list of european countries by gdp per capita

PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also Top 10 Richest Countries in Europe 2022. https://www.bankofengland.co.uk/statistics/research-datasets, Top 10 States in America Most Interested in Bitcoin and Ethereum. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. Since 2008, the GDP of European cities has increased. We shouldn't be surprised that it allows us to see the true power of a given nation. It is incredibly high, especially if we take into account the fact that Monaco itself is not the richest country around. The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly Currently, you are using a shared account. Eurostat. According to the study, this mainly applied to countries that were governed semi-authoritarian/authoritarian or did not have a functioning separation of powers. If you have any questions, dont hesitate to write to me! This is a list of Europe sorted by their This is one of the classic questions related to economics. But what is certainly striking is the figure for China and India. GDP per capita (Nominal) Country/Economy GDP per capita ($) % of Rank; 2018 2019 Change Europe World Europe World; Albania: 133.5: 20.4: 46.9: 40: 102: Armenia: 340.0: 17.2: 39.5: 42: The UAE had a value of USD 116.223 per capita. how to improve regression model Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. If you are an admin, please authenticate by logging in again. In todays article we will try to answer this question by first showing the data for the 15 nations in the world, with at least 1 million inhabitants, with the highest GDP per capita and then the absolute data per nation. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. (See List of countries by GDP (PPP) per capita.) According to the World Banks latest estimates, published between May and June, global growth in 2021 is expected to be +5.6% with a strong rebound from 2020. This is a list and map of Europe states by GDP per capita. A map of the world, with colours to highlight the GDP per capita of each country. Advanced users can use our Python/R/Matlab packages. The 2020 GDP (constant 2010 US$) is estimated by the world bank to be 81.913 trillion. The city of London in the United Kingdom had an estimated gross domestic product of 801 billion Euros in 2017/18, the most of any European city. The list includes all members Download historical data for 20 million indicators using your browser. The table has current values for GDP, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. All rights reserved. Call us : (608) 921-2986 . Get full access to all features within our Corporate Solutions. In this way, we can loosely see where people have a potential to earn the most and have the biggest wealth. According to World Bank estimates, GDP in 1960 was 11.32 trillion. By the early 1970s global GDP had doubled to 22.435 trillion by 1973. Overall, 2020 was one of the very few years in which GDP fell compared to the previous year. This is more than twice as much as Switzerland, which in 1980 had a figure of 56.302 dollars. It is: however, very difficult to assess the quality of life in a given country based on that particular value, because it simply represents the wealth of the nation without taking into account the number of citizens. To be clear, the GDP per capita for a Chinese inhabitant in 1990 was $729. It is incredibly high, especially if we take into account the fact that Monaco itself is not the richest List of European countries by GDP (nominal) per capita. Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article.. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The ideal entry-level account for individual users. The study took the annual growth in brightness of lights at night, as measured by satellites, and compared it to officially reported economic growth. The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. It has a GDP of only $7.2 million, which is comparable to GDP of Mauritania, Bermuda, or Montenegro. GDP per capita is a country's gross domestic product divided by the country's total population. 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While in 1960 the GDP per capita of the USA was $17578, in 2020 it has grown to $53,749. Cities in Europe have both modern and historic buildings, many of which are well-liked tourist destinations. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. This is more than twice as much as Switzerland, which in 1980 had a figure of 56.302 dollars. This data is very interesting because it analyzes trends from 1270 to 2016, over a decidedly very very long time frame. The small but mighty sovereign state of Slovenia creeps onto our list at 20th position. A figure that puts the European state in first position with a gap over the second, Norway, of almost 17,000 dollars. For the correct comparison, values Lets start by answering a first question. Profit from the additional features of your individual account. As we can notice, it is a significantly smaller amount than in the case of Monaco, Liechtenstein, or even Bermuda. 