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.

This statistic displays the gross domestic product (GDP) per capita in purchasing power standards (PPS) in the European Union (EU-28) in 2017, by country. In relation to the EU28 average set at 100 PPS, the gross domestic product of Luxembourg in the year 2017 was *** PPS.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Luxembourg. Indicator Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.The indicator "GDP per person employed (constant 2017 PPP $)" stands at 263.89 Thousand usd as of 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.4384 percent compared to the value the year prior.The 1 year change in percent is 0.4384.The 3 year change in percent is -5.83.The 5 year change in percent is -5.26.The 10 year change in percent is -6.53.The Serie's long term average value is 269.63 Thousand usd. It's latest available value, on 12/31/2024, is 2.13 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1992, to it's latest available value, on 12/31/2024, is +28.29%.The Serie's change in percent from it's maximum value, on 12/31/2007, to it's latest available value, on 12/31/2024, is -17.13%.

The Gross Domestic Product per capita in Japan was last recorded at 37144.91 US dollars in 2024. The GDP per Capita in Japan is equivalent to 294 percent of the world's average. This dataset provides - Japan GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Czechia had the highest gross domestic product (GDP) per capita based on purchasing-power-parity (PPP) among Central and Eastern European (CEE) countries in 2024, at an estimated ** thousand 2017 international U.S. dollars. It was followed by Slovenia and Lithuania. The lowest figure among the presented CEE countries was recorded in Ukraine. In 2029, Poland's GDP per capita in PPP terms was forecast to reach approximately **** thousand 2017 international U.S. dollars.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Puerto Rico.

Germany’s GDP per capita stood at almost 54,989.76 U.S. dollars in 2024. Germany ranked among the top 20 countries worldwide with the highest GDP per capita in 2021 – Luxembourg, Ireland and Switzerland were ranked the top three nations. Rising annual income in Germany The average annual wage in Germany has increased by around 5,000 euros since 2000, reaching in excess of 39,000 euros in 2016. Germany had the tenth-highest average annual wage among selected European Union countries in 2017, ranking between France and the United Kingdom. Growing employment More than two thirds of the working population in Germany are employed in the service sector, which generated the greatest share of the country’s GDP in 2018. Unemployment in Germany soared to its highest level in decades in 2005, but the rate has since dropped to below 3.5 percent. The youth unemployment rate in Germany has more than halved since 2005 and currently stands around 6.5 percent.

Time series data for the statistic Real_GDP_Per_Capita_PPP_Constant_2017_USD and country Switzerland. Indicator Definition:GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.The statistic "Real GDP Per Capita PPP Constant 2017 USD" stands at 82,026.41 United States Dollars as of 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.3349 percent compared to the value the year prior.The 1 year change in percent is -0.3349.The 3 year change in percent is 1.27.The 5 year change in percent is 3.05.The 10 year change in percent is 7.66.The Serie's long term average value is 71,430.02 United States Dollars. It's latest available value, on 12/31/2024, is 14.83 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1993, to it's latest available value, on 12/31/2024, is +33.85%.The Serie's change in percent from it's maximum value, on 12/31/2022, to it's latest available value, on 12/31/2024, is -0.907%.

The Gross Domestic Product per capita in Bangladesh was last recorded at 1941.28 US dollars in 2024. The GDP per Capita in Bangladesh is equivalent to 15 percent of the world's average. This dataset provides - Bangladesh GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Costa Rica. Indicator Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.The indicator "GDP per person employed (constant 2017 PPP $)" stands at 63.70 Thousand usd as of 12/31/2024, the highest value at least since 12/31/1992, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 3.05 percent compared to the value the year prior.The 1 year change in percent is 3.05.The 3 year change in percent is 11.56.The 5 year change in percent is 23.25.The 10 year change in percent is 39.07.The Serie's long term average value is 43.50 Thousand usd. It's latest available value, on 12/31/2024, is 46.45 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1991, to it's latest available value, on 12/31/2024, is +100.44%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

The Gross Domestic Product per capita in Mozambique was last recorded at 603.59 US dollars in 2024. The GDP per Capita in Mozambique is equivalent to 5 percent of the world's average. This dataset provides the latest reported value for - Mozambique GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Malta. Indicator Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.The indicator "GDP per person employed (constant 2017 PPP $)" stands at 112.20 Thousand usd as of 12/31/2024, the highest value at least since 12/31/1992, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.30 percent compared to the value the year prior.The 1 year change in percent is 1.30.The 3 year change in percent is 3.93.The 5 year change in percent is 6.62.The 10 year change in percent is 15.02.The Serie's long term average value is 86.77 Thousand usd. It's latest available value, on 12/31/2024, is 29.31 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1991, to it's latest available value, on 12/31/2024, is +113.65%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

Time series data for the statistic Real_GDP_Per_Capita_PPP_Constant_2017_USD and country Malawi. Indicator Definition:GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.The statistic "Real GDP Per Capita PPP Constant 2017 USD" stands at 1,635.86 United States Dollars as of 12/31/2024, the lowest value since 12/31/2018. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.7631 percent compared to the value the year prior.The 1 year change in percent is -0.7631.The 3 year change in percent is -3.07.The 5 year change in percent is -3.05.The 10 year change in percent is 2.40.The Serie's long term average value is 1,368.29 United States Dollars. It's latest available value, on 12/31/2024, is 19.55 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1994, to it's latest available value, on 12/31/2024, is +67.63%.The Serie's change in percent from it's maximum value, on 12/31/2021, to it's latest available value, on 12/31/2024, is -3.07%.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over *** trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Somalia.

