per capita at $114,090. Bermuda's thriving offshore financial sector, which includes insurance and reinsurance industries, has been a major driver of its high GDP per capita. The country's favorable tax regime, skilled workforce, and strong infrastructure have also played a significant role in attracting international businesses and high-income individuals.
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
Burundi has the lowest GDP per capita standing at $221.48. The country's low GDP per capita can be attributed to various factors, including political instability, widespread poverty, limited access to education and healthcare, and a primarily agrarian economy that faces challenges such as land scarcity and climate vulnerability.
Cambodia
Cameroon
Canada
Canada has a GDP per capita of $51,988. The country's strong economy benefits from its rich natural resources, including oil, gas, minerals, and forests. Canada also excels in industries such as manufacturing, finance, technology, and services. The country's stability, quality of life, and skilled workforce contribute to its high GDP per capita.
Cayman Islands
The Cayman Islands has the seventh highest GDP per capita at $86,569. The Cayman Islands' thriving financial services sector, including offshore banking and investment management, has been instrumental in its high GDP per capita. The absence of direct taxation and a well-regulated business environment have attracted international corporations and wealthy individuals to the country.
Central African Republic
The Central African Republic has the fourth lowest GDP per capita at $461.14. The country has faced a long history of political instability, ethnic tensions, and armed conflict. These factors, along with poor infrastructure, limited access to education and healthcare, and a predominantly subsistence-based agricultural economy, contribute to its low GDP per capita.
Chad
Chile
Colombia
Comoros
Costa Rica
Croatia
Curaçao
Cyprus
Czech Republic
Democratic Republic of the Congo
The Democratic Republic of the Congo [DRC] has a GDP per capita of $577.21. The country has faced years of political instability, armed conflict, and weak governance. The DRC is rich in natural resources, including minerals like cobalt and copper, but the exploitation of these resources has been plagued by corruption and mismanagement. Additionally, inadequate infrastructure, poor healthcare, and limited access to education contribute to the DRC's low GDP per capita.
Denmark
Denmark boasts a GDP per capita of $68,008. The country's strong welfare state, high standard of living, and well-regulated market economy contribute to its high GDP per capita. Denmark has a diverse economy, with key sectors including manufacturing, services, renewable energy, and pharmaceuticals.
Djibouti
Dominica
Dominican Republic
East Timor
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Eswatini
Ethiopia
Faroe Islands
The Faroe Islands – a Danish territory – has the tenth highest GDP per capita at $69,010. The Faroe Islands' high GDP per capita is primarily driven by its fishing industry, which contributes significantly to its economy. Additionally, the islands have benefited from investments in renewable energy, tourism, and the development of niche industries.
Federated States of Micronesia
Fiji
Finland
Finland's GDP per capita is $53,655. The country has a well-diversified economy with a strong focus on technology, innovation, and research. Finland's key sectors include telecommunications, electronics, forest industry, and clean technology. Additionally, Finland boasts high-quality education and a skilled labor force, contributing to its economic prosperity.
France
Gabon
Georgia
Germany
Ghana
Greece
Grenada
Guam
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
Iceland has a GDP per capita of $68,728. The country's high GDP per capita can be attributed to its thriving tourism industry, renewable energy sector, and robust fisheries. Additionally, Iceland benefits from a well-functioning welfare system, strong infrastructure, and a highly educated workforce.
India
Indonesia
Iran
Iraq
Ireland
Ireland has the fourth highest GDP per capita at $100,172. Ireland's GDP per capita is primarily due to its status as a global hub for technology and multinational corporations. The country has attracted significant foreign direct investment, particularly from the tech industry, benefiting from its skilled workforce, favorable tax policies, and membership in the European Union.
Israel
Israel's GDP per capita is $52,171. The country has a highly developed and diversified economy, with strong sectors such as technology, innovation, and defense. Israel is known for its advanced research and development, high-tech start-ups, and thriving industries in areas like cybersecurity, biotechnology, and aerospace.
Italy
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Lithuania
Luxembourg
Luxembourg has the second highest GDP per capita at $133,590. Luxembourg's high GDP per capita is primarily driven by its robust financial services sector, hosting numerous international banks and investment firms. The country's favorable business environment, political stability, and advantageous tax policies have attracted foreign investments, contributing to its strong economic performance.
Macau
Madagascar
Madagascar has the seventh lowest GDP per capita at $500.51. The country faces challenges such as political instability, weak governance, and environmental vulnerability which contribute to its low GDP per capita.
Malawi
Malawi has the ten lowest GDP per capita at $634.84. The country faces challenges such as widespread poverty, limited access to education and healthcare, and a predominantly agrarian economy. Malawi relies on subsistence farming, and the agriculture sector is vulnerable to weather patterns and climate change. Inadequate infrastructure, high population growth, and low industrial development contribute to its low GDP per capita.