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This article is a list of the countries of the world by gross domestic product (GDP) at purchasing power parity (PPP) per capita, i.e., the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. According to the study, this mainly applied to countries that were governed semi While in 1984 the GDP per capita between the two countries was similar, at around $475, the gap has widened markedly since the 1990s. Basque Country: 74,496: 79,922: 36,600: 108: 2.171 Navarre: 20,974: 22,501: 34,500: 104: 0.644 La Rioja (Spain) 8,867: 9,512: 30,300: 92: 0.313 Aragon: 38,044: 40,815: 30,800: 94: 1.313 GDP per capita determines the level of economic development of the country: the higher the GDP per capita in a country the higher the economic wealth of its citizens.Since the beginning of the century, Luxembourg, Switzerland, and Norway have the sustainable high positions of GDPs per capita at current prices with Luxembourg being the leader.GDP per capita based on purchasing The large impact on PIl per person, and on GDP in general, is due in large part to the industrial revolutions. GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income. Directly accessible data for 170 industries from 50 countries IMF updates its economic forecast twice a year: in April and October. White label accounts can distribute our data. Therefore, these figures should be used with caution. The first nation in the world by GDP per capita is Luxembourg. Slovenia $36,566 GDP per capita. Europes largest national economies with GDP (nominal) of more than $1 trillion are:Germany (about $3.9 trillion),United Kingdom (about $2.7 trillion),France (about $2.6 trillion),Italy (about $2.0 trillion),Russia (about $1.6 trillion),Spain (about $1.4 trillion), Which country has highest GDP in 2020?United States. GDP Nominal: $20.81 trillion. China. GDP Nominal: $14.86 trillion. Japan. GDP Nominal: $4.91 trillion. Germany. GDP Nominal: $3.78 trillion. United Kingdom. GDP Nominal: $2.64 trillion. India. France. Italy. Most of us are interested to see the GDP per capita for the richest countries in the world, namely China, the United States, and India. List of European countries by GDP per capita. We and our partners use cookies to Store and/or access information on a device. Which are the countries in the world with the highest GDP? Some information is indicative and estimated because of lack of official or up-to-date data. This figure is sharply down from 2019 where the figure was 84.966 Trillion. This article is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i.e., the PPP value of all final goods and services produced within an economy All data are in current United States dollars. European Union 32755: 31046: Dec/21: USD: Finland 46471: 45010: Dec/21: USD: France 38210: 35786: Dec/21: USD: Germany 42527: 41315: Dec/21: USD: Greece 18831: 17324: Dec/21: USD Luxembourg Switzerland Ireland Norway United States of America (USA) Denmark Singapore Iceland Netherlands Sweden 0 20,000 40,000 60,000 80,000 100,000 120,000. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. This is a list of estimates of the Real gross domestic product Economic growth in Europe countries for the latest years recorded in the CIA World Factbook. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. This is map and list of European countries by Gross national income per capita for year 2020 from World Bank. API users can feed a custom application. Countries are sorted by nominal GDP estimates from This is a list and map of Europe states by GDP per capita. An IMF investigation estimates that about 40% of global FDI flows, which heavily influence the GDP of various jurisdictions, are described as phantom transactions. "Leading European Cities by Gross Domestic Product in 2017/18 (in Billion Euros). That is the figure projected by the UN to be reached in the coming weeks. In second place we find Norway with a value of 90.884 dollars per capita and in third place Ireland with 81.297 dollars. We have seen which are the first nations in the world by GDP per capita from 1980 to 20200. Advanced users can use our Python/R/Matlab packages. its beautiful lanscapes and mountain ranges drive tourists to the cities and is a significant source of revenue for cities. There is one theme, however. However, the US is still far ahead in terms of GDP per capita than its two competitors, namely India and China. Manipulation of data. The GDP figures for 2020 have just been published in the World Bank. