As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). In 2019, the United States spent about $11,100 per person on healthcare — the highest healthcare cost per capita across the OECD. Labour productivity levels - most recent year. Luxemburg tops the ranking with GDP per capita of $116,921, followed by Switzerland, with $86,849, and Ireland with $83,850. There is huge disparity between many European countries in terms of their earnings. But it's population is only about 9 million. $3316 for Italy and $2677 for Greece. However, of the G7 group of large, developed economies, UK healthcare spending per person was the second-lowest, with the highest spenders being France (£3,737), Germany (£4,432) and the United States (£7,736). At the end of 2015 Swiss GDP per capita stood at CHF 77,943 (approx. The country has a sizeable labor force despite its relatively small size; is experiencing an unprecedented period of economic growth (with GDP exceeding 26% growth in 2015) and is politically very stable. 2) Finland is the country with the biggest number of metal bands per capita … Luxembourg is a tiny country -- and even has to import labor. Per capita income, in purchasing power parity terms, ranges from $17,537 in Poland to $53,748 in Norway; interestingly, both have very high percentages of public employees. This is one of the main reasons Brazil is one of the top countries by GDP in 2020. The country has highest of the GDP’s in the … In a European perspective Sweden was a rather poor country. The magazine ranked the world's countries according to their gross domestic product (GDP) based on purchasing power parity (PPP) per capita. This is the case for instance in central and eastern European countries … This is the case for instance in Central and Eastern European countries as well as in Greece. ... Country [50 / 55] Subject [13 / 13] Measure [6 / 6] Time [51] Layout; Table options Export. English speaking countries; Europe; European Union; Eurozone; failed states; Former British colonies; Former French colonies; Former Soviet republics; Former Spanish colonies; ... Economy > GDP per capita in 1900: Countries Compared Map. Research expert covering historical data. Kansas City has a population around 100,000 smaller, and saw over 125 murders in 2016. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. Slovakia has the highest GDP growth in the period 2005–2015 among all countries of the European Union (See Tatra Tiger). European house price and other economic statistics vary in quality. In 2013, Russia was ahead of Portugal by GDP (PPP) per capita. Switzerland has the second highest gross domestic product (GDP) per capita in the world. 8/10 are in Europe! 198 rows With above one lakh USD Luxembourg has the highest GDP. Luxembourg has by far the highest GDP per capita among all the 37 countries included in this comparison, being more than two and a half times above the EU-27 average. 198 rows With above one lakh USD Luxembourg has the highest GDP. Excel Avalanche Prone Countries. Preliminary estimates for 2016 indicate that the GDP per capita in Iceland was 28% above the EU28 average and that Iceland ranked in 5 th place of the 37 participating European * countries, was in 10 th place in the previous year. Despite a stumble in the final quarter of 2018 (triggered by a … This indicator is presented both in terms of annual growth rates (for real net disposable income) and in terms of USD per capita at current prices and PPPs (gross adjusted disposable income). e: Maddison Project GDP per capita has different numbers for Italy/Greece for the record though. 4. Among EU Member States with the highest regional disparities, the ratio for GDP expressed per capita remains at a Italy's GDP (PPP) in 1938 was $144 billion, while Greece's was $19 billion. However, the total UK economy varies by region, with England and Scotland generating the highest GDP per capita, followed by Northern Ireland and then Wales. 9. What we will see is that that the country benefits from a particularly unusual concatenation of circumstances, and it is the confluence of these circumstances that make Luxembourg so economically successful. This is a sortable list of all European countries by their gross domestic product in US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund.The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, and Kosovo. The countries with the highest skill scores are, generally speaking, the richest: the correlation between a nation’s per-capita GDP and its median GSI rank across business, technology… Europe: GDP per capita. Rich countries dominated the top positions yet around half of the top twenty most charitable were developing