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Moldova
Monaco
Monaco has the highest GDP per capita standing at $234,316. Monaco's GDP per capita can be attributed to its status as a global financial hub and a popular tourist destination, attracting wealthy individuals and generating substantial revenue from sectors such as finance, real estate, and the casino industry.
Mongolia
Montenegro
Morocco
Mozambique
Mozambique has the sixth lowest GDP per capita at $491.84. The country has faced economic challenges such as inadequate infrastructure, limited access to education and healthcare, and vulnerability to natural disasters. Although Mozambique has significant natural resources, including natural gas and minerals, these resources have yet to be fully exploited to drive economic growth and development.
Myanmar
Namibia
Nauru
Nepal
Netherlands
The Netherlands has a GDP per capita of $57,768. The country is known for its open economy, advanced logistics, and highly developed infrastructure. The Netherlands excels in sectors such as manufacturing, services, agriculture, and international trade, making it a prominent player in global markets.
New Caledonia
New Zealand
Nicaragua
Niger
Niger has the ninth lowest GDP per capita at $590.63. The country faces significant economic challenges such as a predominantly agrarian economy, vulnerability to climate change, and limited access to basic services. Niger's economy heavily relies on subsistence agriculture and faces persistent food insecurity. Factors like high population growth, desertification, and inadequate infrastructure contribute to its low GDP per capita.
Nigeria
Norway
Norway has the sixth highest GDP per capita at $89,154. Norway's prosperity is primarily driven by its abundant natural resources, particularly oil and gas reserves. The country has effectively managed its petroleum wealth through a sovereign wealth fund, providing stability and economic growth. Additionally, Norway has a well-functioning welfare system and high standards of living, further contributing to its high GDP per capita.
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
People's Republic of China
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Qatar has a GDP per capita of $66,838, primarily driven by its vast oil and natural gas reserves. The country has successfully transformed its energy wealth into a modern and prosperous economy. Qatar invests heavily in infrastructure development, tourism, finance, and real estate, positioning itself as a regional hub for business and trade.
Republic of Macedonia
Republic of the Congo
Romania
Russia
Rwanda
Samoa
São Tomé and Príncipe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Sierra Leone has the fifth lowest GDP per capita at $480.04. The country has faced challenges such as civil war, political instability, and inadequate infrastructure which contribute to its low GDP per capita.
Singapore
Singapore has the eighth highest GDP per capita at $72,794. Singapore's economic success can be attributed to its strategic location, excellent infrastructure, and pro-business policies. The country has positioned itself as a global trade and financial center, attracting foreign investments, fostering innovation, and nurturing a competitive business environment.
Slovakia
Slovenia
Solomon Islands
Somalia
Somalia has the third lowest GDP per capita at $446.98. The country has experienced prolonged political instability, civil unrest, and lack of effective governance, which have severely hampered its economic growth.
South Africa
South Korea
Spain
Sri Lanka
Sudan
Suriname
Sweden
Sweden has a GDP per capita of $61,029. The country's high GDP per capita can be attributed to its knowledge-based economy, innovation, and a strong focus on research and development. Sweden has thriving sectors such as manufacturing, information technology, green technology, and healthcare, contributing to its economic success.
Switzerland
Switzerland has the fifth highest GDP per capita at $91,992. Switzerland's strong economy is characterized by a highly developed financial sector, precision manufacturing, and a thriving pharmaceutical industry. Its reputation for quality products, technological innovation, and political stability has contributed to its high GDP per capita.
Tajikistan
Tanzania
Thailand
The Bahamas
The Gambia
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of America
The US GDP per capita is one of the highest GDP per capita in the world at $70,249. The economy is highly diversified and characterized by its large consumer market, technological innovation, and significant contributions from sectors such as finance, healthcare, and technology. Its entrepreneurial culture, access to capital, and robust infrastructure contribute to its high GDP per capita.
Who has the three highest per capita GDP in the world?
🇺🇸 U.S. Luxembourg, Ireland, and Norway lead the ranking with more than $100,000 in GDP per capita. Luxembourg is a key financial services center in Europe, Ireland is headquarters to many multinational corporations, and Norway is one of the largest energy exporters in the region, explaining their relative prosperity.
What 3 countries have the highest GDP in the world?
Which are the top 5 GDP countries in the world? The US, China, Japan, Germany, and India, respectively, hold those positions in 2024.
6 United Kingdom [U.K.]
What is the richest country in the world per capita?
Luxembourg, whose financial sector makes up 25% of its GDP, is the world's richest country by GDP per capita. With a population of just 660,000, the country is also considered a tax haven, incentivizing foreign investment due to its favorable tax policies.
What are the top 5 countries by GDP?
IMF World Economy Rankings 2024. The world economy rankings list was prepared by the IMF. ... .
United States. The United States has maintained the position in global economy and considered as wealthiest nation, and holds 1st place from 1960 to 2023. ... .
China. ... .
Germany. ... .
Japan. ... .
India. ... .
United Kingdom. ... .
France..