Comparison of Economies, 2002


Please note: This page has been superceded by this one. The data for 2003 can be obtained by clicking here.


Do you sometimes wonder how your country's economy compares to the economies of other countries in the world? In the table below I tried to arrange as many countries as I could, showing their financial indices and population data. The numbers were taken from the CIA 2002 factbook. (1) I included countries according to the following criteria. The country must:

The first clause excludes dependent territories, such as some islands in the Atlantic, where a few retired millionaires create a biased view of the area's GDP per capita. The second clause(2) excludes the least populated countries.

DISCLAIMER: Please do not blame me for the accuracy(3) of the data. All I did was that I took some numbers from the above source and arranged them in a table!(4)

If you are interested in past years, (5) here are the tables for 2001, 2000, 1999 and 1998.

The table below is sorted first by GDP per capita (descending), and then by GDP growth rate (also descending).

Sorting countries according to GDP per capita does not provide the best indication of each nation's living standards. The latter is a multi-dimensional concept that cannot be captured by a single number. Other important factors regarding living standards are:

2
0
0
2

Country

GDP per
Capita

GDP
Growth
Rate

GDP
(billion $)

Distr. of
Income
(Gini index)

Inflation

Population

Popul.
Growth

Infant
Mortality
(per 1000
live births)

2
0
0
1
2
0
0
0
1
9
9
9
1 United States $36,300 0.3% $10,082.00 40.8 2.8% 280,562,489 0.89% 6.69 1 1 1
2 Switzerland $31,100 1.6% $226.00 33.1 1.0% 7,301,994 0.24% 4.42 2 3 2
3 Norway $30,800 1.3% $138.70 25.8 3.1% 4,525,116 0.47% 3.90 3 4 4
4 Denmark $28,000 1.1% $149.80 24.7 2.4% 5,368,854 0.29% 4.97 5 6 6
5 Canada $27,700 1.9% $875.00 31.5 2.8% 31,902,268 0.96% 4.95 9 9 11
6 Ireland $27,300 5.6% $104.70 35.9 4.9% 3,883,159 1.07% 5.43 19 19 19
7 Japan $27,200 -0.3% $3,450.00 24.9 -0.6% 126,974,628 0.15% 3.84 8 8 7
8 Austria $27,000 1.2% $220.00 23.1 2.6% 8,169,929 0.23% 4.39 7 7 8
9 Germany $26,200 0.6% $2,174.00 30.0 2.4% 83,251,851 0.26% 4.65 12 12 13
10 Belgium $26,100 1.1% $267.70 25.0 2.4% 10,274,595 0.15% 4.64 6 5 5
11 Netherlands $25,800 1.1% $413.00 32.6 4.5% 16,067,754 0.53% 4.31 10 11 12
12 Finland $25,800 0.6% $133.50 25.6 2.6% 5,183,545 0.14% 3.76 14 17 17
13 France $25,400 2.1% $1,510.00 32.7 1.7% 59,765,983 0.35% 4.41 11 10 10
14 United Kingdom $24,700 2.4% $1,470.00 36.1 1.8% 59,778,002 0.21% 5.45 16 15 15
15 Sweden $24,700 1.6% $219.00 25.0 2.7% 8,876,744 0.02% 3.44 17 18 18
