What is GDP per capita?
GDP per capita stands for Gross Domestic Product (GDP) per capita (per person). It is derived from a straightforward division of total GDP (see definition of GDP) by the population. Per capita GDP is typically expressed in local current currency, local constant currency or a standard unit of currency in international markets, such as the U.S. dollar (USD).
GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing. However, GDP per capita is not a measure of personal income and using it for cross-country comparisons also has some known weaknesses. In particular, GDP per capita does not take into account income distribution in a country. In addition, cross-country comparisons based on the U.S. dollar can be distorted by exchange rate fluctuations and often don’t reflect the purchasing power in the countries being compared.
The table below shows the GDP per capita in current U.S. dollars (USD) by country for the last five years.
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GDP per capita Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Albania | 4,714 | 3,955 | 4,141 | 4,640 | 5,251 |
| Algeria | 5,465 | 4,166 | 3,920 | 4,015 | 4,080 |
| Angola | 5,624 | 4,354 | 3,655 | 4,304 | 3,652 |
| Argentina | 13,133 | 15,110 | 12,778 | 14,386 | 12,123 |
| Armenia | 3,966 | 3,574 | 3,567 | 3,875 | 4,192 |
| Australia | 61,618 | 51,474 | 51,971 | 55,970 | 56,462 |
| Austria | 53,382 | 44,447 | 45,416 | 47,912 | 50,685 |
| Azerbaijan | 7,926 | 5,525 | 3,901 | 4,161 | 4,722 |
| Bahrain | 25,321 | 22,700 | 22,597 | 24,328 | 25,385 |
| Bangladesh | 1,093 | 1,220 | 1,372 | 1,521 | 1,650 |
| Belarus | 8,315 | 6,183 | 4,948 | 5,738 | 6,490 |
| Belgium | 48,989 | 41,317 | 42,270 | 44,847 | 47,098 |
| Belize | 4,742 | 4,712 | 4,720 | 4,755 | 4,728 |
| Bolivia | 3,124 | 3,037 | 3,084 | 3,345 | 3,540 |
| Bosnia and Herzegovina | 5,390 | 4,767 | 4,992 | 5,321 | 5,868 |
| Botswana | 7,643 | 6,702 | 6,986 | 7,657 | 7,843 |
| Brazil | 12,170 | 8,827 | 8,774 | 9,973 | 9,040 |
| Brunei | 41,905 | 31,383 | 27,346 | 28,211 | 30,689 |
| Bulgaria | 7,891 | 7,116 | 7,584 | 8,404 | 9,361 |
| Cambodia | 1,091 | 1,160 | 1,278 | 1,385 | 1,510 |
| Canada | 51,029 | 43,621 | 42,409 | 45,202 | 46,381 |
| Chile | 14,699 | 13,680 | 13,788 | 15,125 | 15,911 |
| China | 7,650 | 7,945 | 8,134 | 8,858 | 9,916 |
| Colombia | 7,992 | 6,075 | 5,808 | 6,322 | 6,689 |
| Costa Rica | 10,574 | 11,292 | 11,659 | 11,769 | 12,054 |
| Croatia | 13,724 | 11,944 | 12,303 | 12,595 | 15,713 |
| Cyprus | 28,089 | 23,495 | 24,764 | 26,784 | 28,588 |
| Czech Republic | 19,770 | 17,874 | 18,532 | 20,502 | 22,958 |
| DR Congo | - | - | - | - | - |
| Denmark | 64,658 | 53,737 | 55,152 | 58,040 | 60,880 |
| Dominican Republic | 6,805 | 7,139 | 7,520 | 7,869 | 8,332 |
| Ecuador | 6,347 | 6,099 | 6,046 | 6,217 | 6,319 |
| Egypt | 3,525 | 3,738 | 3,691 | 2,472 | 2,587 |
| El Salvador | 3,530 | 3,628 | 3,704 | 3,787 | 3,922 |
| Estonia | 20,268 | 17,541 | 18,240 | 20,398 | 23,312 |
| Ethiopia | 731 | 828 | 897 | 910 | 1,021 |
