Nordics: gdp per capita 2023 by country | Statista (2024)

FAQs

Which Nordic country has the highest GDP per Capita? ›

Norway is top of the Nordic ranking. GDP Per Capita (PPS Euro).

From a macroregional perspective, the Nordic countries form a coherent region, performing well above EU and OECD averages. However, the are some internal differences: While Sweden has the highest gross domestic product (GDP) overall, Norway has the highest GDP per capita.

The Gross Domestic Product per capita in Sweden was last recorded at 55521.43 US dollars in 2023. The GDP per Capita in Sweden is equivalent to 440 percent of the world's average.

Sweden is the largest Nordic country at around 447,000 square kilometres (175,00 square miles). In order, the next largest are: Norway – 385,000 square kilometres (150,000 square miles) Finland – 338,000 square kilometres (130,000 square miles)

Why is Norway so much richer than Sweden and Denmark, when they're so close together? In a global perspective, Norway is not much richer than our Scandinavian neighbors. Our GDP per capita is about 50% higher than Sweden's and 30% higher than Denmark's. Adjusted for purchasing power, the difference drops to about 20%.

Both Denmark and Sweden have average GDP per capita of approx. EUR 63 thousand, but GDP per capita of the Copenhagen area is EUR 79 thousand, which is approximately 50% higher than the Skåne region with EUR 52 thousand.

The Gross Domestic Product per capita in Denmark was last recorded at 61031.81 US dollars in 2023.

Yes. Norway's GDP per capita is about $75,000 per annum whereas Finland's is about $50,000. Norway also has a trillion+ dollar sovereign wealth fund accumulated over many decades where income generated by the Norwegian state oil and gas company is invested in.

Which Nordic country is the most affordable? ›

Out of all of Scandinavia, Denmark is the cheapest to visit – especially if you visit early February which is usually always the most cost-effective time to fly and stay. Fortunately there is plenty to do which is free or only a small fee.

The Gross Domestic Product per capita in Iraq was last recorded at 4136.20 US dollars in 2023.

The Gross Domestic Product per capita in Norway was last recorded at 78939.40 US dollars in 2023.

Sweden with a GDP of $556.1B ranked the 23rd largest economy in the world, while Denmark ranked 38th with $355.7B. By GDP 5-years average growth and GDP per capita, Sweden and Denmark ranked 98th vs 128th and 14th vs 12th, respectively.

What made Denmark the most powerful Scandinavian country, despite being the smallest among them? Denmark might have had a smaller land area than Norway and Sweden, but the lands Denmark did have were more valuable.