Detailed information about each of the Predictors

1. Log GDP per capita is in terms of Purchasing Power Parity (PPP) adjusted to a constant 2017 international dollars, taken from the World Development Indicators (WDI) by the World Bank (version 17, metadata last updated on January 22, 2023). See Statistical Appendix 1 for more details. GDP data for 2022 are not yet available, so we extend the GDP time series from 2021 to 2022 using country-specific forecasts of real GDP growth from the OECD Economic Outlook No. 112 (November 2022) or, if missing, from the World Bank’s Global Economic Prospects (last updated: January 10, 2023), after adjustment for population growth. The equation uses the natural log of GDP per capita, as this form fits the data significantly better than GDP per capita. 2. The time series for Healthy life expectancy at birth is constructed based on data from the World Health Organization (WHO) Global Health Observatory data repository, with data available for 2005, 2010, 2015, 2016, and 2019. To match this report’s sample period (2005-2022), interpolation and extrapolation are used. See Statistical Appendix 1 for more details. 3. Social support (0-1) is the national average of the binary responses (0=no, 1=yes) to the Gallup World Poll (GWP) question “If you were in trouble, do you have relatives or friends you can count on to help you whenever you need them, or not?” 4. Freedom to make life choices (0-1) is the national average of binary responses to the GWP question “Are you satisfied or dissatisfied with your freedom to choose what you do with your life?” 5. Generosity is the residual of regressing the national average of GWP responses to the donation question “Have you donated money to a charity in the past month?” on log GDP per capita. 6. Perceptions of corruption (0-1) are the average of binary answers to two GWP questions: “Is corruption widespread throughout the government or not?” and “Is corruption widespread within businesses or not?” Where data for government corruption are missing, the perception of business corruption is used as the overall corruption perception measure. 7. Positive affect is defined as the average of previous-day effects measures for laughter, enjoyment, and interest. The inclusion of interest (first added for World Happiness Report 2022), gives us three components in each of positive and negative affect, and slightly improves the equation fit in column 4. The general form for the affect questions is: Did you experience the following feelings during a lot of the day yesterday? 8. Negative affect is defined as the average of previous-day effects measures for worry, sadness, and anger.

The World Happiness Report is a publication of the Sustainable Development Solutions Network, powered by the Gallup World Poll data. The World Happiness Report reflects a worldwide demand for more attention to happiness and well-being as criteria for government policy. It reviews the state of happiness in the world today and shows how the science of happiness explains personal and national variations in happiness.

Life evaluations from the Gallup World Poll provide the basis for the annual happiness rankings. They are based on answers to the main life evaluation question. The Cantril ladder asks respondents to think of a ladder, with the best possible life for them being a 10 and the worst possible life being a 0. They are then asked to rate their own current lives on a 0 to 10 scale. The rankings are from nationally representative samples over three years.

We use observed data on the six variables and estimates of their associations with life evaluations to explain the variation across countries. They include GDP per capita, social support, healthy life expectancy, freedom, generosity, and corruption. Our happiness rankings are not based on any index of these six factors – the scores are instead based on individuals’ own assessments of their lives, in particular, their answers to the single-item Cantril ladder life-evaluation question, much as epidemiologists estimate the extent to which life expectancy is affected by factors such as smoking, exercise, and diet.

The World Happiness Report and much of the growing international interest in happiness exist thanks to Bhutan. They sponsored Resolution 65/309, “Happiness: Towards a holistic approach to development,” adopted by the General Assembly of the United Nations on 19 July 2011, inviting national governments to “give more importance to happiness and well-being in determining how to achieve and measure social and economic development.”

On 2 April 2012, chaired by Prime Minister Jigmi Y. Thinley and Jeffrey D. Sachs, the first World Happiness Report was presented to review evidence from the emerging science of happiness for the ‘Defining a New Economic Paradigm: The Report of the High-L...

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Japan. Indicator Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.The indicator "GDP per person employed (constant 2017 PPP $)" stands at 84.54 Thousand usd as of 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.2213 percent compared to the value the year prior.The 1 year change in percent is -0.2213.The 3 year change in percent is 1.19.The 5 year change in percent is 0.2797.The 10 year change in percent is -1.20.The Serie's long term average value is 80.21 Thousand usd. It's latest available value, on 12/31/2024, is 5.39 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1993, to it's latest available value, on 12/31/2024, is +21.15%.The Serie's change in percent from it's maximum value, on 12/31/2017, to it's latest available value, on 12/31/2024, is -2.50%.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.