- GDP per capita: $34,507 (5.2% 2009-2019 annual growth) of Australian states and territories by GDP After the 70s, tourism replaced sugar as the primary industry on St. Kitts and Nevis. - GDP per capita: $53,469 (2.9% 2009-2019 annual growth) The tiny city-state is famous for its lavish wealth, casinos, and glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix. GDP per capita (USD) Burundi. List of OECD regions by GDP (PPP - GDP per capita: $27,518 (4.4% 2009-2019 annual growth) - GDP: $3.2 trillion (#10 among all countries). - GDP: $139.5 billion (#78 among all countries). - GDP per capita: $36,639 (3.3% 2009-2019 annual growth) - GDP: $2.9 billion (#168 among all countries). The second-smallest countryistherichest?? Per capita milk consumption. Top 10 countries with highest GDP Luxembourg would remain at the top spot of nominal ranking for the next few years as it is ahead of 2nd ranked occupier Ireland by a huge margin of $28,908. However, much like with anything else, there are two sides to the medal. - GDP: $42.7 billion (#113 among all countries). That hurricane, along with the detrimental effects of COVID-19, have put undue strain on Albanias economy. - GDP per capita: $46,279 (5.7% 2009-2019 annual growth) Per capita World Cities Have the Highest Concentrations - GDP per capita: $55,820 (3.3% 2009-2019 annual growth) world WebIn that year, the Brazilian economy grew 1.0% in real terms according to revised figures of the IBGE. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. This island state with about 1.3 million citizens is now considered ahigh-income economya huge accomplishment, as it only gained independence in 1968. Traditional African economic heavyweight South Africa also features in this list of Africas richest. Cities With the Highest Economic Output That means the economy can be very volatile when prices of these exports change, and the government has devalued the currency and raised taxes in recent years to combat the budget deficit. - GDP per capita: $101,649 (4.4% 2009-2019 annual growth) Since the establishment of the North American Free Trade Agreement (NAFTA) in 1994, Mexico's economythe 11th largest in the worldhas been highly focused on manufacturing. - GDP per capita: $24,790 (5.7% 2009-2019 annual growth) - GDP: $4.7 billion (#162 among all countries). With an area of just 0.78 square miles and a population of 38,300, Monaco is one of the densest countries in the world. GDP per capita is a significant economic measure that offers an understanding of the average income and living standards of a countrys citizens. It may differ from the mean (or average) income.Both of these are ways of understanding income distribution.. Timber, oil, and manganese exports dominate the economy. - GDP per capita: $48,698 (3.3% 2009-2019 annual growth) WebLondon is ranked second with $2.7 billion in private wealth. Cities For a small one-bedroom apartment in Monaco, buyers can expect to pay at least $1.6 million, Alexander Kraft, chairman and CEO of Sotheby's International Realty FranceMonaco, told Mansion Global. Exports like engines, motor vehicles, other machines, and telecommunications equipment made up about 44% of the GDP as of March 2021. as well as image rights, data visualizations, forward planning tools, - GDP: $283.9 billion (#58 among all countries). Peru's mountains boast valuable deposits of silver and copper, while the coast provides huge opportunities for fishing. GDP per capita Guyana is among the poorest nations in all of South America: More than 40% of the countrys residents live on less than $5.50 a day. Sending your kid to school is not that stressful when you know you have a lot of good schools to choose from. - GDP: $26.3 billion (#137 among all countries). Libya has the fourth-highest GDP per capita (PPP) in Africa after Seychelles, Equatorial Guinea and Gabon. List of Chinese prefecture-level cities by GDP per capita Though Norway opted out of joining the EU in 1994, it is a member of the European Economic Area and contributes to the EU budget. - GDP per capita: $19,997 (3.6% 2009-2019 annual growth) A higher per capita GDP generally corresponds to higher income, consumption levels, and standards of living. For this reason, I ask you to take this list with a pinch of salt. metropolitan areas by GDP per capita I doubt anyone would gladly choose to live in the poorest country in the world, knowing about the struggles many have to endure to provide for basic necessities. If your organization is interested in becoming a Stacker WebThe table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Internet Adoption in America: Who Isnt Online Yet? Though the global financial crisis did push Portugal's economy into a recession from 2011 to 2013, the economy has steadily improved since then. Given the past trends, it is predicted that its GDP per capita will be $67,509 by 2021. However, given that these are not the most recent data, I had to situate them within the context of GDP per capita growth provided by the same source. With about 123 million people (2022), Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 6.4% growth in FY2021/22. The sixth largest economy in Europe, the Netherlands has become a transportation hub. Finally, other metrics for a good standard of living, some of them intangible in economic termshuman rights, freedom of expressionare not accounted for at all. List of Italian regions by GDP Australia