Income Per Capita By Country Europe

The map data is for year 2019 using imf data weo april 2018 edition gdp nominal per capita current international dollar 40 000 15 000 40 000 15 000.

Income per capita by country europe. High income in purple 12 536 or more as defined by the world bank upper middle income in orange 4 045 and 12 536 and lower middle income 1 036 and 4 045 in red. 2018 2019 change europe world europe world. These are the ten countries of europe with richest population living among them. Of rank ppp nom.

Countries with the lowest median income include libera burundi mali benin togo sierra leone and madagascar. According to 2013 data from gallup the median household income worldwide is 9 733. This is a map of european countries by gni gross national income nominal per capita for year 2019. The average income is calculated by gross national income and population.

However this is problematic because gdp per capita is not a measure of personal income. Map of sovereign states in europe by projected 2019 gdp nominal per capita based on usd exchange rate. The dispersion in gdp per capita across the eu member states is quite remarkable. The countries with the highest median incomes are.

The gross domestic product per capita in european union was last recorded at 37104 us dollars in 2019. The per capita income of 110 697 makes luxembourg the richest nation in all over europe in terms of per capita income. This list contains projected gdp per capita nominal and ppp of top 50 countries economies in current prices of year 2019 and 2020 by imf alongside their world rank compare to world s average gdp growth rate and gdp. 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.

On dividing all annual incomes and profits by the amount of the countrie s population it will show the average income per capita. Countries volume indices of gdp per capita are shown in the left hand part of table 1. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. All of these nations have a staggering economy and its citizens enjoy a very high standard of living.

For the current 2021 fiscal year low income economies are defined as those with a gni per capita. Gdp per capita is often considered an indicator of a country s standard of living. Luxembourg has by far the highest gdp per capita among all the 37 countries included in this comparison being more than two and a half times above the eu 27 average. The gdp per capita in european union is equivalent to 294 percent of the world s average.