Markets
Mapped: GDP per Capita Worldwide
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Mapped: Visualizing GDP per Capita Worldwide
View the high-resolution of the infographic by clicking here.
GDP per capita has steadily risen globally over time, and in tandem, the standard of living worldwide has increased immensely.
This map using data from the IMF shows the GDP per capita (nominal) of nearly every country and territory in the world.
GDP per capita is one of the best measures of a country’s wealth as it provides an understanding of how each country’s citizens live on average, showing a representation of the quantity of goods and services created per person.
The Standard of Living Over Time
Looking at history, our standard of living has increased drastically. According to Our World in Data, from 1820 to 2018, the average global GDP per capita increased by almost 15x.
Literacy rates, access to vaccines, and basic education have also improved our quality of life, while things like child mortality rates and poverty have all decreased.
For example, in 1990, 1.9 billion people lived in extreme poverty, which was 36% of the world’s population at the time. Over the last 30 years, the number has been steadily decreasing — by 2030, an estimated 479 million people will be living in extreme poverty, which according to UNÂ population estimates, will represent only 6% of the population.
That said, economic inequality between different regions is still prevalent. In fact, the richest country today (in terms of nominal GDP per capita), Luxembourg, is over 471x more wealthy than the poorest, Burundi.
Here’s a look at the 10 countries with the highest GDP per capita in 2021:
However, not all citizens in Luxembourg are extremely wealthy. In fact:
- 29% of people spend over 40% of their income on housing costs
- 31% would be at risk of falling into poverty if they had to forgo 3 months of income
The cost of living is expensive in Luxembourg — but the standard of living in terms of goods and services produced is the highest in the world. Additionally, only 4% of the population reports low life satisfaction.
Emerging Economies and Developing Countries
Although we have never lived in a more prosperous period, and poverty rates have been declining overall, this year global extreme poverty rose for the first time in over two decades.
About 120 million additional people are living in poverty as a result of the pandemic, with the total expected to rise to about 150 million by the end of 2021.
Many of the poorest countries in the world are also considered Least Developed Countries (LDCs)Â by the UN. In these countries, more than 75% of the population live below the poverty line.
Here’s a look at the 10 countries with the lowest GDP per capita:
Life in these countries offers a stark contrast compared to the top 10. Here’s a glance at the quality of life in the poorest country, Burundi:
- 80% of the population works in agriculture
- 1 in 3 Burundians are in need of urgent humanitarian assistance
- Average households spend up to two-thirds of their income on food
However, many of the world’s poorest countries can also be classified as emerging markets with immense economic potential in the future.
In fact, China has seen the opportunity in emerging economies. Their confidence in these regions is best exemplified in the Belt and Road initiative which has funneled massive investments into infrastructure projects across multiple African countries.
Continually Raising the Bar
Prosperity is a very recent reality only characterizing the last couple hundred years. In pre-modern societies, the average person was living in conditions that would be considered extreme poverty by today’s standards.
Overall, the standard of living for everyone today is immensely improved compared to even recent history, and some countries will be experiencing rapid economic growth in the future.
GDP per Capita in 2021: Full Dataset
Country | GDP per Capita (Nominal, 2021, USD) |
---|---|
🇱🇺 Luxembourg | $125,923 |
🇮🇪 Ireland | $90,478 |
🇨🇠Switzerland | $90,358 |
🇳🇴 Norway | $76,408 |
🇺🇸 United States | $66,144 |
🇩🇰 Denmark | $63,645 |
🇸🇬 Singapore | $62,113 |
🇮🇸 Iceland | $58,371 |
🇳🇱 Netherlands | $58,029 |
🇸🇪 Sweden | $57,660 |
Australia | $57,211 |
Qatar | $55,417 |
Austria | $54,820 |
Finland | $54,817 |
Germany | $51,967 |
Belgium | $50,051 |
Macao SAR | $48,207 |
Hong Kong SAR | $47,990 |
Canada | $45,871 |
France | $44,770 |
San Marino | $44,676 |
Israel | $43,439 |
United Kingdom | $42,236 |
New Zealand | $41,793 |
Japan | $40,733 |
Italy | $35,062 |
United Arab Emirates | $32,686 |
South Korea | $32,305 |
Malta | $32,099 |
The Bahamas | $31,532 |
Puerto Rico | $31,207 |
Spain | $31,178 |
Europe | $31,022 |
Cyprus | $29,686 |
Taiwan | $28,890 |
Slovenia | $28,734 |
Estonia | $26,378 |
Brunei | $26,274 |
Czech Republic | $25,991 |
Portugal | $25,097 |
Bahrain | $23,710 |
Kuwait | $23,138 |
Lithuania | $22,752 |
Aruba | $22,710 |
Slovakia | $21,606 |
Saudi Arabia | $20,742 |
Greece | $20,521 |
Latvia | $19,934 |
Hungary | $17,645 |
Barbados | $17,472 |
Poland | $16,740 |