| Finland | 51,607 | 43,068 | 44,034 | 46,796 | 49,657 |
| France | 44,732 | 38,189 | 38,415 | 40,061 | 42,707 |
| Georgia | 4,441 | 4,016 | 4,061 | 4,361 | 4,718 |
| Germany | 49,753 | 41,287 | 42,204 | 44,828 | 47,164 |
| Ghana | 1,881 | 1,721 | 1,926 | 2,014 | 2,173 |
| Greece | 21,757 | 18,226 | 18,154 | 18,901 | 20,149 |
| Guatemala | 3,665 | 3,825 | 3,982 | 4,227 | 4,222 |
| Haiti | 819 | 826 | 740 | 779 | 882 |
| Honduras | 2,227 | 2,379 | 2,396 | 2,498 | 2,547 |
| Hong Kong | 40,190 | 42,319 | 43,494 | 46,097 | 48,454 |
| Hungary | 14,213 | 12,740 | 12,996 | 14,529 | 16,003 |
| Iceland | 56,494 | 52,754 | 60,759 | 75,587 | 76,458 |
| India | 1,614 | 1,633 | 1,763 | 2,017 | 2,027 |
| Indonesia | 3,532 | 3,368 | 3,607 | 3,885 | 3,946 |
| Iran | 5,642 | 4,931 | 5,274 | 5,635 | - |
| Iraq | 6,724 | 4,677 | 4,606 | 5,133 | 5,571 |
| Ireland | 55,496 | 62,155 | 63,089 | 69,623 | 77,773 |
| Israel | 39,393 | 35,790 | 37,350 | 40,563 | 41,674 |
| Italy | 36,550 | 30,316 | 31,063 | 32,724 | 34,073 |
| Jamaica | 4,949 | 5,042 | 4,976 | 5,206 | 5,494 |
| Japan | 38,363 | 34,514 | 38,977 | 38,130 | 39,305 |
| Jordan | 4,067 | 4,096 | 4,088 | 4,196 | 4,264 |
| Kazakhstan | 12,481 | 6,793 | 7,856 | 8,790 | 8,819 |
| Kenya | 1,434 | 1,433 | 1,528 | 1,681 | 1,835 |
| Korea | 29,254 | 28,723 | 29,273 | 31,555 | 33,308 |
| Kosovo | 4,184 | 3,591 | 3,713 | 3,996 | 4,256 |
| Kuwait | 40,694 | 27,261 | 25,301 | 27,115 | 30,736 |
| Kyrgyzstan | 1,154 | 962 | 1,140 | 1,252 | 1,303 |
| Laos | 2,075 | 2,135 | 2,309 | 2,424 | 2,542 |
| Latvia | 15,688 | 13,723 | 14,115 | 15,533 | 17,644 |
| Lebanon | 8,620 | 8,541 | 8,530 | 8,779 | 9,294 |
| Lithuania | 15,348 | 14,355 | 15,028 | 16,902 | 18,649 |
| Luxembourg | 124,024 | 103,039 | 105,825 | 109,643 | 116,472 |
| Malaysia | 11,062 | 9,724 | 9,578 | 9,947 | 11,068 |
| Malta | 26,387 | 24,500 | 25,556 | 27,804 | 30,483 |
| Mexico | 10,964 | 9,654 | 8,804 | 9,379 | 9,791 |
| Moldova | 2,249 | 2,164 | 2,286 | 2,794 | 3,229 |
| Mongolia | 4,087 | 3,847 | 3,578 | 3,595 | 4,051 |
| Montenegro | 7,386 | 6,521 | 7,034 | 7,809 | 8,840 |
| Morocco | 3,346 | 2,975 | 3,003 | 3,160 | 3,313 |
| Mozambique | 651 | 579 | 417 | 449 | 484 |
| Myanmar | 1,231 | 1,219 | 1,157 | 1,166 | 1,217 |
| Netherlands | 52,993 | 45,593 | 46,263 | 48,721 | 52,878 |
| New Zealand | 43,841 | 37,791 | 39,070 | 41,847 | 41,835 |
| Nicaragua | 1,979 | 2,044 | 2,102 | 2,158 | 2,028 |
| Nigeria | 3,271 | 2,699 | 2,155 | 1,951 | 2,134 |
| North Macedonia | 5,493 | 4,869 | 5,150 | 5,440 | 6,093 |
| Norway | 99,455 | 75,973 | 70,495 | 74,367 | 81,369 |
| Oman | 21,784 | 18,080 | 16,311 | 17,020 | 18,947 |
| Pakistan | 1,314 | 1,426 | 1,440 | 1,545 | 1,566 |
| Panama | 12,758 | 13,608 | 14,344 | 15,183 | 15,660 |
| Paraguay | 6,047 | 5,348 | 5,248 | 5,596 | 5,727 |
| Peru | 6,234 | 6,142 | 6,182 | 6,736 | 7,007 |
| Philippines | 2,849 | 2,881 | 2,953 | 2,989 | 3,104 |
| Poland | 14,330 | 12,562 | 12,430 | 13,876 | 15,416 |
| Portugal | 22,152 | 19,376 | 20,027 | 21,447 | 23,290 |
| Puerto Rico | 28,981 | 29,764 | 30,629 | 31,353 | 31,653 |