nations such as … Seychelles had largest GDP per capita in Africa as of 2021. Norway comes … To answer it we need to analyze four GDP factors – GDP per capita (US$), GDO per capita growth (annual %), GDP growth (annual %) and GDP (current US$). Germany is Europe’s largest economy and the fourth largest economy in the world with a GDP of $3.47 trillion and a per capita income of $47,377. SWEDEN – 60,430.22 USD With above 116k USD, Luxembourg has the highest GDP (nominal) per capita globally in 2020, which is ten times the world GDP per capita and over 460 times of lowest-ranked Burundi of US$254. GDP per Capita While Germany had the largest economy overall, its large population meant that it does not have the highest GDP per capita. (see Data FAQs) European statistics. Bermuda is renowned as a tax haven. Countries with a total electric car market share of less than 3% have an average GDP of below €17,000. This statistic shows a GDP per capita ranking by country in 2017. (see Data FAQs) European statistics. Changes in gdp per capita, world rank and continent rank, compare to world economy and continent economy. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2020. Still, through effective testing and contact tracing measures, Luxembourg has weathered the pandemic better than most of its European neighbors. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. Aug 10, 2020. GDP of European countries in 2020. What is more, the five countries with the lowest market uptake of electric cars also have very few charging points – under 1% of the EU total each. The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. European Countries by population (2021) Click on each country to view current estimates (live population clock), historical data, list of countries, and projected figures. The 50 wealthiest economies showcased in the table below generated the highest GDP per capita averages on a Purchasing Power Parity basis. GDP (Nominal) and GDP (PPP) per capita of Oceanian countries by IMF. It's a case of this being per capita, in total terms Italy was much richer. Germany is not only the largest but also the strongest economy in Europe. On a worldwide scale, with a $3.95 trillion GDP, it is the fourth largest nominal GDP economy. The purchasing power parity output of its GDP is $4.4 trillion, while per capita GDP is $48,264 (16th). This page provides values for GDP per capita PPP reported in several countries part of Europe. Cheapest Countries to Travel to. 0. None. But Portugal's GDP per capita … License : CC BY-4.0. Bermuda reportedly has the highest GDP per capita in the world, as its favourable tax rates and island lifestyle attract high net worth individuals and major corporations. GDP per capita (current US$) - European Union. The 1990-2005 period is characterised by relatively high economic growth and more moderate growth in gross … However, Croatia still has GDP per capita higher than this country and Albania or Bosnia and Herzegovina combined. Luxembourg saw almost none. Luxembourg has such a high GDP per capita it will well repay our efforts to investigate why this should be the case. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. National Debt of Japan – 234.18% (Source: World Population Review) Japan is the country with the highest national debt to GDP ratio. London is the second-most visited city in the world. However, using per capita GDP still poses a problem: the very same income can buy very little in some countries and go much further in others where basic necessities—food, clothing, shelter, or healthcare—cost far less. It has the eighth highest per capita income and is generally high ranking in areas of education, healthcare, equality, economy, and civil liberty. , Jul 8, 2021. Measure: GDP per capita. As a result, in 2021 the grand duchy's GDP will rebound by 4% from -1.3% in 2020. Austria is a wealthy country and has a robust economy (per capita). This is partly explained by the fact that a large number of foreign residents are employed in the country and thus contribute to its GDP, while they are not included in the resident population. Best Countries for Gender Equality. Between 1990 and 2017, the EU's energy intensity — i.e. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. 