And in Oceania, adjusting GDP for purchasing power doesnt have much effect on the sizable gap between Australia and New Zealand and their smaller island neighbors. - GDP per capita: $13,034 (1.3% 2009-2019 annual growth) ()World's GDP is $100,562,000,000,000 (nominal, 2022); Sources: World Bank (World Development Indicators, July 25, 2023); United Nations (World Population Prospects Per capita In fact, in the top 10, only the U.S. and Australia have a population of more than 10 million. The last measured GDP per capita was $64,579, which was $14,002 higher than the national GDP per capita. Based on GDP per capita income, these are the ten richest Caribbean Islands in 2021. If you are up to date on the life of any celebrity, chances are you have found yourself turning into a green-eyed monster called Jealousy while going through their social media profiles. - GDP per capita: $43,143 (3.8% 2009-2019 annual growth) Luxembourg's Population = 632,275. The average annual growth rate of GDP per capita in the city number 5 on our list of top 20 richest cities in the world in 2018 by GDP per capita, is 2.33 %. Strong industrial exports, top-notch agricultural harvests, and new fiscal policies helped Romania's economy make some serious gains from 2013 to 2017. High growth, low unemployment, and even distribution of income have come to define Iceland's economy in recent years. WebThis is a list of OECD regions by GDP (PPP) per capita, a ranking of subnational entities from members of the Organisation for Economic Co-operation and Development (OECD) by gross domestic product at purchasing power parity prices per capita. 677. The state with the lowest GDP as of Q1 2023 is Vermont, with a real GDP of $31.61 billion. Which Countries Are Most Reliant on Coal? GDP per capita and total GDP are defined in terms of GDP PPP (purchasing power parity), or gross domestic product that is converted to international dollars according to PPP rates. There are a few guidelines and GDP of $20,000 is generally regarded as a threshold to developed economies. The high-quality life comes at a rather high price, which is why these cities are among the most expensive in the world. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. The unemployment rate in the Czech Republic is among thelowest of any country in the European Union. Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. WebHow GDP compares to GNI. WebWorld Bank national accounts data, and OECD National Accounts data files. Luxembourg has the 2nd largest GDP per capita in the world and it appears that a lot of money flows into its capital, Luxembourg City which ranks 18th on our list of top 20 richest cities in the world in 2018 by GDP per capita. It appears that most of the money in the United States flows into the streets of San Francisco. But some local economies are noticeably stronger when adjusting for PPP, especially Fijis, which has a GDP per capita (PPP) three times bigger than its nominal value. Liechtenstein is about 80 times larger in area than Monaco. Not only does tourism account for nearly half of the country's GDP, but it also employs more than half of the Bahamian workforce. All of the countries on the list have long been grouped among top 50 richest countries in the world. Only about 9,259 of Monaco's 38,300 residents were born there,according to the principality's official statistics. China dominated the list of cities with the fastest growing economies, but only Macau (11th) ranked on the list of the top 20 cities in the world in per-capita GDP. Economic growth throughout the country shrank by 6.4% by mid-2020. cities of similar population in countries with similar income levels). After Croatia joined the European Union in 2013, its economy has seen continued growth and the poverty rate has started to drop. WebThe table below is an imperfect attempt at assessing both country Income per capita levels (proxied as World Economics GDP per capita) and Asset wealth per capita (proxied by data derived from the Credit Suisse Wealth Report 2022), and using Untited Nations population data. Seeing how crowded and dynamic they are, it becomes difficult to find your oasis of peace. - GDP per capita: $16,331 (0.0% 2009-2019 annual growth) - GDP: $185.8 billion (#69 among all countries). The continent had a GDP per capita (nominal) of US$37,477 in 2016. Fiji's economy is primarily based on two things: tourism and agriculture. - GDP per capita: $29,181 (4.2% 2009-2019 annual growth) It says here that Monaco is the money-laundering capital of the world, and a financial supporter of terrorism. The Turkish government's sweeping reforms in the early 2000s did dramatically reduce poverty and help the country attract more foreign trade, but the political and economic turbulence of 2018 stopped nearly all the progress. - GDP: $562.2 billion (#39 among all countries). Curacao is a Lesser Antilles island country in the Caribbean Sea with an open economy. Local subsistence farmers grow crops such as copra, cocoa, kava, taro, pineapples, cassava, and bananas. Since the government implemented a slew of economic reforms in 1998, Slovakia's economy has been growing slowly but surely. Canada During his regime from 1961 to 1979, South Korea achieved rapid economic growth, with per capita income rising to roughly 17 times the level of North Korea in 1979. 