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.

The statistic shows gross domestic product (GDP) per capita in the countries of the Arab world in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. In 2023, GDP per capita in Algeria amounted to around 5,389.84 U.S. dollars.

In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.

In the first quarter of 2024, the Gross Domestic Product (GDP) in Tunisia increased by 0.2 percent compared to the same quarter of 2023. Moreover, it rose by 0.6 percent compared to the previous quarter. Following the economic impact of the coronavirus (COVID-19) outbreak, the GDP decreased by -1 percent in the first quarter of 2021, compared to the previous year. Economic recovery after COVID-19 As of the first quarter of 2024, Tunisia’s GDP experienced a growth rate of 0.2 percent, recovering from the decline in the two previous quarters. However, in 2020, the Tunisian GDP growth rate assumed a negative value for the first time since 2012. Previously, negative growth had been recorded in 2011 concurrently with the Jasmine Revolution. The economy then gradually recovered after 2020, with the GDP expanding by 4.61 percent in 2021 and 0.42 percent in 2023. After declining in 2020, the GDP per capita was also set to grow again to reach around 4,416 U.S. dollars by 2027. Overall, Tunisia is a small economy and ranks among the countries with the lowest GDP per capita in the Middle East and North Africa (MENA). Compared to other countries in the region, its territory is not particularly rich in oil and gas. Its industries mainly operate in textiles, mining and phosphates, and agri-food. Main sectors to drive economic growth The economy of Tunisia is largely based on the tertiary sector, with services contributing around 60 percent to the GDP. Within this sector, the tourism industry is particularly profitable. Tourists are especially attracted by the country’s seaside resorts, as well as the suggestive landscapes of the Sahara Desert. The global tourism industry was hit hard by the COVID-19 crisis and Tunisia registered a significant fall in the annual number of tourists in 2020, however, the sector managed to recover, with 6.89 million arrivals in 2023. Agriculture represents another significant driver of economic growth, accounting for around 10 percent of the country’s GDP and employing roughly 14 percent of the working population. Cereals lead the domestic agricultural production, while olive oil, dates, and fish represent the main exports.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

Switzerland had the highest level of the Human Development Index (HDI) worldwide in 2022 with a value of 0.967. With a score of 0.966, Norway followed closely behind Switzerland and had the second highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number four and number nine of the HDI, respectively, Hong Kong and Singapore are the only Asian locations within the top 10 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was 5,703 U.S. dollars, increasing throughout the decades until reaching 50,029 in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly 31 billion U.S. dollars, which has risen to nearly 501 billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third largest GDP behind Saudi Arabia and Israel, reaching nearly 507 billion U.S. dollars by 2022. Per capita, the UAE GDP was around 21,142 U.S. dollars in 1989, and has nearly doubled to 43,438 U.S. dollars by 2021. Moreover, this is expected to reach over 67,538 U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

Seychelles recorded the highest Gross National Income (GNI) per capita in Africa as of 2023, at 16,940 U.S. dollars. The African island was, therefore, the only high-income country on the continent, according to the source's classification. Mauritius, Gabon, Botswana, Libya, South Africa, Equatorial Guinea, Algeria, and Namibia were defined as upper-middle-income economies, those with a GNI per capita between 4,516 U.S. dollars and 14,005 U.S. dollars. On the opposite, 20 African countries recorded a GNI per capita below 1,145 U.S. dollars, being thus classified as low-income economies. Among them, Burundi presented the lowest income per capita, some 230 U.S. dollars. Poverty and population growth in Africa Despite a few countries being in the high income and upper-middle countries classification, Africa had a significant number of people living under extreme poverty. However, this number is expected to decline gradually in the upcoming years, with experts forecasting that this number will decrease to almost 400 million individuals by 2030 from nearly 430 million in 2023, despite the continent currently having the highest population growth rate globally. African economic growth and prosperity In recent years, Africa showed significant growth in various industries, such as natural gas production, clean energy generation, and services exports. Furthermore, it is forecast that the GDP growth rate would reach 4.5 percent by 2027, keeping the overall positive trend of economic growth in the continent.