100+ datasets found
  1. Countries with the largest gross domestic product (GDP) per capita 2025

    • statista.com
    Updated Oct 23, 2024
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    Statista (2024). Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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    Dataset updated
    Oct 23, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Worldwide
    Description

    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 four are in Asia, alongside the U.S., Canada, 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.

  2. WWII: pre-war GDP per capita of selected countries and regions 1938

    • statista.com
    Updated Jan 1, 1998
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    Statista (1998). WWII: pre-war GDP per capita of selected countries and regions 1938 [Dataset]. https://www.statista.com/statistics/1334256/wwii-pre-war-gdp-per-capita-country/
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    Dataset updated
    Jan 1, 1998
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1938
    Area covered
    World
    Description

    In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.

  3. M

    World GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
    + more versions
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    MACROTRENDS (2025). World GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-per-capita
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    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Mar 12, 2025
    Area covered
    World
    Description

    GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy 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 current U.S. dollars.

  4. G

    GDP per capita, current dollars in Asia | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 8, 2019
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    Globalen LLC (2019). GDP per capita, current dollars in Asia | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_current_dollars/Asia/
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    xml, excel, csvAvailable download formats
    Dataset updated
    Apr 8, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World, Asia
    Description

    The average for 2023 based on 43 countries was 17447.7 U.S. dollars. The highest value was in Singapore: 84734.26 U.S. dollars and the lowest value was in Afghanistan: 415.71 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  5. Global gross domestic product (GDP) per capita 2023

    • statista.com
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    Statista, Global gross domestic product (GDP) per capita 2023 [Dataset]. https://www.statista.com/statistics/268751/global-gross-domestic-product-gdp-per-capita/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The statistic displays the global gross domestic product (GDP) per capita from 2013 to 2023. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, global GDP per capita amounted to about 13,169.6 U.S. dollars. Gross domestic product and global economy The global economy suffered a major impact with the global financial crisis of 2008 but after a drop in global gross domestic product (GDP) per capita in 2009, the global economy recovered and reached record-high GDP per capita prices in 2013. Global GDP per capita has doubled over the past decade. Gross domestic product of industrial countries and emerging and developing countries combined is greater than GDP of all the other selected global regions combined, indicating economic prosperity and recovery despite some financial backsets. In the main industrialized and emerging countries, gross domestic product per capita is highest for the United States, followed by Germany and France. In the European Union, despite the financial crisis of 2008, GDP per capita has improved significantly. Another member of the European Union, Luxembourg, even reports the largest GDP per capita worldwide, followed by non-EU members Norway and Qatar.

  6. T

    GDP PER CAPITA by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 26, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita?continent=asia
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 26, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Asia
    Description

    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.

  7. G

    GDP per capita, current dollars in Europe | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 8, 2019
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    Globalen LLC (2019). GDP per capita, current dollars in Europe | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_current_dollars/Europe/
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    excel, xml, csvAvailable download formats
    Dataset updated
    Apr 8, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World
    Description

    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.

  8. U.S. real per capita GDP 2023, by state

    • statista.com
    Updated Jul 5, 2024
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    Statista (2024). U.S. real per capita GDP 2023, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
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    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

  9. G

    GDP per capita, constant dollars in South America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Sep 20, 2019
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    Globalen LLC (2019). GDP per capita, constant dollars in South America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/GDP_per_capita_constant_dollars/South-America/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Sep 20, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World, South America, Americas
    Description

    The average for 2023 based on 11 countries was 10329.52 U.S. dollars. The highest value was in Guyana: 23325.12 U.S. dollars and the lowest value was in Bolivia: 3168.73 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  10. T

    GDP PER CAPITA PPP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 26, 2025
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    TRADING ECONOMICS (2025). GDP PER CAPITA PPP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=africa
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    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Mar 26, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    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.

  11. T

    GDP PER CAPITA PPP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP PER CAPITA PPP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=europe
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    excel, json, csv, xmlAvailable download formats
    Dataset updated
    May 28, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Europe
    Description

    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.

  12. Countries with the largest GDP per capita at purchasing power parity 2022

    • statista.com
    Updated Jul 4, 2024
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    Statista (2024). Countries with the largest GDP per capita at purchasing power parity 2022 [Dataset]. https://www.statista.com/statistics/725742/countries-with-the-largest-gross-domestic-product-gdp-at-purchasing-power-parity-per-capita/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2023
    Area covered
    Worldwide
    Description

    In 2022, Luxembourg had the largest gross domestic product (GDP) per capita at purchasing power parity. The country ranked first with a PPP-adjusted GDP per capita of about 141,000 international dollars. Ireland and Singapore followed in the places behind.