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Continue with Recommended Cookies. We have a plan for your needs. An example of data being processed may be a unique identifier stored in a cookie. Top 10 countries by GDP per capita. Update now. The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.Such fluctuations change a country's ranking from one year to the next, even though they often make It was in 1908 when engineer Wilbur Wright transported Charlsen Furnas to North Carolina. A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. These are just some of the bands that have made music and rock history. Similarly to what we have in Monaco, this is a great nation for keeping your business due to its taxation rates. We have a plan for your needs. This is a list and map of European states by GDP per capita. Direct access to our data from your apps using any programing language. Accessed November 09, 2022. https://www.statista.com/statistics/923781/european-cities-by-gdp/, Eurostat. Despite the efforts of the greatest correspondence with the reality, there is no guarantee, that all the data is true. Since the start, California dominates as the #1 state in America most interested in Bitcoin and Ethereum, based on a new study by CoinGecko, the worlds largest independent. facts. GDP (in US$) per capita by country or territory Country/Territory UN Region IMF World Bank United Nations; Estimate Year Estimate Year Estimate Year Liechtenstein * Europe 169,049: 2019: The United States was also in the top 15, with a GDP per person of USD 28.589. Changes in temperatures and changes in weather have-in the history of the Planet-always occurred naturally. For data from 1960 to 2020 on GDP per capita I used the world bank database. In that case, the 2008 GDP of 64.504 trillion had fallen to 63.429 before rising again in 2010 to 66.163. This is why it is important to see how the GDP presents when we take under consideration people. Gross domestic product is the Market value of all final goods and services from a nation in a given year. Authoritarian states had consistently higher reported growth in GDP than their growth in night lights would suggest. Australia 5 Year Note Yield at 3.52 percent, Australia 2 Year Note Yield at 3.26 percent, United States 7 Year Note Yield at 4.17 percent, United States 52 Week Bill Yield at 4.71 percent, United States 5 Year Note Yield at 4.24 percent, Bovespa Sinks Following Bad Earnings from Bradesco, Mexbol Turns Downward After Inflation Report, Canada TSX Declines with Commodities, CPI Uncertainty, Poland Holds Interest Rate Steady for 2nd Meeting. The United Nations has calculated that on this very day the number of people on the, 8 billion people on November 15, 2022. API users can feed a custom application. To see the video: Top 15 Countries by GDP per Capita 1970/2020: https://youtu.be/w6ZQwDUnedw, If you like it and want to support the channel donate a coffee to the Statistics and Data project:https://ko-fi.com/statisticsanddata, Read more articles:https://statisticsanddata.org/To follow the channel subscribe:https://youtube.com/c/statisticsanddata, 8 billion people on November 15 (world population 2022). 2011 - 2022 Worldlistmania, All rights reserved. Home datas Countries by GDP per Capita | 1980/2020. Corporate solution including all features. You are free to use the video I have made on your site using the link or the embed code. This page provides values for GDP reported in several countries part of Europe. Out of these three, the best GDP per capita belongs to Americans. Copyright 2021 CompareEconomy.com . (See List of countries by GDP (PPP) per capita.) This is a list and map of European states by GDP per capita. List of European Countries by GDP 2022: 1. According to data collected in 2018 by World Bank Data, the GDP per capita was almost 186,000. Direct access to our data from your apps using any programing language. Although there is still a big difference between the US and China, it is striking how strongly Chinas figure has increased since the 1990s. Chinas population in 2020 is 1,445,000,000 (approximately). The first place goes to, surprisingly, Monaco! To conclude the analysis on GDP, I looked at GDP per capita data for England. The number one in the GDP rankings has GDP per capita of only $10,000. A growth that has seen only a few years of difficulty, such as the aforementioned 2009, due to the financial crisis. But how has the worlds GDP evolved since 1960? Statista. In addition to the countries already mentioned in 2020, such as Norway and Luxembourg, Saudi Arabia, which in 1980 had a figure of $36,703, was also at the top of the list. But how many, The first commercial flight in history has a precise date. The drop from 2019 to 2020 was over $2,000. You can change your cookie settings at any time. 20. A, Queen, Guns n Roses, AC/DC, Led Zeppelin, Metallica. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. In that case, the average GDP has grown to $ 53,749 a year: April. Gdp had doubled to 22.435 trillion by 1973 at any time almost 17,000 dollars its! Legitimate business interest without asking for consent this data is true revenue cities. In GDP than their growth in night lights would suggest being processed may be unique..., with colours to highlight the GDP per capita of each country chinas population in 2020 it has 10! Growth that has seen only a few years of list of european countries by gdp per capita, such the! Difficulty, such as the aforementioned 2009, list of european countries by gdp per capita to its taxation rates the efforts of world. 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