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Nations with highest per capita income

Last updated on: October 9, 2010 11:26 IST

Nations with highest per capita income

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India's per capita income grew by 10.5 per cent to Rs 44,345 in 2009-10 against Rs 40,141 in the year-ago period, according to government data.

The World Bank, however, pegs India's per capita income at a much higher $1,180 per year. India ranks a poor 161st in the world in terms of per capita incomes.

The per capita income was slightly higher than Rs 43,749 as calculated by the Central Statistical Organisation in its advance estimates for FY10. However, per capita income grew by 5.6 per cent last fiscal if it is calculated on the basis of 2004-05 prices, which is a better way of comparison and broadly factors inflation.

Per capita income (at 2004-05 prices) stood at Rs 33,588 in FY10 against Rs 31,821 in the previous year, according to estimates of national income released.

Per capital income means income of each Indian if national income is evenly divided among the country's population of 117 crore (Rs 1.17 billion).

The size of the economy rose to Rs 62,31,171 crore (Rs 62.3 trillion) in the last fiscal, up 11.8 per cent over Rs 55,74,449 crore (Rs 55.7 trillion) in FY09.

According to the World Bank categories: Nations with per capita income (PCI) less than $935 are 'low income;' nations with PCI from $936 to $3,705 are 'lower middle income;' those with PCI from $3,706 to $11,455 are 'upper middle income;' and those with PCI from $11,456 or more are 'high income.'

So which are the nations with the highest per capita income in the world? And where does China stand? Click NEXT to read on . . . 


Image: The Indian economy has been on a roll for a while, yet per capita income in India is pathetically low compared to that in the rich nations.
Photographs: Reuters
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Nations with highest per capita income

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1. Monaco; per capita GDP: $203,900

Monaco, a major tourist resort in the Mediterranean, has the highest per capita income in the world at a breathtaking $203,900. That's more than 175 times the per capita income in India.

The Principality of Monaco has booming high value-add industries and a strong services sector. Monaco has no income tax, but it makes most of its money from being a tax haven.

Click NEXT to read on . . .