  13. B

    Bermuda BM: GDP: USD: Gross National Income per Capita: Atlas Method

    • ceicdata.com
    Updated Feb 20, 2018
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    CEICdata.com (2018). Bermuda BM: GDP: USD: Gross National Income per Capita: Atlas Method [Dataset]. https://www.ceicdata.com/en/bermuda/gross-domestic-product-nominal/bm-gdp-usd-gross-national-income-per-capita-atlas-method
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    Dataset updated
    Feb 20, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Bermuda
    Variables measured
    Gross Domestic Product
    Description

    Bermuda BM: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 130,290.000 USD in 2023. This records a decrease from the previous number of 132,240.000 USD for 2022. Bermuda BM: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 108,350.000 USD from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 132,240.000 USD in 2022 and a record low of 101,910.000 USD in 2012. Bermuda BM: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

  14. Gross domestic product (GDP) per capita in selected global regions 2023

    • statista.com
    Updated Feb 20, 2025
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    Statista (2025). Gross domestic product (GDP) per capita in selected global regions 2023 [Dataset]. https://www.statista.com/statistics/256413/gross-domestic-product-per-capita-in-selected-global-regions/
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    Dataset updated
    Feb 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Worldwide
    Description

    This statistic shows the gross domestic product (GDP) per capita in selected world regions in 2023. In North America, the gross domestic product per capita in 2023 amounted to approximately 79,640.43 U.S. dollars.

  15. G

    GDP per capita, PPP in NATO | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 31, 2021
    + more versions
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    Globalen LLC (2021). GDP per capita, PPP in NATO | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/NATO/
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    excel, xml, csvAvailable download formats
    Dataset updated
    Jan 31, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2023
    Area covered
    World
    Description

    The average for 2023 based on 30 countries was 51644 U.S. dollars. The highest value was in Luxembourg: 132847 U.S. dollars and the lowest value was in Albania: 18244 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  16. Countries with the lowest estimated GDP per capita 2023

    • statista.com
    Updated Jan 14, 2025
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    Statista (2025). Countries with the lowest estimated GDP per capita 2023 [Dataset]. https://www.statista.com/statistics/256547/the-20-countries-with-the-lowest-gdp-per-capita/
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    Dataset updated
    Jan 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Worldwide
    Description

    19 of the 20 countries with the lowest estimated GDP per capita in the world in 2023 are located in Sub-Saharan Africa. Burundi is believed to have a GDP per capita of just 326.84 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

  17. T

    Tonga TO: GDP: per Capita

    • ceicdata.com
    + more versions
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    CEICdata.com, Tonga TO: GDP: per Capita [Dataset]. https://www.ceicdata.com/en/tonga/gross-domestic-product-nominal/to-gdp-per-capita
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2006 - Jun 1, 2017
    Area covered
    Tonga
    Description

    Tonga TO: GDP: per Capita data was reported at 8,718.756 TOP in 2017. This records an increase from the previous number of 8,303.616 TOP for 2016. Tonga TO: GDP: per Capita data is updated yearly, averaging 2,771.341 TOP from Jun 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 8,718.756 TOP in 2017 and a record low of 275.380 TOP in 1976. Tonga TO: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank.WDI: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy 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 current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

  18. G

    GDP per capita, PPP in G7 | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 30, 2021
    + more versions
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    Globalen LLC (2021). GDP per capita, PPP in G7 | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/G7/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Jan 30, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2023
    Area covered
    World
    Description

    The average for 2023 based on 7 countries was 57647 U.S. dollars. The highest value was in the USA: 74578 U.S. dollars and the lowest value was in Japan: 46158 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  19. T

    Luxembourg GDP per capita

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +16more
    csv, excel, json, xml
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    TRADING ECONOMICS, Luxembourg GDP per capita [Dataset]. https://tradingeconomics.com/luxembourg/gdp-per-capita
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    xml, json, excel, csvAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    Luxembourg
    Description

    The Gross Domestic Product per capita in Luxembourg was last recorded at 105996.66 US dollars in 2023. The GDP per Capita in Luxembourg is equivalent to 839 percent of the world's average. This dataset provides the latest reported value for - Luxembourg GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  20. Breakdown of GDP per capita in G20 countries 2024 and 2029

    • statista.com
    Updated Jul 4, 2024
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    Statista (2024). Breakdown of GDP per capita in G20 countries 2024 and 2029 [Dataset]. https://www.statista.com/statistics/722960/g20-country-gdp-levels-per-capita/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2024
    Area covered
    Worldwide
    Description

    In 2024, the United States was the G20 country with the largest gross domestic product per capita, with 68,200 international dollars per capita. The international dollar is a hypothetical currency accounting for purchasing power parity (PPP), assuming that the U.S. dollar would have the same value all around the world. Saudi Arabia had the second highest GDP per capita, followed by Germany. On the other hand, India had the lowest at only 8,000 dollars per capita.

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Statista (2024). Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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Countries with the largest gross domestic product (GDP) per capita 2025

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18 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Oct 23, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2024
Area covered
Worldwide
Description

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 four are in Asia, alongside the U.S., Canada, 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.

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