5. Sweden is known for its high standards of living[22]. Countries With the Lowest GDPKiribati. Kiribati has a population of slightly over 100,000 people and a GDP of $167 million. ...Marshall Islands. The Marshall Islands is located in the Pacific Ocean near the equator. ...Palau. ...Federated states of Micronesia. ...São Tomè and Prìncipe. ...Tonga. ...Dominica. ...Comoros. ...Vanautu. ...St. ... Level of GDP per capita and productivity. The contribution from the agricultural sector is less than 1%. Malaysia has seen economic growth of 5.2 percent GDP per capita since 2018, putting it at 14th on the list of richest countries in Asia and 50th richest country worldwide. GDP per capita levels - most recent year. Slovenian GDP per capita in PPS in 2019 amounted to 88% of the EU-27 average, which was a 1 percentage point higher value than in the previous year. In 2014, Luxembourg, Norway, Qatar, and Switzerland reported the highest gross domestic product per … Qatar's GDP per Capita (PPP) is 8 times higher than the average GDP per Capita (PPP) of the world. Rankings are based on GDP per capita current prices US dollars per capita according to IMF data April 2021. the ratio between its gross inland energy consumption and its gross domestic product (GDP) — decreased by 37 %. European house price and other economic statistics vary in quality. The country has the thirteenth-highest per capita income in the world and has a high level economic freedom. Line Bar Map. Richest countries per capita gdp. Tsunami Prone Countries. Twelve economies have per capita income above $50,000. Gdp per Capita is a metric that breaks down a country’s GDP per person. Monaco is the richest country in terms of GDP per capita in the world according to the World Bank report. Netherlands have very high GDP per capita ($50,790) which is among one of the highest throughout the world. Moldova is the poorest country in Europe, with a GDP per capita of $1,843.2. Ukraine is the second poorest with an income of $2,115 per capita annually, followed by Kosovo, which has a GDP per capita of $3,553. $118k in 2020. Interesting observations about Economy > GDP per capita in 1900. It is one of the smallest countries by area, with 2.2 sq km. Slovakia has the highest GDP growth in the period 2005–2015 among all countries of the European Union (See Tatra Tiger). List of nominal GDP for European countries in billion USD. 10 rows Ten of the wealthiest countries experienced increases in their GDP per capita at a more. Qatar ranked first for GDP per capita amongst Hot countries in 2011. Below you can find our list of countries ranked by public debt as a percentage of GDP. With a Gross Domestic Product of over 3.3 trillion Euros, the German economy was by far the largest in Europe … The British economy also has a strong tourism sector. Instead, Luxembourg has the highest GDP per capita at … All OECD countries compile their data according to the 2008 System of National Accounts (SNA 2008). This is a list of countries of the world sorted by their gross domestic product (GDP) per capita.GDP per capita is a measurement used to determine economic growth and potential increases in productivity and is calculated by taking the GDP and dividing it by the total population in the country. The reason for all this may be due to the high standards of living and extremely low poverty rates in the nation. And it has virtually no national debt. Level of GDP per capita and productivity. This decrease was continuous throughout the entire period, with an average annual decrease of 1.7 % per year. Italy. Slovenia’s GDP per capita in PPS has been increasing for the fourth consecutive year. The GDP of Switzerland is currently 83833 USD. GDP Growth: 1.9%; Per-Capita GDP: $43,000; Public Debt/GDP: 68%; Population: 83M Wedged between Ukraine, Russia and Poland, this Eastern European country is one of the poorest countries on the continent . According to the United Nations, Monaco is the richest country in Europe and in the world. In World Factbook data, Liechtenstein is in the 1st position. This allows analysts to predict GDP and per capita income in light of the path that will take each nation towards the year 2050. Instead, Luxembourg has the highest GDP per capita at over 113 thousand U.S dollars, followed by Switzerland at around 83 thousand U.S dollars. The European countries with the lowest percentage of public workers are the Netherlands and Austria, but Portugal is only slightly above the Netherlands. Countries’ volume indices of GDP per capita are shown in the left-hand part of Table 1. 2012 reading: $106,958. Below is a table of sovereign states in Europe by GDP (PPP) per capita in … Monaco’s total income about $5.424 billion (GDP-Nominal). GDP per Capita: $6,450; GDP – Purchasing Power Parity (PPP): $3.08 trillion; Brazil’s economy is the 12th largest in the world with an estimated worth of natural resources being $21.8 trillion. Total employment. Finland has been ranked the happiest country in the world for the second time in a row. Luxembourg has been stable for decades, and good governance has … But despite its size, Liechtenstein has a per capita GDP of $165,028 — the second highest in the world, surpassed only by Monaco. It has a population of 37,831, with a density of 18,713 per sqr km in the year 2013. 