This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Gross domestic product (GDP) per capita is a measure of economic production, which takes the entire output of a national economy during a year and divides it by the population of that country. In the European Union, Luxembourg, Ireland, Denmark, the Netherlands, and Austria come out on top as the countries which produced the most per capita in 2024. Europe's richest countries benefit from multinational companies Many criticisms have been made of using GDP per capita as away to judge a country's economic wealth in recent years, as global capital flows have come to distort the statistics and to give a warped impression of different countries' wealth. This is most notably the case for Ireland and for Luxembourg, which while certainly high-income countries, have experienced dramatic booms in their GDP over the past two decades due to the accounting practices of the large multinational corporations which have their European headquarters in these member states, such as Facebook and Apple in Dublin, and Amazon in Luxembourg. Will the poorest countries converge towards the EU average? At the bottom of the list, two of the most recent member states of the EU, Romania and Bulgaria, come last in terms of GDP per capita. Whether these countries will be able to capitalize on their relatively low-wages to spur economic growth and experience the convergence towards the older member states of the union shown by countries such as Estonia, Czechia, and Lithuania, remains a pressing issue for these poorer member states.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The average for 2023 based on 44 countries was 44137.65 U.S. dollars. The highest value was in Monaco: 256580.52 U.S. dollars and the lowest value was in Ukraine: 5069.7 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

As of 2025, there are **** official candidate countries for membership in the European Union, as well as Kosovo identified by the European Commission as a potential future candidate. A key element of the Copenhagen Criteria - the conditions which must be fulfilled to join the EU - is the existence of a functioning market economy in the candidate country, with the ability of the country to handle the strong competition and economic pressures which come with joining the European Single Market. While the political and administrative/institutional criteria have been considered the key stumbling block which has prevented the current candidate countries from progressing towards full membership, the current state of the economies of candidate countries is also a cause for concern. According to the most recently available data, all candidate countries have lower GDP per capita than even the poorest EU member state, Bulgaria. Ukraine, the newest candidate country, which was granted candidate status by the EU in response to Russia's invasion of the country in 2022, is the poorest candidate country, as measured by GDP per capita. This represents a serious issue, as the EU has never incorporated a country which is so far from the average economic standards of the Union. On the other hand, the chance to join the EU could provide an economic boost to Ukraine, or any other candidate country, as can be seen with the fast rising GDP per capita of countries which have joined the EU since 2004, such as Czechia, Hungary, and Poland.

Key information about European Union GDP Per Capita

• European Union Gross Domestic Product (GDP) per Capita reached 38,454.191 USD in Dec 2021, compared with 34,402.825 USD in Dec 2020.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an average number of 33,135.176 USD.
• The data reached an all-time high of 38,454.191 USD in Dec 2021 and a record low of 16,892.743 in Dec 2000.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Eurostat provides Nominal GDP in EUR and Population. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

• In the latest reports, EU GDP expanded 1.264 % YoY in Mar 2023.
• EU Nominal GDP reached 4,140.452 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.144 % in Dec 2022.
• Gross Savings Rate of EU was measured at 25.835 % in Dec 2022.

The average for 2023 based on 43 countries was 50594 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Moldova: 15855 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

Between 1900 and 1950, Scandinavian countries saw the largest growth in GDP per capita in Europe, more than doubling between 1913 and 1950. In comparison, growth rates were much lower in Western Europe, and lower still in East-Central Europe. From 1913 (the year before the First World War) until the end of the Second World War's recovery period in 1950, Western Europe's GDP per capita grew by just 43 percent, while East-Central Europe's figure increased by just 26 percent.

Historical chart and dataset showing European Union GDP per capita by year from 1960 to 2023.

The average for 2023 based on 27 countries was 34902.56 U.S. dollars. The highest value was in Luxembourg: 105996.66 U.S. dollars and the lowest value was in Bulgaria: 9779.82 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Throughout the first half of the twentieth century, GDP per capita rose significantly across Europe, however, at varying rates across different regions. Scandinavia, which did not experience the same level of structural devastation during the World Wars as the other regions, saw the largest GDP per capita growth during this period. Over these five decades, Scandinavian countries transformed from traditional agricultural societies to some of the world's wealthiest and industrially advanced economies. Between 1913 and 1950, Scandinavian GDP per capita doubled, eventually overtaking Western Europe as the highest in Europe. In comparison, East-Central Europe's growth was much slower, rising by just 26 percent between 1913 and 1915.

The average for 2023 based on 42 countries was 31631.29 U.S. dollars. The highest value was in Luxembourg: 105996.66 U.S. dollars and the lowest value was in Ukraine: 2207.01 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

This dataset provides information on the Real GDP per capita for 30 countries and regions across Europe, from 1995 to 2023. The dataset includes real GDP per capita data, which is adjusted for inflation (constant prices), allowing comparisons over time across different countries. This data is critical for economic analysis, providing insights into the economic performance and living standards in these countries and regions.

