* indicates monthly or quarterly data series

GDP per capita, Purchasing Power Parity, 2024:

The average for 2024 based on 27 countries was 56043 U.S. dollars. The highest value was in Luxembourg: 128182 U.S. dollars and the lowest value was in Bulgaria: 34083 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

Measure: U.S. dollars; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries GDP per capita, PPP, 2024 Global rank Available data
Luxembourg 128182 1 1990 - 2024
Ireland 115337 2 1990 - 2024
Denmark 73709 3 1990 - 2024
Netherlands 70902 4 1990 - 2024
Austria 63314 5 1990 - 2024
Sweden 63259 6 1990 - 2024
Belgium 63083 7 1990 - 2024
Germany 62830 8 1990 - 2024
Malta 60470 9 1990 - 2024
Finland 55629 10 1990 - 2024
France 54465 11 1990 - 2024
Cyprus 53252 12 1990 - 2024
Italy 53115 13 1990 - 2024
Slovenia 48496 14 1990 - 2024
Spain 48373 15 1990 - 2024
Czechia 47962 16 1990 - 2024
Lithuania 47169 17 1990 - 2024
Poland 45113 18 1990 - 2024
Croatia 42631 19 1990 - 2024
Portugal 41884 20 1990 - 2024
Estonia 41546 21 1990 - 2024
Hungary 40702 22 1990 - 2024
Romania 40608 23 1990 - 2024
Slovakia 40347 24 1990 - 2024
Latvia 38936 25 1990 - 2024
Greece 37753 26 1990 - 2024
Bulgaria 34083 27 1990 - 2024


New - World map: GDP per capita, PPP




Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.
Is the world income inequality getting smaller?

If poor countries grow faster than rich countries, over time they will catch up in terms of their level of income measured by GDP per capita in PPP terms. This process is called income convergence. Alternatively, incomes would diverge if the rich countries grow more rapidly than poor countries. If economic growth is the same everywhere, then the differences in income across countries would remain the same. There are two main reasons for why incomes across countries might converge over time.

Technology spillover. One reason is that innovations and technologies that are developed in the rich countries soon become available in the poor countries. That happens, for example, through foreign direct investment as companies from the rich countries bring new technologies to the poor countries. When the same technology is available everywhere, then incomes would also tend to become equal over time because technology is an important ingredient of economic development.

Based on that argument, incomes would converge faster if a poor country is ready to use the advanced technology. If it has an educated work force and stable political and economic conditions, the technological spillover is more likely to occur. Conversely, if its education system and institutions are not well developed, the new technology cannot be adopted. The income of the country will lag behind the income of countries with better education and institutions.

Diminishing returns. The second reason is that investments in the rich countries are less profitable than investments in the poor countries. Think of it as follows. If an accounting firm (in a rich country) has 10 computers, one more computer will make little difference. If an accounting firm (in a poor country) has no computers at all, then buying one computer would make a big difference. The investment in that first computer would pay off handsomely. Therefore, international investment would flow primarily from the rich countries to the poor countries where profits are greater. This inflow of investment will make poor countries richer.

However, returns could also be increasing, instead of diminishing. In the example above, if the firm has many computers and much experience using them, an additional computer will be put to good use. If it has only one computer, then it may not know what to do with it. In that version of the story, adding investments to already rich firms or countries is more profitable. Then, investment flows to them and makes them even richer. Incomes around the world diverge instead of converging.

What is the evidence? There is income convergence across countries that are already fairly affluent. For example, incomes have converged significantly in the European Union and other rich countries in North America and elsewhere. Looking more broadly, there is no evidence that the incomes of poor countries in Africa, Latin America and elsewhere have gained relative to the rich countries. In fact, when it comes to the poorest countries, there has even been some income divergence.


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