16 Singapore $24,700 -2.2% $106.30 NA 1.5% 4,452,732 3.46% 3.60 4 2 3
17 Italy $24,300 1.8% $1,402.00 27.3 2.7% 57,715,625 0.05% 5.76 18 16 16
18 Australia $24,000 2.3% $465.90 35.2 4.3% 19,546,792 0.96% 4.90 13 14 14
19 Qatar $21,200 5.6% $16.30 NA 2.0% 793,341 3.02% 20.73 20 24 22
20 U.A.E.(6) $21,100 5.6% $51.00 NA 4.5% 2,445,989 1.58% 16.12 15 21 21
21 Israel $20,000 -0.6% $119.00 35.5 1.1% 6,029,529 1.48% 7.55 21 20 20
22 New Zealand $19,500 3.1% $75.40 NA 2.6% 3,908,037 1.12% 6.18 23 22 23
23 Spain $18,900 2.8% $757.00 32.5 3.8% 40,077,100 0.09% 4.85 22 23 25
24 Korea, South $18,000 3.3% $865.00 31.6 4.3% 48,324,000 0.85% 7.58 26 30 30
25 Greece $17,900 3.7% $189.70 32.7 3.4% 10,645,343 0.20% 6.25 25 27 27
26 Portugal $17,300 1.7% $174.10 35.6 4.4% 10,084,245 0.18% 5.84 28 26 26
27 Taiwan $17,200 -2.2% $386.00 32.6 0.5% 22,548,009 0.78% 6.80 24 25 24
28 Slovenia $16,000 4.0% $31.00 28.4 8.4% 1,932,917 0.14% 4.47 33 33 34
29 Kuwait $15,100 4.0% $30.90 NA 2.7% 2,111,561 3.33% 10.87 29 13 9
30 Czech Republic $14,400 3.4% $147.90 26.0 4.7% 10,256,760 -0.07% 5.46 31 32 32
31 Cyprus(7) $13,944 = $15,000 & $7,000 2.6% & 0.8% $9.10 & $1.10 NA 1.9% & 53.2% 767,314 0.57% 7.71 30 29 29
32 Bahrain $13,000 4.0% $8.40 NA 1.5% 656,397 1.67% 19.18 27 28 28
33 Hungary $12,000 3.9% $120.90 25.3 9.2% 10,075,034 -0.30% 8.77 34 46 45
34 Argentina $12,000 -4.6% $453.00 NA 4.0% 37,812,817 1.13% 17.20 32 36 33
35 Slovakia $11,500 3.0% $62.00 26.3 7.4% 5,422,366 0.14% 8.76 38 41 41
36 Mauritius $10,800 5.2% $12.90 0.4 4.2% 1,200,206 0.86% 16.65 36 35 36
37 Saudi Arabia $10,600 1.6% $241.00 NA 1.7% 23,513,330 3.27% 49.59 35 38 38
38 Estonia $10,000 4.7% $14.30 37.0 5.8% 1,415,681 -0.52% 12.32 40 58 57
39 Chile $10,000 3.1% $153.00 57.5 3.5% 15,498,930 1.09% 9.12 39 31 31
40 South Africa $9,400 2.6% $412.00 59.3 5.8% 43,647,658 0.02% 61.78 46 51 48
41 Uruguay $9,200 -1.5% $31.00 42.3 3.6% 3,386,575 0.79% 14.25 42 42 39
42 Trinidad & Tobago $9,000 4.0% $10.60 NA 5.6% 1,163,724 -0.52% 24.20 41 39 43
43 Malaysia $9,000 0.3% $200.00 49.2 1.5% 22,662,365 1.91% 19.66 37 34 35
44 Mexico $9,000 -0.3% $920.00 51.9 6.5% 103,400,165 1.47% 24.52 43 40 42
45 Poland $8,800 1.5% $339.60 32.7 5.3% 38,625,478 -0.02% 9.17 45 49 47
46 Costa Rica $8,500 0.3% $31.90 45.9 12.1% 3,834,934 1.61% 10.87 56 50 49
47 Russia $8,300 5.2% $1,200.00 39.9 21.9% 144,978,573 -0.33% 19.78 47 72 73
48 Croatia $8,300 4.0% $36.10 29.0 5.0% 4,390,751 1.12% 7.06 67 63 60
49 Oman $8,200 7.4% $21.50 NA 1.0% 2,713,462 3.41% 21.77 48 43 44
50 Belarus $8,200 4.1% $84.80 21.7 46.1% 10,335,382 -0.14% 14.12 49 61 58
