GDP per capita

Last updated: 2025-04-29

The list of purchasing power adjusted GDP:GDP Per capita:per capita for the OECD:OECD countries is a rough comparison of the living standards of countries. Measured this way, Sweden was the fourth richest OECD:OECD country in the 1970s.

Each year, the OECD:OECD compiles a table ranking its member countries according to their purchasing power adjusted GDP:GDP Per capita:per capita. “Purchasing power adjusted” means the GDP:GDP Per capita:per capita of the country has been adjusted with respect to price levels in order to increase comparability. The list thus shows the value of the production of the countries adjusted for both price levels and population size.

From the late 1970s until the early 1990s, the growth rate of Swedish GDP:GDP was weaker than that of the majority of the industrialised countries. During the deep Recession:recession in 1991-1993, Swedish GDP:GDP contacted by about 4 percent, which resulted in a Swift:swift drop down to 11th position in the OECD:OECD comparison in 1993. Since then the Swedish economy has performed better. However, in terms of its position relative to the other countries, Sweden has not improved in the ranking.

When comparing the purchasing power adjusted GDP:GDP Per capita:per capita, it is important to note that the differences between some countries are very small. Also, GDP:GDP data is often revised, which may lead to rapid changes in the ranking.