As we can notice, it is a significantly smaller amount than in the case of Monaco, Liechtenstein, or even Bermuda. The same phenomenon was only seen globally in 2009 during the US financial crisis. and over 1Mio. Statista. For data from 1960 to 2020 on GDP per capita I used the world bank database. facts. These are just some of the bands that have made music and rock history. Therefore, these figures should be used with caution. The ideal entry-level account for individual users. The eight major pass-through economiesthe Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singaporehost more than 85 percent of the worlds investment in special purpose entities, which are often set up for tax reasons. Numbers on the legend are US$. You can change your cookie settings at any time. a Excluding social and private benefits . GDP per capita is a country's gross domestic product divided by the country's total population. Chart. (Nations with less than 500,000 inhabitants are excluded from the video). In addition to the countries already mentioned in 2020, such as Norway and Luxembourg, Saudi Arabia, which in 1980 had a figure of $36,703, was also at the top of the list. Europes largest national economies with GDP (nominal) of more than $1 trillion are:Germany (about $3.9 trillion),United Kingdom (about $2.7 trillion),France (about $2.6 trillion),Italy (about $2.0 trillion),Russia (about $1.6 trillion),Spain (about $1.4 trillion), The small but mighty sovereign state of Slovenia creeps onto our list at 20th position. GDP per capita (Nominal) Country/Economy GDP per capita ($) % of Rank; 2018 2019 Change Europe World Europe World; Albania: 133.5: 20.4: 46.9: 40: 102: Armenia: 340.0: 17.2: 39.5: 42: Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information If you are an admin, please authenticate by logging in again. European Union 32755: 31046: Dec/21: USD: Finland 46471: 45010: Dec/21: USD: France 38210: 35786: Dec/21: USD: Germany 42527: 41315: Dec/21: USD: Greece 18831: 17324: Dec/21: USD But how has the worlds GDP evolved since 1960? This is why it is important to see how the GDP presents when we take under consideration people. Learn more about how Statista can support your business. View original page. Directly accessible data for 170 industries from 50 countries List of European countries by GDP (nominal) Gross domestic product is the Market value of all final We have a plan for your needs. In todays article we will try to answer this question by first showing the data for the 15 nations in the world, with at least 1 million inhabitants, with the highest GDP per capita and then the absolute data per nation. For the articles and videos I use different databases, such as Eurostat, OECD World Bank Open Data, Data Gov and others. These investments in empty corporate shells almost always pass through well-known tax havens. For the correct comparison, values Download historical data for 20 million indicators using your browser. a Excluding social and private benefits . It has a GDP of only $7.2 million, which is comparable to GDP of Mauritania, Bermuda, or Montenegro. ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". "Leading European Cities by Gross Domestic Product in 2017/18 (in Billion Euros). Get full access to all features within our Corporate Solutions. According to data collected in 2018 by World Bank Data, the GDP per capita was almost 186,000. For data on GDP in England: https://www.bankofengland.co.uk/statistics/research-datasets. Use Ask Statista Research Service, Inflation rate of the EU-27 in September 2022, by country, Unemployment rate in the EU 2022, by country. A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. The UAE had a value of USD 116.223 per capita. I used several sources to make this article and video. Out of these three, the best GDP per capita belongs to Americans. This is a list and map of European states by GDP per capita. The median wage is the amount that divides the population into two equal groups: half the employees in a Direct access to our data from your apps using any programing language. In, Eurostat. In the majority of German cities, the GDP and per capita income are high. Call us : (608) 921-2986 . According to the study, this mainly applied to countries that were governed semi-authoritarian/authoritarian or did not have a functioning separation of powers. Please create an employee account to be able to mark statistics as favorites. Lets start by answering a first question. This is more than twice as much as Switzerland, which in 1980 had a figure of 56.302 dollars. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. If you have any questions, dont hesitate to write to me! Slovenia $36,566 GDP per capita. It will certainly be interesting to know in the coming years what will be the impact of the fourth industrial revolution, linked to digital. In second place we find Norway with a value of 90.884 dollars per capita and in third place Ireland with 81.297 dollars. The drop from 2019 to 2020 was over $2,000. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP. To conclude the analysis on GDP, I looked at GDP per capita data for England. This is more than twice as much as Switzerland, which in 1980 had a figure of 56.302 dollars. All rights reserved. Direct access to our data from your apps using any programing language. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. This page provides values for GDP reported in several countries part of Europe. Although there is still a big difference between the US and China, it is striking how strongly Chinas figure has increased since the 1990s. A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. This page was last updated at 2022-11-08 01:13 UTC. This is a list and map of European states by GDP per capita. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. Luxembourg Switzerland Ireland Norway United States of America (USA) Denmark Singapore Iceland Netherlands Sweden 0 20,000 40,000 60,000 80,000 100,000 120,000. White label accounts can distribute our data. