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Mapped: Europe’s GDP Per Capita, by Country (2024)
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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, we show 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.
RankCountryGDP 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.
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