Source | International Monetary Fund World Economic Outlook (October-2023) |
Date | 06 Mar 2024 |
Luxembourg is the richest economy in Europe, followed by Ireland and Switzerland. These three have gdp per capita of above 100k US dollars. Thirty-five economies would have per capita gdp above $10,000. Ukraine is the poorest economy in Europe.
In 2023, Ireland and Switzerland would overtake Norway to become the 2nd and 3rd richest economy in Europe, resp. San Marino and Austria would surpass Sweden. Europe hosts the top four richest economies in the world, and a total of six economies is in the list of the top ten richest economies in the world, and 28 economies are within the top 50 world gdp per capita ranking. Only three economies are out of top 100 lists.
Out of 42 economies, four European economies would see a decrease in 2023 compared to 2022. Switzerland will add $9,208 in 2023, followed by Luxembourg ($9,007), and Ireland ($937). Norway, Russia, Sweden and Belarus are the four decliners.
In ppp data, Luxembourg and Ireland have gdp per capita of above 100k Int. Dollars. Twenty economies would have per capita gdp above Int. $50,000, and all economies have above Int $10,000. Spain and Lithuania would overtake Czech Republic. Five European economies are in the list of the top ten richest economies globally, and 28 economies are within the top 50 world gdp per capita ranking. Ukraine is the poorest economy in Europe in ppp terms.
Out of 42 economies, none of the European economies would see a decrease in 2023 compared to 2022. Ireland will add Int. $5,279 in 2023, followed by San Marino (Int. $4,502), and Norway ($4,222).
Country/Economy | GDP per capita ($) | % of | Rank | ||||
---|---|---|---|---|---|---|---|
2023 | 2024 | Change | Europe | World | Europe | World | |
Albania | 7,957 | 8,924 | 968 | 25 | 72.6 | 36 | 86 |
Andorra | 43,785 | 44,900 | 1,115 | 125 | 366 | 16 | 26 |
Austria | 57,081 | 59,225 | 2,144 | 165 | 482 | 9 | 14 |
Belarus | 7,820 | 7,558 | -262 | 21 | 61.5 | 39 | 95 |
Belgium | 53,659 | 55,536 | 1,877 | 154 | 452 | 11 | 16 |
Bosnia and Herzegovina | 7,857 | 8,416 | 559 | 23 | 68.5 | 37 | 89 |
Bulgaria | 15,854 | 16,943 | 1,088 | 47 | 138 | 32 | 65 |
Croatia | 21,347 | 22,966 | 1,619 | 64 | 187 | 30 | 55 |
Czech Republic | 30,600 | 29,801 | -799 | 83 | 243 | 22 | 42 |
Denmark | 68,300 | 68,898 | 598 | 191 | 561 | 6 | 10 |
Estonia | 29,839 | 31,855 | 2,016 | 89 | 259 | 21 | 40 |
Finland | 54,008 | 55,127 | 1,119 | 153 | 449 | 12 | 17 |
France | 46,001 | 47,359 | 1,358 | 132 | 386 | 15 | 25 |
Germany | 52,727 | 54,291 | 1,564 | 151 | 442 | 13 | 19 |
Greece | 22,805 | 23,966 | 1,161 | 67 | 195 | 27 | 49 |
Hungary | 22,147 | 23,319 | 1,172 | 65 | 190 | 28 | 52 |
Iceland | 79,998 | 84,594 | 4,596 | 235 | 689 | 5 | 7 |
Ireland | 104,272 | 106,059 | 1,787 | 295 | 863 | 2 | 2 |
Italy | 38,326 | 39,580 | 1,254 | 110 | 322 | 18 | 28 |
Kosovo | 5,917 | 6,389 | 472 | 18 | 52.0 | 41 | 105 |
Latvia | 23,153 | 24,194 | 1,040 | 67 | 197 | 26 | 48 |
Lithuania | 27,026 | 28,407 | 1,381 | 79 | 231 | 24 | 45 |
Luxembourg | 129,810 | 131,384 | 1,574 | 365 | 1,070 | 1 | 1 |
North Macedonia | 7,158 | 7,694 | 535 | 21 | 62.6 | 38 | 93 |
Malta | 38,674 | 41,738 | 3,065 | 116 | 340 | 17 | 27 |
Moldova | 6,832 | 7,488 | 656 | 21 | 61.0 | 40 | 96 |
Montenegro | 11,696 | 12,646 | 949 | 35 | 103 | 34 | 76 |
Netherlands | 62,719 | 63,750 | 1,031 | 177 | 519 | 7 | 12 |
Norway | 87,739 | 94,660 | 6,921 | 263 | 771 | 4 | 4 |
Poland | 21,996 | 23,014 | 1,018 | 64 | 187 | 29 | 54 |
Portugal | 27,880 | 28,969 | 1,089 | 80 | 236 | 23 | 43 |
Romania | 18,176 | 19,530 | 1,354 | 54 | 159 | 31 | 60 |
