Ranked: Countries With the Highest GDP Per Capita in 2024

The New Diplomat
Writer

Ad

Nigeria’s FX Reserves Surge to $41bn Under Tinubu, But Still Lower Than Obasanjo’s $67bn

By Abiola Olawale Nigeria’s foreign exchange (FX) reserves have reached a 44-month high, climbing to $41 billion as of August 19, 2025, according to data from the Central Bank of Nigeria (CBN). According to recent data from the CBN, this milestone reflects a steady accumulation driven by strategic economic reforms, increased oil production, and enhanced…

Trump slaps sanctions on Canadian International Criminal Court judge

The Trump administration slapped a Canadian judge on the International Criminal Court with sanctions as the U.S. State Department continues to push back on the tribunal. The State Department said Wednesday that Kimberly Prost was sanctioned for “ruling to authorize the ICC’s investigation into U.S. personnel in Afghanistan.” The ICC website says Prost has been…

Reprieve as Trump’s half-billion-dollar civil fraud penalty is voided by court

By Obinna Uballa A New York state appeals court on Thursday overturned a civil fraud penalty of more than $500 million imposed on President Donald Trump, ruling that the monetary sanction violated the U.S. Constitution. The Appellate Division of the New York State Supreme Court held that the fine—initially set at $454 million and now…

Ad

This graphic compares countries and territories with the highest GDP per capita in 2024 to those in 2014, based on data from the International Monetary Fund.

All figures are in international dollars and are adjusted based on purchasing power parity (PPP).

Understanding the Difference: GDP vs. GDP per Capita

GDP measures the total economic output of a country or region, while GDP per capita divides that output by the population, indicating the average economic output per person.

When the population factor is considered, lesser-known countries or territories with smaller populations but significant wealth appear at the top positions.

In third place in 2014, Luxembourg now ranks at the top with a GDP of $144,000 per person for a population of 669,000. This small, landlocked country in Western Europe is known for its strong financial sector, which accounts for 25% of its GDP, and is considered a top tax haven.

Rank Country GDP per Capita 2024 Population
1 🇱🇺 Luxembourg $144K 669,000
2 🇲🇴 Macao SAR $134K 704,000
3 🇮🇪 Ireland $134K 5,200,000
4 🇸🇬 Singapore $134K 5,900,000
5 🇶🇦 Qatar $112K 2,700,000
6 🇦🇪 United Arab Emirates $97K 9,500,000
7 🇨🇭 Switzerland $92K 8,900,000
8 🇸🇲 San Marino $87K 33,000
9 🇺🇸 United States $85K 334,000,000
10 🇳🇴 Norway $83K 5,500,000
11 🇬🇾 Guyana $80K 813,000
12 🇩🇰 Denmark $78K 5,900,000
13 🇧🇳 Brunei $78K 452,000
14 🇹🇼 Taiwan $77K 23,900,000

Macao takes second place in 2024 and is also ranked among the world’s top tax havens.

Only two countries or territories among the top 14 in 2024 have populations exceeding 10 million people.

Ireland, Guyana, Denmark, and Taiwan have joined the list since 2014, while Kuwait, Saudi Arabia, Andorra, and Hong Kong have left.

Source: Visual Capitalist

Ad

X whatsapp