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.