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Top 10 countries by GDP per capita. If we turn the clock back 40 years, to 1980 to be precise, we no longer find Luxembourg at the top of the list, but United Arab Emirates. The table has current values for GDP, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. (July 23, 2020). PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. If we were to determine which country is best to live in, we would definitely take into account those with the highest GDP per every person in the country. Despite the efforts of the greatest correspondence with the reality, there is no guarantee, that all the data is true. A growth that has seen only a few years of difficulty, such as the aforementioned 2009, due to the financial crisis. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. By the early 1970s global GDP had doubled to 22.435 trillion by 1973. In addition, non-sovereign entities are marked in italics. Note: Data unavailable for the Falkland Islands, Gibraltar, Guernsey, the Holy See (Vatican City), Jersey, Niue, the Pitcairn Islands, Saint Helena, Ascension and Tristan da Cunha, Tokelau and Western Sahara. Owner of this site is not responsible for potential mistakes or lacks of data. Chinas GDP per capita in 2020 is $8405. 2015 Irish GDP is 143% of 2015 Irish GNI*. The GDP figures for 2020 have just been published in the World Bank. This is one of the classic questions related to economics. Manipulation of data. The United Nations has calculated that on this very day the number of people on the, 8 billion people on November 15, 2022. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. This is similar to nominal GDP per capita, but adjusted for the cost of living in European countries by monthly median wage. The 2020 GDP (constant 2010 US$) is estimated by the world bank to be 81.913 trillion. It is incredibly high, especially if we take into account the fact that Monaco itself is not the richest country around. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Its GDP per capita is $181,000. Most of us are interested to see the GDP per capita for the richest countries in the world, namely China, the United States, and India. The number one in the GDP rankings has GDP per capita of only $10,000. The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.Such fluctuations change a country's ranking from one year to the next, even though they often make Similarly to what we have in Monaco, this is a great nation for keeping your business due to its taxation rates. But in general, the US still has a growing trend. Advanced users can use our Python/R/Matlab packages. But how many, The first commercial flight in history has a precise date. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. (PPP) per capita. The first nation in the world by GDP per capita is Luxembourg. In this way, we can loosely see where people have a potential to earn the most and have the biggest wealth. Countries by GDP per Capita | 1980/2020. Which country has highest GDP in 2020?United States. GDP Nominal: $20.81 trillion. China. GDP Nominal: $14.86 trillion. Japan. GDP Nominal: $4.91 trillion. Germany. GDP Nominal: $3.78 trillion. United Kingdom. GDP Nominal: $2.64 trillion. India. France. Italy. The large impact on PIl per person, and on GDP in general, is due in large part to the industrial revolutions. It is estimated that over 15% of global jurisdictions are tax havens. Since the start, California dominates as the #1 state in America most interested in Bitcoin and Ethereum, based on a new study by CoinGecko, the worlds largest independent. Countries listed by Gross Domestic Product, Countries or territories by GDP (nominal), List of countries by GDP (PPP) per capita, Saint Helena, Ascension and Tristan da Cunha, Corporate haven GDP-per-capita tax haven proxy, Number of broadband Internet subscriptions, Creative Commons Attribution-ShareAlike License. Copyright 2021 CompareEconomy.com . According to the same data collected in 2019, India has only $2,000, which is one of the lowest values around the globe. The GDP figures for 2020 have just been published in the World Bank. The page provides access to the GDP per capita forecast for different countries for the 2020-2024 time period from the latest IMF's World Economic Outlook (WEO). This is a list of Europe sorted by their According to the World Banks latest estimates, published between May and June, global growth in 2021 is expected to be +5.6% with a strong rebound from 2020. Home datas Countries by GDP per Capita | 1980/2020. Profit from the additional features of your individual account. Countries in green have more than $32,000, yellow $18,000-$32,000 and red Continue with Recommended Cookies. In comparison to other continents, Europe has the most developed cities. The consent submitted will only be used for data processing originating from this website. United Kingdom or France have been Europe's second largest economy since the 1980s, populations of 15.2 million and 12.5 million. All data are in current United States dollars. Mail us : celulasenalianza@gmail.com . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. To be clear, the GDP per capita for a Chinese inhabitant in 1990 was $729. Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article. To use individual functions (e.g., mark statistics as favourites, set All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. Australia 5 Year Note Yield at 3.52 percent, Australia 2 Year Note Yield at 3.26 percent, United States 7 Year Note Yield at 4.17 percent, United States 52 Week Bill Yield at 4.71 percent, United States 5 Year Note Yield at 4.24 percent, Bovespa Sinks Following Bad Earnings from Bradesco, Mexbol Turns Downward After Inflation Report, Canada TSX Declines with Commodities, CPI Uncertainty, Poland Holds Interest Rate Steady for 2nd Meeting. The median is more representative of what a random chosen employee might earn than the mean value, which may be skewed Overall, 2020 was one of the very few years in which GDP fell compared to the previous year. statistic alerts) please log in with your personal account. 