51 Latvia $7,800 6.3% $18.60 32.0 2.5% 2,366,515 -0.77% 14.96 52 74 70
52 Botswana $7,800 4.7% $12.40 NA 6.6% 1,591,232 0.18% 64.72 57 75  
53 Lithuania $7,600 4.8% $27.40 34.0 1.3% 3,601,138 -0.25% 14.34 50 65 63
54 Libya $7,600 3.0% $40.00 NA 13.6% 5,368,585 2.41% 27.90 44 45 51
55 World $7,600 2.2% $47,000.00 NA NA 6,233,821,945 1.23% 51.55 53 52 53
56 Brazil $7,400 1.9% $1,340.00 59.1 7.7% 176,029,560 0.87% 35.87 59 57 55
57 Romania $6,800 4.8% $152.70 30.5 34.5% 22,317,730 -0.21% 18.88 66 77 72
58 Turkey $6,700 -6.5% $443.00 41.5 69.0% 67,308,928 1.20% 45.77 54 56 52
59 Tunisia $6,600 4.8% $64.50 41.7 2.7% 9,815,644 1.12% 27.97 58 59 59
60 Thailand $6,600 1.4% $410.00 41.4 1.6% 62,354,402 0.88% 29.50 55 54 56
61 Iran $6,400 5.0% $426.00 NA 13.0% 66,622,704 0.77% 28.07 60 62 62
62 Colombia $6,300 1.5% $255.00 57.1 7.6% 41,008,227 1.60% 23.21 64 55 54
63 Bulgaria $6,200 4.0% $48.00 34.1 7.5% 7,621,337 -1.11% 14.18 62 70 69
64 Venezuela $6,100 2.7% $146.20 48.8 12.3% 24,287,670 1.52% 24.58 63 44 40
65 Kazakhstan $5,900 12.2% $98.10 35.4 8.5% 16,741,519 0.10% 58.95 70 85  
66 Panama $5,900 1.4% $16.90 48.5 1.0% 2,882,329 1.26% 19.57 65 47 46
67 Dominican Rep. $5,800 1.5% $50.00 47.4 5.0% 8,721,594 1.61% 33.41 68 60 61
68 Algeria $5,600 3.8% $177.00 35.3 3.0% 32,277,942 1.68% 39.15 69 66 65
69 Gabon $5,500 2.5% $6.70 NA 1.5% 1,233,353 0.97% 93.50 61 53  
70 Fiji $5,200 1.0% $4.40 NA 3.0% 856,346 1.41% 13.72 51 48 50
71 Lebanon $5,200 1.0% $18.80 NA 0.5% 3,677,780 1.36% 27.39 71 67 66
72 Peru $4,800 -0.3% $132.00 46.2 1.5% 27,949,639 1.66% 38.18 75 68 67
73 Turkmenistan $4,700 10.0% $21.50 40.8 10.0% 4,688,963 1.84% 73.21 77 111  
74 El Salvador $4,600 1.4% $28.40 50.8 3.8% 6,353,681 1.83% 27.58 79 86  
75 Paraguay $4,600 0.0% $26.20 57.7 7.2% 5,884,491 2.57% 28.75 73 80 75
76 Namibia $4,500 4.0% $8.10 NA 8.8% 1,820,916 1.19% 72.43 78 69 71
77 F.Y.R.O.M.(8) $4,400 -4.0% $9.00 NA 5.3% 2,054,800 0.41% 12.54 76 79 88
78 China $4,300 7.3% $5,560.00 40.0 0.8% 1,284,303,705 0.87% 27.25 85 78 76
79 Ukraine $4,200 9.0% $205.00 30.0 12.0% 48,396,470 -0.72% 21.14 81 103 82
80 Jordan $4,200 2.8% $21.60 36.4 1.5% 5,307,470 2.89% 19.61 87 83 77
81 Swaziland $4,200 2.5% $4.60 NA 7.5% 1,123,605 1.63% 109.43 80 73 68
82 Philippines $4,000 2.8% $335.00 46.2 6.0% 84,525,639 1.99% 27.87 82 81 78
83 Albania $3,800 7.3% $13.20 NA 3.0% 3,544,841 1.06% 38.64 92 119 87
84 Morocco $3,700 5.0% $112.00 39.5 1.0% 31,167,783 1.68% 46.49 88 82  
85 Egypt $3,700 2.5% $258.00 28.9 2.3% 70,712,345 1.66% 58.60 86 87  
86 Guatemala $3,700 2.3% $48.30 55.8 7.6% 13,314,079 2.57% 44.55 83 76 74
87 Jamaica $3,700 1.1% $9.80 36.4 6.9% 2,680,029 0.56% 13.71 84 84  