3: 66 Argentina 20,700: 2017 est. - GDP: $3.3 trillion (#9 among all countries). This is equal to about one-third of total decline of all 29 countries with shrinking economies. Here are 15 mind-blowing facts about Monaco, from the number of millionaires who live there to the number of police officers per resident. - GDP per capita: $25,155 (4.5% 2009-2019 annual growth) Andorra in particular benefits from its status as a free economic zonevery low or no taxesand being a tourism hotspot with the sector contributing 80% to its economy. Our research showed that Palo Alto is the city with the highest number of billionaires per capita, where 195.07 out of 1,000,000 people are billionaires. After Germany and France, the United Kingdom is the third largest economy in Europe. - GDP: $77.1 billion (#97 among all countries). With 89 million foreign tourists in 2017, France is the world's most highly visited country. Government corruption scandals have also hampered the economy, which largely depends on manufacturing of goods like textiles, shoes, and motor vehicles; agriculture of crops like coffee, soybeans, and sugarcane; and services like hospitality and finance. Heres a look at the size of every countrys economy in 2023, according to IMFs estimates. Some of the countries which made it into the top 20 richest countries in the world in 2017 were Iceland, Saudi Arabia, United States, United Arab Emirates, and Ireland. Tourism continues to grow, and the number of visitors in 2017 was greater than the population of Mauritius. About 50 years ago, Botswana was one of the poorest countries in the world, and today it's a solidly middle-income country. Central Park is about 840 acres or 1.31 square miles in size, making Monaco roughly 60% of the size of the world-famous park. The industries of biotechnology, tourism, and software production have shown particular promise. The energy sector represents much of the country's economic activity. A key element of these indexes is that they remove these price differences and convert into a common currency in order to show relative economic prosperity. - GDP per capita: $19,228 (6.2% 2009-2019 annual growth) Though a landlocked country, Luxembourg has managed to become the richest country in the world, with a PPP per capita value of $118,503.6. The stable political and economic situation, and top-notch infrastructure, make Switzerland an enviable place to do business. note 2: Canada has more fresh water than any other country and almost 9% of World Monaco, a sovereign city-state on the French Riviera, is known as a "Billionaires' Playground." Life Cycle Emissions: EVs vs. Others have been replaced all together, with Iceland, Denmark, and Australia falling out of the top 10, replaced by Macao, the UAE, and San Marino. WebWorld Bank national accounts data, and OECD National Accounts data files. - GDP: $350.2 billion (#52 among all countries). DataBank. Median income can be calculated by household income, by personal income, or for specific demographic groups. - GDP: $630.5 billion (#34 among all countries). The country saw a downturn in 2020, but projections indicate slowing growth from 2021 to 2025. This map looks at the worlds 25 poorest countries by this metric. WebKenya $276.22 billion. WebThis is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. GDP per capita, consumption per capita and price Bananas, mangos, and avocados are also grown for export. Its chief sectors include tourism, shipping, oil refining, and international trade. Seeing how crowded and dynamic they are, it becomes difficult to find your oasis of peace. WebThe difference in the Roman and Byzantine GDP (PPP) per capita is due to the authors operating with differing conversion rates for the subsistence level: $300 in the Roman case (2.1 x $300 = ~$633), $400 in the Byzantine one (1.7 x $400 = $680). Monaco has the highest GDP per capita at $234,316, followed by Luxembourg at $133,590 and Bermuda at $114,090. As IMF notes, Singapores real GDP grew 2.7 % year-on-year in the first quarter of 2017. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Countries or territories by GDP (nominal) per capita in 2023 >$60,000 $50,000 - $60,000 $40,000 - $50,000 $30,000 - $40,000 $20,000 - $30,000 $10,000 - $20,000 $5,000 - $10,000 $2,500 - $5,000 $1,000 - $2,500 $500 - $1,000 <$500 No data GDP per Capita restrictions, which you can review below. Distribution of Global GDP by The United States can boast the world's largest economy, committing over $21 trillion dollars and a quarter of the world's GDP. - GDP: $93.3 billion (#92 among all countries). . - GDP: $107.3 billion (#83 among all countries). On the other hand, Israel and Japan drop out of the richest countries in Asia when using PPP calculations, with countries like Saudi Arabia and Bahrain edging them out. Dubai is the second-largest of the seven city-states in the UAE. - GDP per capita: $12,444 (2.4% 2009-2019 annual growth) Luxembourg has a small but stable economy that is known for its steady growth and low inflation. The U.S. is expected to continue being the biggest economy in 2023 with a projected GDP of $26.9 trillion for the year. Income GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Disposable household and per capita income, "Income Distribution - Median equivalised disposable income - OECD Data", Patents, trademarks, and industrial design filing activity, Number of broadband Internet subscriptions, https://en.wikipedia.org/w/index.php?title=Median_income&oldid=1161299025, Creative