Richest Countries in the World by GDP per Capita in 2023
GDP per capita is a significant economic measure that offers an understanding of the average income and living standards of a country’s citizens.
Monaco has the highest GDP per capita at $234,316, followed by Luxembourg at $133,590 and Bermuda at $114,090. These countries consistently rank among the top in terms of GDP per capita, reflecting their strong economies and high-income levels.
On the other end of the spectrum, the countries with the lowest GDP per capita include Afghanistan at $368.75, Burundi at $221.48, and Mozambique at $491.84.
The ten countries with the highest GDP per capita are Monaco, Luxembourg, Bermuda, Ireland, Switzerland, Norway, the Cayman Islands, Singapore, the United States, and the Faroe Islands.
It’s important to understand that GDP per capita is not the only measure of a country’s economic and societal well-being. Factors such as income inequality, wealth distribution, and quality of public services also play a significant role in determining a nation’s overall economic conditions and living standards.