1. Belarus, the last autocracy. To gauge how a country’s citizens are wealthy it is necessary to understand how much they can buy. Top 20 Countries with the Highest Debt to GDP ratio. Belgium, another European country, makes the top 10 list of countries based on $36,044 in disposable income per capita. Luxembourg - $114,234 Luxembourg has the highest per capita GDP of all countries on the continent, which makes it the richest country in Europe as well as the richest country in the world. Moldova, a landlocked country in Eastern Europe, has the lowest nominal GDP per capita of the continent. Here, individuals earn an average of $1,712 yearly. This country has a population of nearly 3 million and a workforce of 1.272 million. Macao SAR and Singapore's exit left Luxembourg with gdp per capita of above 100k International dollar in 2020. Industrialized Countries receiving the most Asylum Seekers. The GDP of Switzerland is currently 83833 USD. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita PPP. When I made this map, I said myself "Cyprus and Portugal should swap locations." Developing Countries. With an average GDP per capita of 5,726 USD, this landlocked country is an industrialized country. San Marino: This is a small country situated on the Italian peninsula and is not a member of European Union. 7. By the 1970s, however, the Swedish income level was more than three times higher than the global average and among the highest in Europe. So its economy is not going to be nearly as large as much more highly populated countries like Germany, Italy and the UK. Figure 1 Swedish GDP per Capita in Relation to World GDP per Capita… Belgium had a population of 11.4 million and a GDP of $597 billion in 2018. This page provides values for GDP per capita reported in several countries part of Europe. - GDP per capita: $13,034 (1.3% 2009-2019 annual growth) - GDP: $763.3 billion (#32 among all countries) Unemployment, poverty, and inequality have been continual challenges for South Africa's economy, although the state does have abundant natural resources. GDP is a measure of a nationÃs economic health while GDP per capita takes into account the reflection of such economic health into an individual citizenÃs perspective. Serbia, one of the poorest countries in Europe. Real GDP: $2.07 trillion (USD) The … 8. GDP per capita to 1.1 for GDP per person employed), Slovakia (from 3.3 to 1.8), Italy (from 2.8 to 1.6), Belgium (from 2.8 to 1.7), and as well as Czechia (from 3.0 to 1.9). Portugal has a lot of Elderly people, and lots of portugese move around for jobs, brings the average down. The country topped the $100,000 mark in per capita GDP in 2014 and has never looked back ever since. In fact, the world's 20 most diverse countries are all African. Aggregates. Luxembourg has by far the highest GDP per capita among all the 37 countries included in this comparison, being more than two and a half times above the EU average. Uganda has by far the highest ethnic diversity rating, according to the data, followed by Liberia. In 2016, Germany’s trade surplus totaled $310 billion which was the largest trade surplus in the world. The value amounted to 9.7 thousand U.S. dollars, very close to the GDP per capita of Mauritius, in the Indian Ocean as well. Luxembourg is the richest country in the world in PPP terms with per capita income around of Int. Top 50 Richest Countries by GDP per Capita. 10 rows Ten of the wealthiest countries experienced increases in their GDP per capita at a more. Netherland sits at the sixth place in this list of richest European nations. Country GDP (PPP) per capita (2017) GDP (nominal) per capita (2017) vs. World PPP GDP per capita ($17,100) 1: Qatar: $128,647 : $61,264: 752% ; 2: Macao: $115,367 : $80,890: 675% ; 3: Luxembourg: $107,641 : $105,280: 629% ; 4: Singapore: $94,105 : $56,746: 550% ; 5: Brunei : $79,003 : $28,572: 462% ; 6: Ireland: $76,745 : $69,727: 449% ; 7: United Arab Emirates: $74,035 : $40,325: 433% ; 8: Kuwait: … Europe: GDP per capita. The countries with the highest GDP per Capita (PPP) are Qatar, Liechtenstein, Macao SAR, China, Monaco, Luxembourg with a(n) GDP per Capita (PPP) of (102,100), (89,400), (88,700), (85,500), (77,900) $ respectively. The richest in terms of GDP per capita is Monaco with its US$172,676 per capita (2009) and the poorest is Moldova with its GDP per capita of US$1,631 (2010). HSBC have made some very scientific predictions on which countries will be the richest in 2050, studying