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.

Singapore GDP per capita for 2023 was $84,734, a 4.18% decline from 2022.

<ul style='margin-top:20px;'>

<li>Singapore GDP per capita for 2022 was <strong>$88,429</strong>, a <strong>11.09% increase</strong> from 2021.</li>
<li>Singapore GDP per capita for 2021 was <strong>$79,601</strong>, a <strong>29.5% increase</strong> from 2020.</li>
<li>Singapore GDP per capita for 2020 was <strong>$61,467</strong>, a <strong>6.98% decline</strong> from 2019.</li>
</ul>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.

In 2024, Singapore had the highest GDP per capita across the Asia-Pacific region, an estimated ***** thousand U.S. dollars. In comparison, Myanmar had an estimated GDP per capita of approximately ****** U.S. dollars that year.

The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2020 to 2023, with projections up until 2030. In 2025, GDP per capita in Singapore was projected to be almost ****** U.S. dollars: more than 10 times the total of most other ASEAN countries, and almost 80 times larger than that of Myanmar.

The average for 2023 based on 42 countries was 30836 U.S. dollars. The highest value was in Singapore: 127544 U.S. dollars and the lowest value was in Afghanistan: 1992 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

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.

Singapore GDP for 2023 was 501.43 billion US dollars, a 0.59% increase from 2022.

<ul style='margin-top:20px;'>

<li>Singapore GDP for 2022 was <strong>498.47 billion US dollars</strong>, a <strong>14.83% increase</strong> from 2021.</li>
<li>Singapore GDP for 2021 was <strong>434.11 billion US dollars</strong>, a <strong>24.21% increase</strong> from 2020.</li>
<li>Singapore GDP for 2020 was <strong>349.49 billion US dollars</strong>, a <strong>7.27% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The average for 2023 based on 11 countries was 11998.61 U.S. dollars. The highest value was in Singapore: 65422.46 U.S. dollars and the lowest value was in Burma (Myanmar): 1168.69 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

In 2021, Macao had the highest estimated gross domestic product (GDP) growth with **** percent, followed by the Maldives with an estimated GDP growth of **** percent. Many economies were forecasted to have seen a decline in GDP in 2021, possibly due to COVID-19, reaching up to *** percent in Myanmar. Nevertheless, almost economies were forecasted to recover in 2022 and 2023.

The economic state in Asia

In 2020, China led the Asia Pacific region in terms of GDP with approximately **** trillion U.S. dollars, followed by India, South Korea, and Australia. In comparison, the GDP value for emerging and developing Asia was at aproximately **** trillion international dollars in that year. In terms of GDP per capita, Singapore ranked the highest with approximately **** U.S. dollars, followed by Australia with a per capita GDP of around **** U.S. dollars.

Higher GDP growth for developing Asia Pacific countries

For 2022 and 2023, it was forecasted that Macao and the Maldives would have the highest GDP growth. Overall, Afghanistan had the highest predicted rise in GDP growth from 2021 to 2023. South Asia, Southeast Asia, and Southwest Asia were forecasted to be leading the region’s economic growth with comparably higher GDP growth rates. Developed countries including Australia, New Zealand and Japan were projected to have stagnant GDP growth.

Singapore's GDP per employed person is US$162,496 which is the 4th highest in the world ranking. Transition graphs on GDP per employed person in Singapore and comparison bar charts (USA vs. China vs. Japan vs. Singapore), (Denmark vs. Finland vs. Singapore) are used for easy understanding. Various data can be downloaded and output in csv format for use in EXCEL free of charge.

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.

Key information about Singapore Household Income per Capita

• Singapore Annual Household Income per Capita reached 38,976.554 USD in Dec 2022, compared with the previous value of 37,210.041 USD in Dec 2021.
• Singapore Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2022, with an averaged value of 27,919.001 USD.
• The data reached an all-time high of 38,976.554 USD in Dec 2022 and a record low of 12,070.323 USD in Dec 2000.
• In the latest reports, Retail Sales of Singapore dropped 6.152 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Household Member multiplied by 12 and converts it into USD. The Singapore Department of Statistics provides Average Household Income per Household Member in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

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.

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

******* had the highest level of the Human Development Index (HDI) worldwide in 2023 with a value of *****. With a score of ****, ****** followed closely behind *********** 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 eight and number 13 of the HDI, respectively, *********************** are the only Asian locations within the top-15 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 ***** U.S. dollars, increasing throughout the decades until reaching ****** in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly ** billion U.S. dollars, which has risen to nearly *** 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 *** billion U.S. dollars by 2022. Per capita, the UAE GDP was around ****** U.S. dollars in 1989, and has nearly doubled to ****** U.S. dollars by 2021. Moreover, this is expected to reach over ****** 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.

Qatar has the highest per capita energy consumption worldwide. In 2023, residents in Qatar used an average of *** megawatt-hours worth of energy - all of which was derived from fossil fuels. Sources of primary energy In 2023, oil and coal were the main fuels used for primary energy worldwide. Except for the Nordic countries and Canada, all other countries listed among the leading 10 consumers sourced energy almost exclusively from fossil fuels. Many of them are also responsible for large oil production shares or the refining thereof. Differences in energy consumption There is a notable disparity between the highest and lowest energy users. Resource-rich countries outside the temperate climate zone tend to use more energy to heat or cool homes and are also more likely to use greater amounts of energy as costs are much lower. For example, electricity prices in oil and gas-producing countries such as Qatar and Saudi Arabia are only a fraction of those of resource-poor countries in Europe. Furthermore, energy consumption disparity is a strong indicator of the different income levels around the world and largely tied to economic prosperity.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to gross domestic product (GDP) from 2020 to 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2021, the national debt of Myanmar amounted to ***** percent of the country's gross domestic product.

London was the most attractive financial center in Western Europe as of March 2024. According to five broad areas of competitiveness that the ranking was built on (business environment, human capital, infrastructure, financial sector development, and reputation), London received 747 points. Geneva ranked second, with a rating of 738. According to the Global Power City Index (GPCI), London was also the most attractive city worldwide for its economy, research and development, cultural interaction, livability, environment, and accessibility. Financial employment in the UK In 2022, the value added in the finance and insurance services sector in the United Kingdom as a percentage of total GDP was one of the largest in Europe. However, total employment in the financial services sector overall decreased since 2008. The mean weekly wage of full-time employees in the financial and insurance sector also dropped and never recovered from a sharp decrease in 2018. Largest European financial institutions In 2022, HSBC topped the list of the largest European banks in terms of total assets. With more than 2.86 trillion euros, the UK-based giant ranked before BNP Paribas, the largest banking institution in France. In the same year, HSBC also performed better than any other European bank in terms of pre-tax profit.