88 Guyana $3,600 2.8% $2.50 NA 6.0% 698,209 0.23% 38.37 72 95  
89 Armenia $3,350 9.6% $11.20 44.4 3.1% 3,330,099 -0.15% 41.07 93 89 79
90 Sri Lanka $3,250 -1.0% $62.70 34.4 14.2% 19,576,783 0.85% 15.65 89 93  
91 Syria $3,200 2.0% $54.20 NA 0.3% 17,155,814 2.50% 32.73 90 96  
92 Azerbaijan $3,100 9.9% $24.30 36.0 1.6% 7,798,497 0.38% 82.74 91 114 86
93 Georgia $3,100 8.4% $15.50 37.1 4.6% 4,960,951 -0.55% 51.81 74 100 81
94 Ecuador $3,000 4.3% $39.60 43.7 22.0% 13,447,494 1.96% 33.02 95 71 64
95 Indonesia $3,000 3.3% $687.00 31.7 11.5% 231,328,092 1.54% 39.40 94 90  
96 Kyrgyzstan $2,800 5.0% $13.50 40.5 7.0% 4,822,166 1.45% 75.92 96 101  
97 Honduras $2,600 2.1% $17.00 59.0 9.7% 6,560,608 2.34% 30.48 97 105  
98 Bolivia $2,600 0.0% $21.40 58.9 2.0% 8,445,134 1.69% 57.52 99 88  
99 Moldova $2,550 6.1% $11.30 40.6 9.6% 4,434,547 0.09% 42.16 102 104 83
100 India $2,500 5.0% $2,500.00 37.8 3.5% 1,045,845,226 1.51% 61.47 107 112 85
101 Uzbekistan $2,500 3.0% $62.00 33.3 23.0% 25,563,441 1.62% 71.72 105 97  
102 Nicaragua $2,500 2.5% $12.30 60.3 7.4% 5,023,818 2.09% 32.52 98 92  
103 Iraq $2,500 -5.7% $59.00 NA 60.0% 24,001,816 2.82% 57.61 100 91  
104 Lesotho $2,450 2.6% $5.30 56.0 6.9% 2,207,954 1.33% 82.57 104 102  
105 Zimbabwe $2,450 -6.5% $28.00 56.8 100.0% 11,376,676 0.05% 62.97 103 98  
106 Papua New Guinea $2,400 -2.5% $12.20 50.9 10.3% 5,172,033 2.39% 56.53 101 94  
107 Cuba $2,300 3.0% $25.50 NA 0.5% 11,224,321 0.35% 7.27 115 116  
108 Yugoslavia $2,250 5.0% $24.00 NA 40.0% 10,656,929 -0.12% 17.36 106 113 80
109 Vietnam $2,100 4.7% $168.10 36.1 -0.3% 81,098,416 1.43% 29.34 110 110  
110 Pakistan $2,100 3.3% $299.00 31.2 4.0% 147,663,429 2.06% 78.52 109 107  
111 Ghana $1,980 3.0% $39.40 39.6 25.0% 20,244,154 1.70% 55.64 111 109  
112 Guinea $1,970 3.3% $15.00 40.3 6.0% 7,775,065 2.23% 127.08 126 130  
113 Bosnia & Herzegovina $1,800 6.0% $7.00 NA 5.0% 3,964,388 0.76% 23.53 114 115 84
114 Mauritania $1,800 4.0% $5.00 37.3 4.4% 2,828,858 2.92% 75.25 108 108  
115 Gambia, The $1,770 5.7% $2.50 NA 4.0% 1,455,842 3.09% 76.39 132 135  
116 Mongolia $1,770 2.4% $4.70 33.2 11.8% 2,694,432 1.48% 51.97 113 99  
117 Bangladesh $1,750 5.6% $230.00 33.6 5.8% 133,376,684 1.59% 68.05 121 124  
118 Cameroon $1,700 4.9% $26.40 NA 2.0% 16,184,748 2.36% 68.79 116 106  
119 Haiti $1,700 -1.2% $12.00 NA 14.0% 7,063,722 1.42% 93.35 112 125  
120 Laos $1,630 5.0% $9.20 37.0 10.0% 5,777,180 2.47% 90.98 117 127  
121 Senegal $1,580 5.7% $16.20 41.3 3.3% 10,589,571 2.91% 55.41 119 120  
122 Cote d'Ivoire(9) $1,550 -1.0% $25.50 36.7 2.5% 16,804,784 2.45% 92.23 120 121  
123 Cambodia $1,500 5.3% $18.70 40.4 1.6% 12,775,324 2.24% 64.00 127 156  
