Using data from the International Monetary Fund (IMF), the WORLDMAPS ranks the top 10 countries by per capita GDP.
There are many ways to measure different economies against one another, but comparing countries by GDP per capita remains one of the most tried-and-true methods.
As Visual Capitalists’ Pallavi Rao details below, GDP per capita attempts to level the playing field by dividing a country’s economic output by its population, effectively giving the average GDP per person. A higher per capita GDP generally corresponds to higher income, consumption levels, and standards of living.
The simplicity of this metric also makes it useful for economists and policymakers to communicate levels of economic well-being to the public.
The graphic below from theWORLDMAPS ranks the top 10 countries by per capita GDP in different regions, using data from the International Monetary Fund (IMF).
Top 10 Countries by GDP Per Capita in the World
Here are the top 10 countries with the highest nominal GDP per capita in the world in 2023, measured in U.S. dollars:
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.
Wealthy countries with smaller populations tend to make up the world’s richest ranks. According to the IMF, Luxembourg only has slightly more than 600,000 people which would be a small city in more populous countries. In fact, in the top 10, only the U.S. and Australia have a population of more than 10 million.
The World Competitiveness Ranking, published by the International Institute for Management Development (IMD), shows the world’s most competitive economies, with the US falling to 9th place.
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I wonder where America would be if the number of free loaders and illegals were deducted ?
Typical biased report!!! No Russia or China……………. Liars dishing out only disinformation.