20 highest lists of countries of the world sorted by their gross domestic product per capita at nominal values, the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average (or mid-year) population for the same year.
The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Therefore these figures should be used with caution. GDP per capita is often considered an indicator of a country's standard of living;[2][3] although this can be problematic because GDP per capita is not a measure of personal income. See Standard of living and GDP.
Standard of living and GDP
GDP per capita is not a measurement of the standard of living in an economy; however, it is often used as such an indicator, on the rationale that all citizens would benefit from their country's increased economic production. Similarly, GDP per capita is not a measure of personal income. GDP may increase while real incomes for the majority decline. The major advantage of GDP per capita as an indicator of standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP on a quarterly basis, allowing trends to be seen quickly. It is measured widely in that some measure of GDP is available for almost every country in the world, allowing inter-country comparisons. It is measured consistently in that the technical definition of GDP is relatively consistent among countries.The major disadvantage is that it is not a measure of standard of living. GDP is intended to be a measure of total national economic activity—a separate concept.
The argument for using GDP as a standard-of-living proxy is not that it is a good indicator of the absolute level of standard of living, but that living standards tend to move with per-capita GDP, so that changes in living standards are readily detected through changes in GDP.
International Monetary Fund ( in U.S. dollars )
1 | Luxembourg | 113,533 | 2011 | |||||||
2 | Qatar | 98,329 | 2011 | |||||||
3 | Norway | 97,255 | 2011 | |||||||
4 | Switzerland | 81,161 | 2011 | |||||||
5 | United Arab Emirates | 67,008 | 2011 | |||||||
6 | Australia | 65,477 | 2011 | |||||||
7 | Denmark | 59,928 | 2011 | |||||||
8 | Sweden | 56,956 | 2011 | |||||||
9 | Canada | 50,436 | 2011 | |||||||
10 | Netherlands | 50,355 | 2011 | |||||||
11 | Austria | 49,809 | 2011 | |||||||
12 | Finland | 49,350 | 2011 | |||||||
13 | Singapore | 49,271 | 2011 | |||||||
14 | United States | 48,387 | 2011 | |||||||
15 | Kuwait | 47,982 | 2011 | |||||||
16 | Ireland | 47,513 | 2011 | |||||||
17 | Belgium | 46,878 | 2011 | |||||||
18 | Japan | 45,920 | 2011 | |||||||
19 | France | 44,008 | 2011 | |||||||
20 | Germany | 43,742 | 2011 |
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