Connect with us

Datastream

Ranked: The World’s 25 Richest Countries by GDP per Capita

Published

on

A map of the world, with the countries with the highest per capita GDP highlighted.

The Briefing

  • The world GDP per capita continues to grow every year, and is projected to be $13,920 for 2023
  • Luxembourg is the richest country with a GDP per capita of $128,820

 

Mapped: Which Are the World’s Richest Countries?

Measuring GDP per capita is a common measure of the economic wealth on a per person basis. This article sorts countries according to the latest International Monetary Fund (IMF) projections on GDP per capita for 2023.

Currently this metric is at $13,920 globally in 2023, up from $13,400 in 2022 and $11,160 in 2020, all nominal figures, not accounting for inflation.

ℹ️ GDP per capita is a measure of the total economic output of a country (GDP) divided by the total population of the country.

Here is the full ranking of the richest countries in 2023, according to their per capita GDP.

CountryGDP per capita, USD
Luxembourg$128,820
Ireland$106,998
Switzerland$94,835
Qatar$89,417
Norway$88,749
Singapore$84,501
United States$78,422
Iceland$77,961
Australia$68,024
Denmark$66,394
Sweden$60,474
Canada$59,179
Israel$58,274
Netherlands$57,629
Macao SAR$55,645
Austria$52,317
Hong Kong SAR$52,133
United Kingdom$51,287
Finland$51,178
Belgium$50,907
Germany$49,431
New Zealand$49,009
United Arab Emirates$48,263
San Marino$47,485
France$42,647
Brunei Darussalam$41,714
Andorra$40,644
Puerto Rico$40,361
Taiwan$36,834
Kuwait$35,256
Japan$35,034
South Korea$34,768
The Bahamas$34,549
Malta$33,793
Italy$33,663
Aruba$33,483
Estonia$31,216
Slovenia$30,841
Cyprus$30,240
Czech Republic$29,857
Spain$29,730
Bahrain$29,077
Saudi Arabia$27,009
Lithuania$25,656
Portugal$25,487
Iran$23,620
Oman$23,194
Latvia$22,765
Slovak Republic$22,296
Barbados$21,637
Greece$21,372
Seychelles$21,321
Guyana$21,163
Trinidad and Tobago$20,642
Uruguay$20,464
Saint Kitts and Nevis$20,393
Hungary$20,119
Poland$20,046
Croatia$18,452
Antigua and Barbuda$18,265
Chile$17,282
Panama$17,154
Maldives$16,440
Romania$16,228
Palau$15,082
Russian Federation$14,705
Malaysia$13,943
Costa Rica$13,806
Argentina$13,768
China$13,630
Bulgaria$13,221
Turkmenistan$13,021
Kazakhstan$12,433
Saint Lucia$11,679
Dominican Republic$11,406
Mexico$11,251
Grenada$11,156
Türkiye, Republic of$10,864
Montenegro$10,722
Nauru$10,097
Equatorial Guinea$10,087
Serbia$10,076
Belarus$9,938
Gabon$9,850
Mauritius$9,832
Brazil$9,572
Saint Vincent and the Grenadines$9,432
Dominica$8,840
Thailand$8,274
Botswana$7,463
Peru$7,354
Georgia$7,270
North Macedonia$7,263
Bosnia and Herzegovina$7,082
Colombia$6,940
Azerbaijan$6,872
South Africa$6,813
Albania$6,592
Ecuador$6,588
Armenia$6,568
Libya$6,392
Belize$6,382
Iraq$6,320
Tuvalu$6,215
Jamaica$5,985
Paraguay$5,907
Fiji$5,869
Moldova$5,744
Kosovo$5,560
Tonga$5,368
Marshall Islands$5,087
El Salvador$5,076
Namibia$5,053
Suriname$5,037
Guatemala$5,007
Indonesia$5,006
Jordan$4,930
Mongolia$4,726
Vietnam$4,683
Egypt$4,438
Micronesia$4,309
Eswatini$4,189
Algeria$4,163
Samoa$4,126
Morocco$4,068
Angola$3,998
Djibouti$3,870
Bhutan$3,856
Bolivia$3,792
Philippines$3,764
Tunisia$3,762
Cabo Verde$3,709
Papua New Guinea$3,570
West Bank and Gaza$3,544
Venezuela$3,267
Vanuatu$3,115
Honduras$3,080
Bangladesh$2,847
Congo, Republic of$2,844
India$2,692
Nigeria$2,585
Uzbekistan$2,555
Nicaragua$2,541
Côte d'Ivoire$2,497
Mauritania$2,366
Solomon Islands$2,330
Zimbabwe$2,308
São Tomé and Príncipe$2,302
Kenya$2,259
Ghana$2,131
Lao P.D.R.$1,985
Cambodia$1,902
Haiti$1,792
Kiribati$1,732
Senegal$1,640
Cameroon$1,609
Kyrgyz Republic$1,570
Timor-Leste$1,495
Guinea$1,446
Zambia$1,396
Benin$1,383
Nepal$1,372
Tanzania$1,341
Comoros$1,303
Ethiopia$1,227
Lesotho$1,209
Myanmar$1,173
Uganda$1,164
Tajikistan$1,050
Togo$1,008
Rwanda$968
Sudan$930
Gambia$883
Mali$877
Guinea-Bissau$874
Yemen$872
Burkina Faso$832
Liberia$770
Chad$755
Congo$704
Eritrea$700
Mozambique$579
Niger$574
South Sudan$570
Somalia$562
Madagascar$540
Central African Republic$516
Malawi$483
Sierra Leone$472
Burundi$308

Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000. Formerly known for its steel manufacturing, the country now boasts a large financial services sector, which accounts for the majority of its economic output.

Luxembourg’s per capita GDP is nearly 415 times the per capita GDP of the world’s poorest country, Burundi, at $303.

Ireland is the second-richest country in the world on a GDP per capita basis with $107,000, followed by Switzerland at nearly $94,000. Ireland’s GDP per capita, in particular, has seen a significant increase in recent years due to its pro-business environment, low corporate tax rates, and a highly educated workforce that attracts foreign direct investment.

Most of the richest countries are found in Europe and North America (the top two richest continents), with a per capita GDP of $34,500 and $59,000, respectively. On the other hand, most of the poorest countries in the world are found in Africa.

Both metrics show a continuation of historical trends of regional wealth in the world.

» See a ranking of the poorest countries in the world

Source: International Monetary Fund.

Data note: The IMF dataset does not include data for all countries, and those with missing data for 2023 have not been included in this visualization. Some of the countries not included are: Afghanistan, Bermuda, Cuba, Monaco, Pakistan, Sri Lanka, Syria. For a full list of countries not included, refer to the IMF site. Furthermore, the GDP per capita dataset often updates as currency rates fluctuate, which may lead to slight differences in figures at the time of publishing.

Click for Comments

Datastream

Can You Calculate Your Daily Carbon Footprint?

Discover how the average person’s carbon footprint impacts the environment and learn how carbon credits can offset your carbon footprint.

Published

on

The Briefing

  • A person’s carbon footprint is substantial, with activities such as food consumption creating as much as 4,500 g of CO₂ emissions daily.
  • By purchasing carbon credits from Carbon Streaming Corporation, you can offset your own emissions and fund positive climate action.

Your Everyday Carbon Footprint

While many large businesses and countries have committed to net-zero goals, it is essential to acknowledge that your everyday activities also contribute to global emissions.

In this graphic, sponsored by Carbon Streaming Corporation, we will explore how the choices we make and the products we use have a profound impact on our carbon footprint.

Carbon Emissions by Activity

Here are some of the daily activities and products of the average person and their carbon footprint, according to Clever Carbon.

Household Activities & ProductsCO2 Emissions (g)
💡 Standard Light Bulb (100 watts, four hours)172 g
📱 Mobile Phone Use (195 minutes per day)*189 g
👕 Washing Machine (0.63 kWh)275 g
🔥 Electric Oven (1.56 kWh)675 g
♨️ Tumble Dryer (2.5 kWh)1,000 g
🧻 Toilet Roll (2 ply)1,300 g
🚿 Hot Shower (10 mins)2,000 g
🚙 Daily Commute (one hour, by car)3,360 g
🍽️ Average Daily Food Consumption (three meals of 600 calories)4,500 g
*Phone use based on yearly use of 69kg per the source, Reboxed

Your choice of transportation plays a crucial role in determining your carbon footprint. For instance, a 15 km daily commute to work on public transport generates an average of 1,464 g of CO₂ emissions. Compared to 3,360 g—twice the volume for a journey the same length by car.

By opting for more sustainable modes of transport, such as cycling, walking, or public transportation, you can significantly reduce your carbon footprint.

Addressing Your Carbon Footprint

One way to compensate for your emissions is by purchasing high-quality carbon credits. 

Carbon credits are used to help fund projects that avoid, reduce or remove CO₂ emissions. This includes nature-based solutions such as reforestation and improved forest management, or technology-based solutions such as the production of biochar and carbon capture and storage (CCS).

While carbon credits offer a potential solution for individuals to help reduce global emissions, public awareness remains a significant challenge. A BCG-Patch survey revealed that only 34% of U.S. consumers are familiar with carbon credits, and only 3% have purchased them in the past.

About Carbon Streaming

By financing the creation or expansion of carbon projects, Carbon Streaming Corporation secures the rights to future carbon credits generated by these sustainable projects. You can then purchase these carbon credits to help fund climate solutions around the world and compensate for your own emissions. 

Ready to get involved?

>> Learn more about purchasing carbon credits at Carbon Streaming

Continue Reading
GraniteShares ETFs MSFL Microsoft LEveraged ETF 2X Long

Subscribe

Popular