The 20 countries with the largest gross domestic product (GDP) per capita in 2016 (in U.S. dollars)

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GDP per capita in U.S. dollars
Luxembourg 103,198.82
Switzerland 79,242.28
Norway 70,391.57
Macao SAR 67,079.3
Ireland 62,562.27
Qatar 60,786.72
Iceland 59,629.05
United States 57,436.41
Denmark 53,743.97
Singapore 52,960.73
Australia 51,850.27
Sweden 51,164.51
San Marino 46,446.62
Netherlands 45,282.63
Austria 44,498.37
Hong Kong SAR 43,527.99
Finland 43,169.22
Canada 42,210.13
Germany 41,902.28
Belgium 41,283.27
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About This Statistic

The statistic shows the 20 countries with the largest gross domestic product (GDP) per capita in 2016. In 2016, Germany ranked 19th with an estimated GDP of about 41,902 U.S. dollars per capita.


GDP per capita

Gross domestic product (GDP) is a strong indicator of a country’s economic performance and strength. It is measured by the added value of all final goods and services produced in a country during a specific time period or by adding every person’s income during that time period. Gross domestic product per capita is sometimes used to describe the standard of living of a population, with a higher GDP meaning a higher standard of living.

In 2014, Luxembourg, Norway, Qatar, and Switzerland reported the highest gross domestic product per capita worldwide, as can be seen in this statistic. It is estimated that gross domestic product per capita in the United States in 2020 will amount to around 58 thousand U.S. dollars, half of what Luxembourg is currently reporting. Since GDP per capita is calculated per inhabitant (hence the name), this is actually a positive sign of economic development, since it means an increase of almost 4,000 U.S. dollars. Despite the large gross domestic product in the United States, the United States had one of the highest unemployment rates amongst major industrial and emerging countries in 2013, with over 7.3 percent - the fourth highest in comparison to other major industrial and emerging countries.

The nation in the world with the second largest gross domestic product per capita is Norway. Norway’s economy has shown great signs of strength over the last few years. Over the past decade, Norway’s GDP per capita increased by more than 43 thousand U.S. dollars alone, almost doubling its amount. All in all, Norway's economy is one of the most stable and promising worldwide.

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