In the year 2022, which nation had a greater per capita gdp than the united states?

Countries or territories by GDP (nominal) per capita in 2022.

The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.

Therefore, these figures should be used with caution. GDP per capita is often considered an indicator of a country's standard of living;[1][2] however, this is inaccurate because GDP per capita is not a measure of personal income.

Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. (See List of countries by GDP (PPP) per capita.) PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.

Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics.

Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. Examples include Bermuda, the Cayman Islands, and Luxembourg.[3]

All data are in current United States dollars. Historical data can be found here.

Table

The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources

* Nearly all country links in the table take to articles titled "Income in country or territory" or to "Economy of country or territory".

Note: Data unavailable for the Falkland Islands, Gibraltar, Guernsey, the Holy See (Vatican City), Jersey, Niue, the Pitcairn Islands, Saint Helena, Ascension and Tristan da Cunha, Tokelau and Western Sahara.

Distorted GDP-per-capita for tax havens

Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.

For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. 2015 Irish GDP is 143% of 2015 Irish GNI*.

A stunning $12 trillion—almost 40 percent of all foreign direct investment positions globally—is completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. These investments in empty corporate shells almost always pass through well-known tax havens. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.

Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article.

Manipulation of data

A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries.[10] According to the study, this mainly applied to countries that were governed semi-authoritarian/authoritarian or did not have a functioning separation of powers. The study took the annual growth in brightness of lights at night, as measured by satellites, and compared it to officially reported economic growth. Authoritarian states had consistently higher reported growth in GDP than their growth in night lights would suggest. An effect that also cannot be explained by different economic structures, sector composition or other factors. Incorrect growth statistics can also falsify indicators such as GDP or GDP per capita.[11]

See also

• List of countries by GDP (PPP) per capita
• List of countries by GDP (nominal)
• List of IMF ranked countries by GDP, IMF ranked GDP (nominal), GDP (nominal) per capita, GDP (PPP), GDP (PPP) per capita, Population, and PPP
• List of countries by average wage
• List of countries by external debt

Notes

1. ^ Note the IMF converts Iran's nominal GDP using the official exchange rate of the rial. Kazemzadeh, Masoud (2022-05-09). The Iran National Front and the Struggle for Democracy: 1949–Present. Walter de Gruyter GmbH & Co KG. pp. 134–140. ISBN 9783110782158. Retrieved 2022-06-27. Looking at the market exchange rate of Iran's national currency, the rial, would be a better way to capture the decline of Iran's economy.
2. ^ a b c Figures exclude special administrative regions of Hong Kong and Macau.
3. ^ The name used in IMF report is "West Bank and Gaza"
4. ^ The UN figure excludes autonomous region of Zanzibar.

References

1. ^ O'Sullivan, Arthur
2. ^ French President seeks alternatives to GDP, The Guardian 14-09-2009.
   "European Parliament, Policy Department Economic and Scientific Policy: Beyond GDP Study" (PDF). (1.47 MB)
3. ^ Richard Phillips; Matt Gardner; Alexandria Robins; Michelle Surka (2017). "Offshore Shell Games 2017" (PDF). Institute on Taxation and Economic Policy.
4. ^ "World Economic Outlook Database, October 2022". IMF.org. International Monetary Fund. 11 October 2022. Retrieved 13 October 2022.
5. ^ "GDP per capita (current US$)". World Development Indicators. The World Bank. Retrieved 18 October 2022.{{cite web}}: CS1 maint: url-status (link)
6. ^ [1], (Select all countries, "GDP, Per Capita GDP - US Dollars", and "2020" to generate the table), United Nations Statistics Division. Access date: 18 October 2022.
7. ^ "GDP: Preliminary estimate for 2021 Q1 and outlook for 2021" (PDF). eng.stat.gov.tw. Retrieved 2021-07-02.
8. ^ "國民所得統計摘要" (PDF). eng.stat.gov.tw (in Chinese (Taiwan)). Retrieved 2021-07-02.
9. ^ "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. 55, NO. 2". IMF Finance & Development. June 2018.
10. ^ "A study of lights at night suggests dictators lie about economic growth". The Economist. ISSN 0013-0613. Retrieved 2022-10-25.
11. ^ Martínez, Luis R. (2022-10-01). "How Much Should We Trust the Dictator's GDP Growth Estimates?". Journal of Political Economy. 130 (10): 2731–2769. doi:10.1086/720458. ISSN 0022-3808.

External links

• Chart of GDP per capita at current US$ prices by Google, World Bank data
• World Map and Chart of GDP per capita at current prices by Lebanese-economy-forum, World Bank data

What country has the highest GDP per capita 2022?

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What country has highest GDP per capita?

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