OECD members GDP Per Capita 1960-2024 (2024)

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What is the GDP per capita of the OECD members? ›

Data are in current U.S. dollars. OECD members gdp per capita for 2022 was $43,476, a 1.74% increase from 2021. OECD members gdp per capita for 2021 was $42,731, a 11.27% increase from 2020. OECD members gdp per capita for 2020 was $38,402, a 2.98% decline from 2019.

OECD members gdp for 2022 was $59,849.88B, a 2.09% increase from 2021. OECD members gdp for 2021 was $58,623.79B, a 11.47% increase from 2020. OECD members gdp for 2020 was $52,590.37B, a 2.45% decline from 2019. OECD members gdp for 2019 was $53,912.94B, a 0.96% increase from 2018.

World gdp per capita for 2022 was $12,688, a 3.02% increase from 2021. World gdp per capita for 2021 was $12,316, a 12.95% increase from 2020. World gdp per capita for 2020 was $10,904, a 3.83% decline from 2019. World gdp per capita for 2019 was $11,338, a 0.36% increase from 2018.

In 1950, US GDP per capita was $1,974, adjusted for inflation that is $25,600 in 2024 dollars. Meanwhile China's nominal GDP per capita in 2023 was $13,155 or $24,800 in PPP. How was US richer per person in 1950 than China in 2024?? China's economy is much more advanced than US economy in 1950.

Among the OECD countries, Costa Rica had the highest share of children living in poverty, reaching 28.5 percent in 2022. Türkiye followed with a share of 22 percent of children living in poverty, while 20.5 percent of children in Spain, Chile, and the United States did the same.

Chile, Mexico and Turkey had the highest income inequality. OECD Anglophone countries had levels of inequality around or above the OECD average.

Luxembourg, with its high GDP per capita and strong financial sector, is the richest country in the world. The nation is known for using wealth to ensure better living standards, healthcare, and education for the general populace.

Luxembourg, whose financial sector makes up 25% of its GDP, is the world's richest country by GDP per capita. With a population of just 660,000, the country is also considered a tax haven, incentivizing foreign investment due to its favorable tax policies.

Top 10 Richest Countries Worldwide by GDP per capita in 2024: Luxembourg is the world's wealthiest country, with a GDP per capita of $143,742 thousand, according to the IMF. This is largely due to its strategic location in central Europe and its strong financial services sector.

The average person on Earth is now 4.4 times richer than their ancestors were in 1950, according to an analysis by Max Roser, founder and editor of Our World in Data. Why it matters: That's equivalent to the prosperity of a U.S. citizen in 1950 — when the U.S. was the world's richest country.

What was the richest country in 1960? ›

GDP per Capita in the United States averaged 40544.68 USD from 1960 until 2023, reaching an all time high of 65020.35 USD in 2023 and a record low of 18991.54 USD in 1960. This page provides - United States GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

General government expenditures amounted to 46.3% of GDP on average across oecD countries in 2021.

In 2019, prior to the pandemic, OECD countries spent on average 8.8% of GDP on healthcare, a figure relatively unchanged since 2013. By 2021, this proportion had jumped to 9.7%.

The majority of OECD members have been industrialized and are high-income economies, and are ranked as "very high" in the Human Development Index. As of 2024 their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30.

The Organization for Economic Cooperation and Development (OECD) The Organization for Economic Co-operation and Development (OECD) is a unique forum where the governments of 37 democracies with market-based economies collaborate to develop policy standards to promote sustainable economic growth.