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This is a list of countries of the world sorted by their gross domestic product (GDP). GDP is the worth of all goods and services made in a country in a year. Per capita means per person.
GDP per capita (also called GDP per person) is used as a measure of a country’s standard of living. A country with a higher level of GDP per capita is considered to be better off in economic terms than a country with a lower level.
Several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax-planning activities. Examples include Bermuda, the Cayman Islands, Ireland and Luxembourg.
Country/territoryUn RegionImf [4] [5](estimate)Imf [4] [5](year)————131,3842024——- What Is GDP Per Capita?
- Understanding GDP Per Capita
- GDP Per Capita vs. GDP
- Implications of GDP Per Capita
- Countries with The Highest GDP Per Capita
- Global Growth Projections
- The Bottom Line
Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output to a per-person allocation. Economists use GDP per capita to determine the prosperity of countries based on their economic growth. GDP per capita is calculated by dividing the GDP of a nation by its population. Countries with a higher GDP per ...
Gross domestic productper capita is a global measurement used by economists to gauge the prosperity of nations based on economic growth. There are a few ways to analyze a country’s wealth and prosperity. GDP per capita is the most universal because its components are regularly tracked on a global scale, providing ease of calculation and usage. Inco...
GDP itself is the primary measure of a country's economic productivity. A country's GDP shows the market value of the goods and services it produces. The Bureau of Economic Analysis (BEA)reports GDP every quarter in the United States. Economists watch this quarterly report closely for the quarter-over-quarter and annual growth figures that can assi...
Governments can use GDP per capita to understand how their economies are growing along with their populations. GDP per capita analysis on a national level can provide insights into a country’s domestic population influence. Look at each variable’s contribution to the per capita figure to understand how an economy is growing or contracting relative ...
These are the 10 countries with the highest GDP per capita as of April 2024, according to the International Monetary Fund (IMF). Many of the countries on this list have relatively small populations. Luxembourghas one of the smallest with about 660,000 people in 2023. Most of these small-population countries are energy exporters, regional financial ...
The IMF provides a regular outlook on the global growth of GDP. This growth can affect the outlook for the growth of GDP per capita. The IMF expects global GDP growth of 3.1% in 2024 and 3.2% in 2025. The projection is slightly higher than the projection provided in October 2023 due to the resilience of the U.S. economy and many large emerging mark...
GDP per capita is a popular metric used to measure the average prosperity and well-being of a country. It takes populations into account, unlike some other measures of economic productivity, allowing easy comparisons between countries with different populations.
May 20, 2024 · This GDP per capita indicator provides information on economic growth and income levels from 1990. This data is adjusted for inflation and for differences in the cost of living between countries. This data is expressed in international-$ at 2017 prices.
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.
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Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