Countries included are:

• Austria (AT)
• Belgium (BE)
• Bulgaria (BG)
• Cyprus (CY)
• Czech Republic (CZ)
• Germany (DE)
• Denmark (DK)
• Euro Area (EA20) – The 20 countries using the euro
• Estonia (EE)
• Greece (EL)
• Spain (ES)
• European Union 27 (EU27_2020) – EU countries excluding the UK (post-Brexit)
• Finland (FI)
• France (FR)
• Croatia (HR)
• Hungary (HU)
• Ireland (IE)
• Italy (IT)
• Lithuania (LT)
• Luxembourg (LU)
• Latvia (LV)
• Malta (MT)
• Netherlands (NL)
• Poland (PL)
• Portugal (PT)
• Romania (RO)
• Sweden (SE)
• Slovenia (SI)
• Slovakia (SK)

Source:

• Eurostat API (via Python Eurostat library)

Time Period:

• 1995 - 2023

Year:

• The year of the data (1995 to 2023)

Usage:

• This dataset is suitable for economic research, data analysis, and forecasting. It can be used to study trends in economic growth, compare the performance of different European economies, and examine the effects of historical events on national GDP.

In the 16 years leading up to the First World War, the growth of GDP per capita varied across Europe, from growth rates of just six percent in the Netherlands, to 37 percent in Denmark. Of the major powers, France and Germany experienced the largest growth in this period, at 32 percent growth each, while Britain's growth was roughly half of this. It is important to remember, that the GDP per capita, along with economic development and industrialization, varied across Europe in this time period. For these reasons, Central and Eastern Europe had a higher overall GDP per capita growth rate than Western Europe, although Western Europe was much more advanced due to where its economy was in 1897.

EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Constant Prices data was reported at 37,574.780 PPP 2011 Intl $ in 2017. This records an increase from the previous number of 36,676.830 PPP 2011 Intl $ for 2016. EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Constant Prices data is updated yearly, averaging 29,083.946 PPP 2011 Intl $ from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 37,574.780 PPP 2011 Intl $ in 2017 and a record low of 21,181.800 PPP 2011 Intl $ in 1981. EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Constant Prices data remains active status in CEIC and is reported by International Monetary Fund - World Economic Outlook. The data is categorized under World Trend Plus’s Aggregate: Euro Area and European Union – Table EU.IMF.WEO: Gross Domestic Product: European Union (EU28).

Throughout the early 20th century, Italy consistently had the highest GDP per capita in Southern Europe, which grew consistently at each given interval. Portugal was the only other country to see consistent growth between the four given years, whereas the civil wars in Spain (1936-1939) and Greece (1946-1949) saw their respective GDP per capita fall in the corresponding years. Overall, GDP per capita across these four countries grew by just 28 percent between 1913 and 1950, although it did drop in 1938 due to the Spanish Civil War. Southern Europe's GDP per capita in 1950 was just 51 percent of the rate in Western Europe.

Graph and download economic data for Constant GDP per capita for Developing Countries in Europe and Central Asia (NYGDPPCAPKDECA) from 1987 to 2024 about Central Asia, Europe, per capita, and GDP.

Data from 1st of June 2022. For most recent GDP data, consult dataset nama_10_gdp. Gross domestic product (GDP) is a measure for the economic activity. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in relation to the European Union average set to equal 100. If the index of a country is higher than 100, this country's level of GDP per head is higher than the EU average and vice versa. Basic figures are expressed in PPS, i.e. a common currency that eliminates the differences in price levels between countries allowing meaningful volume comparisons of GDP between countries. Please note that the index, calculated from PPS figures and expressed with respect to EU27_2020 = 100, is intended for cross-country comparisons rather than for temporal comparisons."

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Key information about European Union Nominal GDP

• European Union Nominal GDP reached 4,141.8 USD bn in Dec 2022, compared with 4,002.8 USD bn in the previous quarter.
• Nominal GDP in EU is updated quarterly, available from Mar 1999 to Dec 2022, with an average number of 3,579.7 USD bn.
• The data reached an all-time high of 4,357.5 USD bn in Jun 2008 and a record low of 1,739.3 USD bn in Dec 2000.

• In the latest reports, EU GDP expanded 1.7 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2022.
• EU GDP Per Capita reached 38,451.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 26.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 24.3 % in Dec 2022.
• Public Consumption accounted for 22.2 % in Dec 2022.
• Private Consumption accounted for 51.8 % in Dec 2022.