Trinidad and Tobago | $16,622 |
Saint Kitts and Nevis | $16,491 |
Croatia | $16,402 |
Uruguay | $16,297 |
Romania | $14,916 |
Antigua and Barbuda | $14,748 |
Oman | $14,675 |
Panama | $14,390 |
Chile | $14,209 |
Maldives | $14,194 |
Palau | $13,180 |
Seychelles | $12,648 |
Costa Rica | $11,805 |
China | $11,713 |
Malaysia | $11,378 |
Bulgaria | $11,349 |
Russia | $10,793 |
Saint Lucia | $10,636 |
Grenada | $10,211 |
Guyana | $9,913 |
Nauru | $9,865 |
Mauritius | $9,630 |
Kazakhstan | $9,454 |
Montenegro | $9,152 |
Argentina | $9,095 |
Turkmenistan | $8,874 |
Serbia | $8,444 |
Mexico | $8,403 |
Dominica | $8,111 |
Equatorial Guinea | $8,000 |
Gabon | $7,785 |
Dominican Republic | $7,740 |
Thailand | $7,675 |
Iran | $7,668 |
Turkey | $7,659 |
Saint Vincent and the Grenadines | $7,401 |
Botswana | $7,036 |
North Macedonia | $6,933 |
Brazil | $6,728 |
Bosnia and Herzegovina | $6,536 |
Belarus | $6,513 |
Peru | $6,229 |
Jamaica | $5,643 |
Ecuador | $5,589 |
Colombia | $5,457 |
South Africa | $5,236 |
Paraguay | $5,207 |
Albania | $5,161 |
Tonga | $4,949 |
Suriname | $4,921 |
Fiji | $4,822 |
Iraq | $4,767 |
Kosovo | $4,753 |
Libya | $4,733 |
Georgia | $4,714 |
Moldova | $4,527 |
Armenia | $4,427 |
Namibia | $4,412 |
Azerbaijan | $4,404 |
Guatemala | $4,385 |
Jordan | $4,347 |
Tuvalu | $4,296 |
Indonesia | $4,287 |
Mongolia | $4,139 |
Marshall Islands | $4,092 |
Samoa | $4,053 |
El Salvador | $4,023 |
Micronesia | $3,995 |
Belize | $3,968 |
Sri Lanka | $3,928 |
Vietnam | $3,759 |
Eswatini | $3,697 |
Cabo Verde | $3,675 |
Bolivia | $3,618 |
Ukraine | $3,615 |
Egypt | $3,606 |
Philippines | $3,602 |
North Africa | $3,560 |
Algeria | $3,449 |
Bhutan | $3,447 |
Morocco | $3,409 |
Tunisia | $3,380 |
Djibouti | $3,275 |
West Bank and Gaza | $3,060 |
Vanuatu | $2,967 |
Laos | $2,614 |
Papua New Guinea | $2,596 |
Honduras | $2,593 |
Côte d'Ivoire | $2,571 |
Solomon Islands | $2,501 |
Ghana | $2,300 |
Republic of Congo | $2,271 |
Nigeria | $2,209 |
São Tomé and PrÃncipe | $2,133 |
Angola | $2,130 |
Kenya | $2,122 |
India | $2,031 |
Bangladesh | $1,990 |
Uzbekistan | $1,836 |
Nicaragua | $1,828 |
Kiribati | $1,817 |
Mauritania | $1,782 |
Cambodia | $1,680 |
Cameroon | $1,657 |
Senegal | $1,629 |
Venezuela | $1,586 |
Myanmar | $1,441 |
Comoros | $1,431 |
Benin | $1,400 |
Timor-Leste | $1,273 |
Kyrgyzstan | $1,270 |
Nepal | $1,166 |
Tanzania | $1,132 |
Guinea | $1,067 |
Lesotho | $1,018 |
Zambia | $1,006 |
Mali | $992 |
Uganda | $971 |
Ethiopia | $918 |
Tajikistan | $851 |
Burkina Faso | $851 |
Guinea-Bissau | $844 |
Rwanda | $820 |
The Gambia | $809 |
Togo | $759 |
Sudan | $714 |
Chad | $710 |
Haiti | $698 |
Liberia | $646 |
Eritrea | $632 |
Yemen | $573 |
Niger | $567 |
Madagascar | $554 |
Central African Republic | $522 |
Zimbabwe | $516 |
Afghanistan | $506 |
Democratic Republic of the Congo | $478 |
Sierra Leone | $471 |
Mozambique | $431 |
Malawi | $397 |
South Sudan | $323 |
Burundi | $267 |
Editor’s note: Readers have rightly pointed out that Monaco is one of the world’s richest countries in GDP per capita (nominal) terms. This is true, but the IMF dataset excludes Monaco and lists it as “No data” each year. As a result, it is excluded from the visualization(s) above.
Markets
Will Tesla Lose Its Spot in the Magnificent Seven?
We visualize the recent performance of the Magnificent Seven stocks, uncovering a clear divergence between the group’s top and bottom names.
Will Tesla Lose Its Spot in the Magnificent Seven?
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In this graphic, we visualize the year-to-date (YTD) performance of the “Magnificent Seven”, a leading group of U.S. tech stocks that gained prominence in 2023 as the replacement of FAANG stocks.
All figures are as of March 12, 2024, and are listed in the table below.
Rank | Company | YTD Change (%) |
---|---|---|
1 | Nvidia | 90.8 |
2 | Meta | 44.3 |
3 | Amazon | 16.9 |
4 | Microsoft | 12 |
5 | 0.2 | |
6 | Apple | -6.7 |
7 | Tesla | -28.5 |
From these numbers, we can see a clear divergence in performance across the group.
Nvidia and Meta Lead
Nvidia is the main hero of this show, setting new all-time highs seemingly every week. The chipmaker is currently the world’s third most valuable company, with a valuation of around $2.2 trillion. This puts it very close to Apple, which is currently valued at $2.7 trillion.
The second best performer of the Magnificent Seven has been Meta, which recently re-entered the trillion dollar club after falling out of favor in 2022. The company saw a massive one-day gain of $197 billion on Feb 2, 2024.
Apple and Tesla in the Red
Tesla has lost over a quarter of its value YTD as EV hype continues to fizzle out. Other pure play EV stocks like Rivian and Lucid are also down significantly in 2024.
Meanwhile, Apple shares have struggled due to weakening demand for its products in China, as well as the company’s lack of progress in the artificial intelligence (AI) space.
Investors may have also been disappointed to hear that Apple’s electric car project, which started a decade ago, has been scrapped.
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