2011 - 2022 Worldlistmania, All rights reserved. The median wage is the amount that divides the population into two equal groups: half the employees in a country earn above the median, and the other half below. We have a plan for your needs. But what is certainly striking is the figure for China and India. GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income. Such fluctuations 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. This is a list of estimates of the Real gross domestic product Economic growth in Europe countries for the latest years recorded in the CIA World Factbook. It is therefore possible not only to make a historical comparison, from the 1980s onwards, but also to analyse the latest data. (See List of countries by GDP (PPP) per capita.) https://www.bankofengland.co.uk/statistics/research-datasets, Top 10 States in America Most Interested in Bitcoin and Ethereum. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also Advanced users can use our Python/R/Matlab packages. IMF updates its economic forecast twice a year: in April and October. You only have access to basic statistics. To see the video: Top 15 Countries by GDP per Capita 1970/2020: https://youtu.be/w6ZQwDUnedw, If you like it and want to support the channel donate a coffee to the Statistics and Data project:https://ko-fi.com/statisticsanddata, Read more articles:https://statisticsanddata.org/To follow the channel subscribe:https://youtube.com/c/statisticsanddata, 8 billion people on November 15 (world population 2022). "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. The study took the annual growth in brightness of lights at night, as measured by satellites, and compared it to officially reported economic growth. Some information is indicative and estimated because of lack of official or up-to-date data. Another position is quite similar to Monaco in terms of their characteristics and the population, and it is Liechtenstein. This figure is sharply down from 2019 where the figure was 84.966 Trillion. List of European countries by GDP (nominal) per capita. In that case, the 2008 GDP of 64.504 trillion had fallen to 63.429 before rising again in 2010 to 66.163. Europe is a continent with various economically and technologically developed cities. There is one theme, however. "Leading European cities by gross domestic product in 2017/18 (in billion euros)." Then you can access your favorite statistics via the star in the header. A stunning $12 trillionalmost 40 percent of all foreign direct investment positions globallyis completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. This is a list and map of Europe states by GDP per capita. According to the study, this mainly applied to countries that were governed semi To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. Standard users can export data in a easy to use web interface or using an excel add-in. 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. Germany ($4.25 trillion), 2. It is: however, very difficult to assess the quality of life in a given country based on that particular value, because it simply represents the wealth of the nation without taking into account the number of citizens. Which are the first nations in the world by GDP per capita, constant 2010 US in 2020. The list includes all members Update now. In addition to the countries already mentioned in 2020, such as Norway and Luxembourg, Saudi Arabia, which in 1980 had a figure of $36,703, was also at the top of the list. 20. July 23, 2020. Today, 30 years later, the average GDP has grown 10 times. Corporate solution including all features. The first place goes to, surprisingly, Monaco! Currently, you are using a shared account. All information comes from data.worldbank.org, wikipedia.org, cia.gov, imf.org and government websites. Show publisher information According to World Bank estimates, GDP in 1960 was 11.32 trillion. That is the figure projected by the UN to be reached in the coming weeks. Growth from year to year has been steady and, except for a few periods where growth has been mild, GDP has always increased. List of European countries by GDP per capita. European countries by monthly median wage. This is map and list of European countries by Gross national income per capita for year 2020 from World Bank. Gross domestic product is the Market value of all final goods and services from a nation in a given year. The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. However, because of the fact that there are only 38,000 people and most of them are rich tax evaders (due to great tax rules), Monaco takes first place. Eurostat. It was in 1908 when engineer Wilbur Wright transported Charlsen Furnas to North Carolina. While in 1984 the GDP per capita between the two countries was similar, at around $475, the gap has widened markedly since the 1990s. List of European countries by GDP. However, the US is still far ahead in terms of GDP per capita than its two competitors, namely India and China. Bermuda closes the podium with the value of $117,000, which is still incredibly high. All the countries in the top five are in Europe (not all in the European Union). its beautiful lanscapes and mountain ranges drive tourists to the cities and is a significant source of revenue for cities. If on a global level we have seen that there has been a generalised growth, what have been the changes in GDP in the top 3 nations with the most inhabitants today? Which are the countries in the world with the highest GDP? The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly Download historical data for 20 million indicators using your browser. Germany had by far the largest economy, with a gross domestic product of over 3.33 trillion Euros.