124 Burma $1,500 2.3% $63.00 NA 20.0% 42,238,224 0.56% 72.11 122 129  
125 Togo $1,500 2.2% $7.60 NA 2.3% 5,285,501 2.48% 69.32 123 118  
126 Nepal $1,400 2.6% $35.60 36.7 2.1% 25,873,917 2.29% 72.36 125 132  
127 Sudan $1,360 5.5% $49.30 NA 10.0% 37,090,298 2.73% 67.14 135 145  
128 Angola $1,330 5.4% $13.30 NA 110.0% 10,593,171 2.18% 191.66 137 136  
129 Central African Rep. $1,300 1.8% $4.60 61.3 3.6% 3,642,739 1.80% 103.81 118 117  
130 Bhutan $1,200 6.0% $2.50 NA 7.0% 2,094,176 2.15% 106.79 130 133  
131 Uganda $1,200 5.1% $29.00 37.4 3.5% 24,699,073 2.94% 89.35 131 134  
132 Tajikistan $1,140 8.3% $7.50 NA 33.0% 6,719,567 2.12% 114.77 128 137  
133 Liberia $1,100 5.0% $3.60 NA 8.0% 3,288,198 1.91% 130.21 129 142  
134 Benin $1,040 5.4% $6.80 NA 3.0% 6,787,625 2.91% 88.52 134 128  
135 Burkina Faso $1,040 4.7% $12.80 48.2 3.5% 12,603,185 2.64% 105.30 136 131  
136 Chad $1,030 8.0% $8.90 NA 3.0% 8,997,237 3.27% 93.46 138 141  
137 Rwanda $1,000 5.0% $7.20 28.9 5.0% 7,398,074 1.16% 117.79 143 155  
138 Kenya $1,000 1.0% $31.00 44.5 3.3% 31,138,735 1.15% 67.24 124 122  
139 Korea, North $1,000 -3.0% $21.80 NA NA 22,224,195 1.10% 22.80 141 140  
140 Mozambique $900 9.2% $17.50 39.6 10.0% 19,607,519 1.13% 138.55 139 138  
141 Guinea-Bissau $900 7.2% $1.20 NA 5.0% 1,345,479 2.23% 108.54 146 146  
142 Congo, Republic $900 4.2% $2.50 NA 3.0% 2,958,448 2.18% 97.91 133 123  
143 Madagascar $870 5.0% $14.00 46.0 7.0% 16,473,477 3.03% 81.90 150 150  
144 Zambia $870 3.9% $8.50 52.6 21.5% 9,959,037 1.90% 89.39 145 147  
145 Nigeria $840 3.5% $105.90 50.6 14.9% 129,934,911 2.54% 72.49 142 143  
146 Mali $840 -1.2% $9.20 50.5 4.5% 11,340,480 2.97% 119.63 147 148  
147 Yemen $820 4.0% $14.80 33.4 10.0% 18,701,257 3.40% 66.78 148 151  
148 Niger $820 3.1% $8.40 50.5 4.2% 10,639,744 2.70% 122.23 140 139  
149 Afghanistan $800 NA $21.00 NA NA 27,755,775 3.43% 144.76 149 149  
150 Eritrea $740 7.0% $3.20 NA 15.0% 4,465,651 3.80% 73.62 154 152  
151 Comoros $710 1.0% $0.42 NA 3.5% 614,382 2.99% 81.79 152 154  
152 Ethiopia $700 7.3% $46.00 40.0 6.8% 67,673,031 2.64% 98.63 156 159  
153 Malawi $660 1.7% $7.00 NA 28.6% 10,701,824 1.39% 119.96 144 144  
154 Tanzania $610 5.0% $22.10 38.2 5.0% 37,187,939 2.60% 77.85 153 160  
155 Burundi $600 1.4% $3.70 33.3 14.0% 6,373,002 2.36% 69.97 151 153  
156 Congo, Dem. Rep. $590 -4.0% $32.00 NA 358.0% 55,225,478 2.79% 98.05 157 157  
157 Somalia $550 3.0% $4.10 NA > 100% 7,753,310 3.46% 122.15 155 158  
158 East Timor $500 18.0% $0.42 38.0 NA 952,618 7.26% 51.99  
159 Sierra Leone $500 3.0% $2.70 62.9 15.0% 5,614,743 3.21% 144.38 158 161  