Commons Attribution-ShareAlike License 4.0. These cities provide for a sense of safety, and I do not just mean in terms of getting your life sorted out, but also in terms of low crime rates which characterize them. Ukraines emerging free-market economy has been in the throes of economic whiplash. WebWFB The World Factbook. Food processing, chemicals, petroleum refining, and electrical machinery make up the bulk of the economy. Cite this work. If you are up to date on the life of any celebrity, chances are you have found yourself turning into a green-eyed monster called Jealousy while going through their social media profiles. continent's GDP (PPP) World: 174,471: 100.0: 1: 100 countries with highest GDP per capita, Highest paying metros for elementary school teachers, Stock market history from the year you were born, 100 best films of the 21st century, according to critics, doesn't take mitigating factors into account, most standardized, easily understandable way, second highest amount of natural gas reserves, main industries are banana production and tourism, thousands of street vendors and microenterprises, hurricane that ripped through Albania in 2019, complicated bureaucracies, high taxes, and complex customs regulations, Tourism, fisheries, and subsistence agriculture, agriculture sector focused on exports, well-educated workforce, and high social spending, a score of other issues have plagued the country, still the lowest of all the member states, strong financial institutions and excellent economic policy, economic growth slow down in recent years. WebIn 1995, the GDP per capita of Beijing, Tianjin, and Shanghai reached more than 1,000 US dollars; by 2000, there were 10 provinces with GDP per capita exceeding 1,000 US dollars, of which Beijing, Tianjin, and Shanghai exceeded 2,000 US dollars. As data shows, GDP of the whole Paris region is equivalent to that of Netherlands. This 3D map shows the country's largest economic output. Cities may be defined as the cities proper, the extent of their urban area, or their Top 10 Richest Arab Countries in You just wish you too had the opportunity to visit Dubai and enjoy its skyline. The countrys economic growth in 2019 of 2.2% represented the countrys best financial year in half a decade. Our research showed that Palo Alto is the city with the highest number of billionaires per capita, where 195.07 out of 1,000,000 people are billionaires. - GDP per capita: $52,060 (-4.1% 2009-2019 annual growth) 2. In Europe, the usual suspects in the worlds top 10 populate most of the regions ranks. To address this concern, many economic analysts also examine Gross National Income (GNI) per capita. Mining is also the big industry in Suriname, where oil and gold make up about 85% of the country's exports. List of cities by GDP While organizations like the IMF have gotten fairly good at GDP forecasting, its still worth remembering that these are projections and assumptions made at the beginning of the year that may not hold true by the end of 2023. Filter Regions. Ever since you were little you wanted to visit New York City, and there they are, taking a selfie in front of the world-famous Empire State Building. Which is hilarious to imagine being true. Sri Lanka has in recent years been evolving from a rural- to urban-based economy. It's also the second largest export market for the U.S. and the third largest import market. of Chinese prefecture-level cities by GDP In the past, this island nation's economy was extremely dependent on banana farmingthough the government has also begun promoting Dominica as an ecotourism destination. - GDP per capita: $66,832 (1.9% 2009-2019 annual growth) - GDP: $376.3 billion (#50 among all countries). However, much like with anything else, there are two sides to the medal. WebNumber of poultry birds. Tourism accounts for about 20% of Montenegro's GDPevery (pre-pandemic) year, three times as many tourists as there are residents visit the country. It also has a high amount of agriculture, mostly grain and livestock. 1500. cities with the highest GDP - GDP per capita: $13,246 (3.9% 2009-2019 annual growth) Today, it's a leading exporter of electrical appliances, electronic parts, and other components. These countries consistently rank among the top in terms of GDP Petroleum exports account for more than half of GDP and92% of Kuwait's export revenues. WebGDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. This is not the first time that we have decided to do our research on the richest cities in the world. The same family has ruled Brunei for more than six centuries, from its time as a regional power that controlled Borneo and parts of the Philippines, to its tenure as British protectorate in the 1800s, to its progress as an independent nation today. The second richest country in the world is Luxembourg, while Singapore comes third. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Ranked: The Worlds Top Cobalt Producing Countries. The continent had a cumulative GDP of about $20 trillion against a population of 360 million people. The figures exceeded the countrys average of CAD$ 53,870. Abu Dhabi is the largest. Per capita South Korea is of the 20th century's most impressive success stories. WebA country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is 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.
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