| Qatar | 93,030 | 66,323 | 57,940 | 62,765 | 70,359 |
| Romania | 9,989 | 8,987 | 9,556 | 10,833 | 12,214 |
| Russia | 14,315 | 9,290 | 8,739 | 10,748 | 11,339 |
| Saudi Arabia | 24,577 | 21,063 | 20,284 | 21,113 | 23,536 |
| Serbia | 6,594 | 5,587 | 5,757 | 6,288 | 7,232 |
| Singapore | 57,669 | 55,615 | 56,788 | 60,722 | 65,953 |
| Slovakia | 18,665 | 16,329 | 16,526 | 17,570 | 19,467 |
| Slovenia | 24,284 | 21,028 | 21,691 | 23,490 | 23,553 |
| South Africa | 6,635 | 6,022 | 5,291 | 6,220 | 6,137 |
| Spain | 29,723 | 25,923 | 26,618 | 28,241 | 30,364 |
| Sri Lanka | 3,820 | 3,839 | 3,871 | 4,102 | 4,097 |
| Sweden | 58,888 | 51,139 | 51,609 | 53,446 | 54,318 |
| Switzerland | 87,592 | 82,478 | 80,641 | 80,778 | 83,104 |
| Taiwan | 22,716 | 22,941 | 23,161 | 25,154 | 25,750 |
| Tajikistan | 1,031 | 807 | 799 | 777 | 826 |
| Tanzania | 1,061 | 925 | 962 | 1,000 | 1,039 |
| Thailand | 6,088 | 5,954 | 6,133 | 6,746 | 7,455 |
| Trinidad and Tobago | 20,361 | 18,484 | 16,414 | 16,524 | 17,370 |
| Tunisia | 4,271 | 3,829 | 3,669 | 3,466 | 3,428 |
| Turkey | 12,026 | 10,898 | 10,805 | 10,556 | 9,384 |
| Turkmenistan | 7,963 | 6,433 | 6,413 | 6,642 | 7,064 |
| USA | 54,993 | 56,787 | 57,901 | 60,000 | 62,869 |
| Uganda | 812 | 699 | 839 | 837 | 870 |
| Ukraine | 3,058 | 2,055 | 2,175 | 2,686 | 3,118 |
| United Arab Emirates | 43,335 | 37,375 | 36,220 | 37,248 | 39,704 |
| United Kingdom | 47,040 | 45,001 | 41,199 | 40,432 | 43,092 |
| Uruguay | 16,829 | 15,575 | 14,980 | 17,206 | 17,074 |
| Uzbekistan | 2,070 | 2,149 | 2,124 | 1,839 | 1,547 |
| Venezuela | 7,030 | 10,568 | 9,092 | 4,755 | 3,411 |
| Vietnam | 2,029 | 2,085 | 2,172 | 2,353 | 2,545 |
| Yemen | 1,210 | 943 | 849 | 806 | 866 |
| Zambia | 1,685 | 1,508 | 1,293 | 1,566 | 1,608 |
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GDP per capita Economic News
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Germany: Economy contracts in Q1 at sharpest pace since 2009
May 25, 2020
The economy shrank 2.2% quarter-on-quarter in the first quarter, thus entering a technical recession for the first time in seven years and marking the sharpest contraction since the global financial crisis as lockdown measures at home and abroad weighed heavily on both domestic and foreign demand.
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Peru: GDP falls at sharpest rate in 19 years in Q1
May 21, 2020
Economic activity shrank 3.4% year-on-year in the first quarter of the year, the fastest contraction since Q1 2001, after expanding 1.8% in Q4 2019. Hampered by Covid-19 fallout, the downturn was spearheaded by a severe contraction in the external sector, which subtracted 2.2 percentage points from the overall outturn (Q4: 0.0% year-on-year).
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Russia: GDP growth slows in Q1
May 19, 2020
According to a preliminary estimate released by Rosstat on 19 May, GDP grew 1.6% in annual terms in Q1 2020, decelerating from Q4 2019’s 2.1% expansion.
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