Visualizing Europe’s GDP-Per-Capita By Country

Europe is home to some of the largest and most sophisticated economies in the world. But how do countries in the region compare with each other on a per capita productivity basis?

In this map, Visual Capitalist’s Pallavi Rao shows Europe’s GDP per capita levels across 44 nations in current U.S. dollars.

Data for this visualization and article is sourced from the International Monetary Fund (IMF) via their DataMapper tool, updated April 2024.

Europe’s Richest and Poorest Nations, By GDP Per Capita

Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by GDP per capita, all above $100,000.

Rank
Country
GDP Per Capita (2024)
1
Luxembourg
$131,380
2
Ireland
$106,060
3
Switzerland
$105,670
4
Norway
$94,660
5
Iceland
$84,590
6
Denmark
$68,900
7
Netherlands
$63,750
8
San Marino
$59,410
9
Austria
$59,230
10
Sweden
$58,530
11
Belgium
$55,540
12
Finland
$55,130
13
Germany
$54,290
14
UK
$51,070
15
France
$47,360
16
Andorra
$44,900
17
Malta
$41,740
18
Italy
$39,580
19
Cyprus
$37,150
20
Spain
$34,050
21
Slovenia
$34,030
22
Estonia
$31,850
23
Czech Republic
$29,800
24
Portugal
$28,970
25
Lithuania
$28,410
26
Slovakia
$25,930
27
Latvia
$24,190
28
Greece
$23,970
29
Hungary
$23,320
30
Poland
$23,010
31
Croatia
$22,970
32
Romania
$19,530
33
Bulgaria
$16,940
34
Russia
$14,390
35
Türkiye
$12,760
36
Montenegro
$12,650
37
Serbia
$12,380
38
Albania
$8,920
39
Bosnia & Herzegovina
$8,420
40
North Macedonia
$7,690
41
Belarus
$7,560
42
Moldova
$7,490
43
Kosovo
$6,390
44
Ukraine
$5,660
N/A
EU Average
$44,200

Note: Figures are rounded.

Three Nordic countries (Norway, Iceland, Denmark) also place highly, between $70,000-90,000. Other Nordic peers, Sweden and Finland rank just outside the top 10, between $55,000-60,000.

Meanwhile, Europe’s biggest economies in absolute terms, Germany, UK, and France, rank closer to the middle of the top 20, with GDP per capitas around $50,000.

Finally, at the end of the scale, Eastern Europe as a whole tends to have much lower per capita GDPs. In that group, Ukraine ranks last, at $5,660.

A Closer Look at Ukraine

For a broader comparison, Ukraine’s per capita GDP is similar to Iran ($5,310), El Salvador ($5,540), and Guatemala ($5,680).

According to experts, Ukraine’s economy has historically underperformed to expectations. After the fall of the Berlin Wall, the economy contracted for five straight years. Its transition to a Western, liberalized economic structure was overshadowed by widespread corruption, a limited taxpool, and few revenue sources.

Politically, its transformation from authoritarian regime to civil democracy has proved difficult, especially when it comes to institution building.

Finally, after the 2022 invasion of the country, Ukraine’s GDP contracted by 30% in a single year—the largest loss since independence. Large scale emigration—to the tune of six million refugees—is also playing a role.

Despite these challenges, the country’s economic growth has somewhat stabilized while fighting continues.