the economies of 100 nations. The table has current values for GDP per capita, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. It is the third largest country in the EU by area. The U.S. is a very rich country, but even so, it devotes far more of its economy — 17.6 percent of GDP in 2010 — to health than any other country. A Quick Glance. Countries with the Biggest TV Watchers. Interesting observations about Economy > GDP per capita Monaco has had the highest GDP per capita since 1982. GDP measures the nationÃs wealth while GDP per capita roughly determines the standard of living in a particular country. Europe has the highest GDP (income per person) Some of the richest countries in the world can be found in Europe, such as Luxembourg, Switzerland, Norway, Austria, and Iceland to name a few that has some of the highest GDP per capita in the world. First Countries to send a Man to Space. In World Bank data, Monaco and Liechtenstein have better per capita gdp than Luxembourg. The World Happiness Report is a landmark survey of the state of global happiness that ranks 156 countries by how happy their citizens perceive themselves to be.. Below you can see a table with all European countries included in the report. World Bank national accounts data, and OECD National Accounts data files. The tiny European nation of Luxembourg is mighty in at least one respect: It has … 1. Germany. Focus Economics says that this is in part thanks to foreign demand for petroleum products and also a … It has no VAT, nor any corporate, income, wealth or capital gains taxes. Similar values. In this year, Germany ranked 19th with an estimated GDP … Use the table below to search by country name, GDP per capita amount and percentage changes since 2010 when the Great Recession solidified or more recently since 2020. According to the same data the GDP volume per capita was highest in Luxembourg, 158% above the EU28 average, followed by Ireland where it was 83% above the EU28 … This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. As contained in human development index charts, Luxembourg remains Europe’s richest country with an average income of $113,196. EUR 73,000 or USD 81,000). Latvia is among the larger European countries in terms of landmass, but low population density has allowed more than half of the country’s geography to remain as natural ecosystems. In Europe only Ireland, Switzerland and Holland fared better. Which country has the highest GDP per capita income? The largest net contributor to the EU budget per capita is the Netherlands, followed by Sweden, Germany, Denmark and the United Kingdom in fifth place, with €112.85 in 2017 . The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. Same region. Summary: 1. GDP: $3.6 Trillion as of December 2017. Rankings are based on GDP per capita current prices US dollars per capita according to IMF data April 2021. While Germany had the largest economy overall, its large population meant that it does not have the highest GDP per capita. 1) Finland usually tops many of the world's best-of charts, such as the best country to live in, based on objective criteria: health, economic dynamism, education, political environment, quality of life, and so on. Richest countries per capita gdp. This page provides values for GDP per capita reported in several countries. (6/10) Which Country has the highest GDP per Capita? South Africa's GDP has been increasing year over year, slowed down in 2020, and is expected to see increases of 3.1% and 2.5% in … Ireland – $79,925 GDP per capita. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. The dispersion in GDP per capita across the EU Member States is quite remarkable. 2. GDP per capita: US$ 168,000 Currency: Euro 2. Canada ranked first for GDP per capita amongst Heavily indebted countries in 2012. 3. In yearly rankings of richest European countries by GDP per capita, Luxembourg has constantly appeared in the first position. Gross domestic product per capita is sometimes used to describe the standard of living of a population, with a higher GDP meaning a higher standard of living. Developed Countries. Get in touch with us now. Highest … Countries with a total electric car market share of less than 3% have an average GDP of below EUR17,000. It is calculated by dividing GDP over a country’s population. Gross Domestic Product, or GDP, measures the economic size of a country. The table above compares the GDP per capita of America’s 50 states in 2014 (BEA data here) to the GDP per capita of selected countries in Europe and Asia on … About 74% of Swiss GDP is generated by the service sector and 25% by industry. 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