GDP per Capita by Country
What is GDP per Capita?
According to definition of Organisation for Economic Co-operation and Development (OECD) Gross domestic product (GDP) is defined as “an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs).
Direct Access To Database
Click the “New Report” icon to run a report with GDP, GDP growth rate and GDP per capita by country. Select a year from interval 1961 – 2013 and get the table with GDP per capita data for all countries.
Click the “New Report” icon to run a report with GDP, GDP growth rate and GDP per capita by year. Select a country and get the table with GDP per capita data for period 1961 – 2013.
Click the icon to run a Graph builder with GDP per capita compare graph. Select few countries and get GDP graph for 1961 – 2013.
Graph example: compare GDP per capita for United States, Great Britain and Australia
Click the icon to run a Graph builder with GDP per capita graphs. Select country and get GDP per capita graph for 1961 – 2013.
Graph Example: GDP per Capita for Spain
What GDP per Capita Can Tell Us About Country?
GDP per Capita is total GDP generated by the country divided by the number of people in the country. Therefore it allows to compare efficiency and wealthy of countries which are different in size.
For example we all know that China, being the great world factory (and not only factory) has the economy which is really huge. Total GDP generated by China GDP in 2013 is 9,240,270 millions of dollars according to the World Bank data. It is the second economy of the world by size (USA is still the first). It is amazing, isn’t it?
But we should also remember that the population of China is also huge. At the same time the GDP of Malaysia is 30 times smaller. But the population is smaller as well – nearly 30 million of people lived in Malaysia in 2013. GDP per Capita in Malaysia (10,514 USD) is 1,5 times higher than in China (6,807 USD). So Malaysia economy is still 1,5 time more efficient. If you build a graph to compare the dynamics of this indicators (use the Graph Builder suggested below) you will see, that the gap is reducing (it was nearly 9 in 1983!), but it happens not so rapidly as you can expect.
Therefore we can roughly say that one average man in Malaysia works 1,5 times more efficiently than one average man in China. If you rank all countries in the world by GDP per Capita (use links below this article) you will find out that one average man in Malaysia generate nearly the same additional value as in Mexico (10,307 USD) or in Turkey (10,946 USD).
Whom Can We Expect The Most Reach Country In The World?
GDP per Capita has some correlation with the wealthy of the nation. If we take this point we can say that Luxemburg should be the most reach country in the world. Average GDP per one citizen there in 2013 was 111,162 USD according to the World Bank data. Second one is the Norway, the third one is the Qatar (both are oil exporting countries with small population).
Whom Can We Expect The Poorest Country In The World?
According to World Bank data the lowest GDP per Capita in the world is in Malawi. The second place belongs to Burundi, the third one belongs to Central African Republic.