Footnotes: (Clicking on the footnote number brings to the corresponding place in the text).

(1) Notice that most of the financial data are compiled in 2002, but refer to the fiscal year 2001. Most population data are estimates for July 2002.

(2) The justification for this second clause is -- besides pruning the table to manageable length -- that communities consisting of a few tens of thousands of people should not be put on a par with nations of multi-million populations, if this table is supposed to highlight the living standards of most people on earth. For example, if all independent nations are entered, Luxembourg should be placed at the top with $43,400 GDP per capita, followed by the U.S.A., followed by Bermuda with $34,800. Also, the GDP per capita of nations of a few tens of thousands of people may vary widely from year to year.

(3) The construction of this table was fully automated: no numbers were typed in by hand. However, there is still a non-zero possibility for error. Please report errors (incompatibilities with the CIA data) to the email address given at the end of this page.

(4) People have complained that I do not include certain financial indices that seem important to them. This is a consequence both of my limited time, and also of the limited horizontal space on computer screens. Others complained (to me!) that the data do not reflect the reality in their country. Although this complaint should be directed to the CIA publications, it is unreasonable, nevertheless: numbers do reflect some part of the truth, if compiled with accuracy. In such cases it is probably the truth that hurts, not the numbers.

(5) But note that it is wrong to chain financial indices for any given country across years. The reason is that the methods of calculation may vary from year to year. (For a full explanation, go to the source data, ald locate the entry "GDP methodology".) For this reason I only compare relative positions of countries within my tables across years (always acc. to GDP per capita) in the right-most three columns. Note that my tables for 1999 and 1998 were shorter, so, positions after around the 60th for those years cannot be meaningfully compared with positions from the subsequent years.

(6) U.A.E. = United Arab Emirates.

(7) The island of Cyprus is divided into the southern part, where people are of Greek ethnicity, and the northern part, with people of Turkish ethnicity. Although only one nation is recognized officially by the international community, financial indices differ substancially between the two ethnicities, and the differences are shown by the first and second numbers in pairs, for the Greek and Turkish sides, respectively. The percentages that I used in order to calculate the weighted GDP per capita and population are: Gk: 86.8%, Tk: 13.2% (same source, check "Ethnic groups").

(8) F.Y.R.O.M. = Former Yugoslav Republic of Macedonia. Not simply "Macedonia" as erroneously referred to in many texts -- probably for brevity. ( Macedonia is a geographical region that overlaps with F.Y.R.O.M., but the two areas do not coincide; for example, the author was born in Macedonia, but not in F.Y.R.O.M.!)

(9) Otherwise known as Ivory Coast.



Last Updated on 10/23/2002
By
Harry Foundalis
Email:
hfoundal@indiana.edu