Russia | 13,648 | 14,391 | 743 | 40 | 117 | 33 | 69 |
San Marino | 57,259 | 59,405 | 2,146 | 165 | 484 | 8 | 13 |
Serbia | 11,327 | 12,384 | 1,057 | 34 | 101 | 35 | 78 |
Slovak Republic | 24,337 | 25,935 | 1,598 | 72 | 211 | 25 | 47 |
Slovenia | 32,233 | 34,026 | 1,793 | 95 | 277 | 20 | 37 |
Spain | 33,071 | 34,045 | 974 | 95 | 277 | 19 | 36 |
Sweden | 56,225 | 58,529 | 2,304 | 163 | 476 | 10 | 15 |
Switzerland | 100,413 | 105,669 | 5,256 | 294 | 860 | 3 | 3 |
Ukraine | 5,337 | 5,663 | 325 | 16 | 46.1 | 42 | 115 |
United Kingdom | 49,099 | 51,075 | 1,976 | 142 | 416 | 14 | 23 |
Europe | 34,594 | 35,990 | 1,396 | 273.25 |
Country/Economy | GDP per capita (Int. $) | % of | Rank | PPP/Nom | ||||
---|---|---|---|---|---|---|---|---|
2023 | 2024 | Change | Europe | World | Europe | World | ||
Albania | 19,485 | 20,632 | 1,148 | 40 | 110 | 38 | 85 | 2.312 |
Andorra | 67,638 | 69,146 | 1,508 | 133 | 369 | 11 | 21 | 1.540 |
Austria | 67,738 | 69,460 | 1,723 | 133 | 371 | 9 | 19 | 1.173 |
Belarus | 24,370 | 25,685 | 1,315 | 49 | 137 | 36 | 76 | 3.399 |
Belgium | 66,021 | 68,079 | 2,058 | 131 | 364 | 12 | 22 | 1.226 |
Bosnia and Herzegovina | 19,595 | 20,623 | 1,028 | 40 | 110 | 39 | 86 | 2.450 |
Bulgaria | 33,976 | 35,963 | 1,988 | 69 | 192 | 33 | 62 | 2.123 |
Croatia | 43,233 | 45,702 | 2,470 | 88 | 244 | 25 | 46 | 1.990 |
Czech Republic | 49,347 | 50,475 | 1,128 | 97 | 270 | 22 | 42 | 1.694 |
Denmark | 74,457 | 77,641 | 3,184 | 149 | 415 | 6 | 12 | 1.127 |
Estonia | 44,269 | 45,122 | 854 | 87 | 241 | 27 | 48 | 1.417 |
Finland | 59,425 | 60,851 | 1,426 | 117 | 325 | 15 | 27 | 1.104 |
France | 58,647 | 60,339 | 1,692 | 116 | 322 | 16 | 29 | 1.274 |
Germany | 65,584 | 67,245 | 1,660 | 129 | 359 | 14 | 24 | 1.239 |
Greece | 39,395 | 41,188 | 1,793 | 79 | 220 | 31 | 56 | 1.719 |
Hungary | 43,567 | 45,692 | 2,124 | 88 | 244 | 26 | 47 | 1.959 |
Iceland | 71,969 | 73,784 | 1,814 | 142 | 394 | 8 | 17 | 0.872 |
Ireland | 130,915 | 133,895 | 2,980 | 257 | 715 | 2 | 3 | 1.262 |
Italy | 55,144 | 56,905 | 1,761 | 109 | 304 | 18 | 33 | 1.438 |
Kosovo | 15,788 | 16,775 | 987 | 32 | 89.6 | 41 | 102 | 2.626 |
Latvia | 40,002 | 41,730 | 1,728 | 80 | 223 | 30 | 55 | 1.725 |
Lithuania | 47,906 | 50,600 | 2,695 | 97 | 270 | 21 | 41 | 1.781 |
Luxembourg | 141,380 | 143,743 | 2,363 | 276 | 768 | 1 | 1 | 1.094 |
North Macedonia | 21,154 | 22,249 | 1,095 | 43 | 119 | 37 | 80 | 2.892 |
Malta | 63,230 | 67,682 | 4,451 | 130 | 362 | 13 | 23 | 1.622 |
Moldova | 16,734 | 17,902 | 1,168 | 34 | 95.7 | 40 | 97 | 2.391 |
Montenegro | 27,964 | 29,696 | 1,731 | 57 | 159 | 34 | 68 | 2.348 |
Netherlands | 72,403 | 74,158 | 1,755 | 142 | 396 | 7 | 16 | 1.163 |
Norway | 80,144 | 82,832 | 2,688 | 159 | 443 | 5 | 10 | 0.875 |
Poland | 46,412 | 49,060 | 2,649 | 94 | 262 | 23 | 43 | 2.132 |
Portugal | 45,224 | 47,070 | 1,846 | 90 | 252 | 24 | 44 | 1.625 |
Romania | 40,839 | 43,179 | 2,340 | 83 | 231 | 29 | 53 | 2.211 |
Russia | 35,401 | 38,292 | 2,891 | 74 | 205 | 32 | 60 | 2.661 |
San Marino | 84,107 | 86,989 | 2,882 | 167 | 465 | 4 | 8 | 1.464 |
Serbia | 26,305 | 27,985 | 1,680 | 54 | 150 | 35 | 70 | 2.260 |
Slovak Republic | 42,170 | 44,081 | 1,910 | 85 | 236 | 28 | 50 | 1.700 |
Slovenia | 51,055 | 53,287 | 2,232 | 102 | 285 | 19 | 38 | 1.566 |
Spain | 50,436 | 52,012 | 1,576 | 100 | 278 | 20 | 40 | 1.528 |
Sweden | 68,000 | 69,177 | 1,177 | 133 | 370 | 10 | 20 | 1.182 |
Switzerland | 89,243 | 91,932 | 2,688 | 176 | 491 | 3 | 7 | 0.870 |
Ukraine | 14,704 | 15,464 | 760 | 30 | 82.6 | 42 | 110 | 2.731 |
United Kingdom | 57,492 | 58,880 | 1,388 | 113 | 315 | 17 | 31 | 1.153 |
Europe | 50,035 | 52,086 | 2,051 | 236.35 |