XPost: seattle.politics, alt.economics, ca.politics
XPost: or.politics, fl.politics

For idiots like Baxter who keep saying that the USA should be more
like UK, Germany, France, and Sweden.

from https://www.visualcapitalist.com/real-gdp-per-capita-growth-country-2014-2024/

Ranked: Real GDP Per Capita Growth by Country (2014-2024)Published 3
hours ago on April 7, 2025
By Pallavi Rao
Graphics/Design:
Sam Parker
See this visualization first on the Voronoi app.

Use This Visualization
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Real GDP Per Capita Growth by Country (2014-2024)
This was originally posted on our Voronoi app. Download the app for free
on iOS or Android and discover incredible data-driven charts from a
variety of trusted sources.

Key Takeaways
Canada saw only 1.1% growth in real GDP per capita between 2014–2024.
Its performance is second-worst amongst a group of 38 high-income economies. Measuring economic growth (and related standard of living improvement)
is always dogged by inflation worries—that price increases are masking
output falls (or stagnation).

For a meaningful comparison, we visualize real GDP per capita growth
across a group of peer economies, calculated from data in this OECD
database.

The dataset measures every country’s per capita output volumes every
year, seasonally-adjusted and indexed to 2007. This removes the
influence of prices on productivity growth.

ℹ️ The OECD is a group of mostly high-income countries that adhere to stricter data reporting guidelines which allows these metrics to be
calculated.

Canada’s Productivity Problems, Explained
Canada saw only 1.1% growth in real GDP per capita between 2014–2024

Its performance is second-worst amongst a group of 38 major economies.
Only Luxembourg (not visualized, but present in the dataset below) is worse. Search:
Country/Region Real GDP Per Capita,
2014–2024),
% Change
🇱🇺 Luxembourg 0.0
🇨🇦 Canada 1.1
🇲🇽 Mexico 3.9
🇦🇹 Austria 4.2
🇩🇪 Germany 4.4
🇫🇮 Finland 5.3
🇬🇧 UK 6.2
🇳🇴 Norway 7.0
🇨🇱 Chile 7.4
🇦🇺 Australia 7.5
Showing 1 to 10 of 40 entries
n Real GDP Per Capita,
2014–2024),
% Change
🇫🇷 France 7.5
🇨🇭 Switzerland 7.9
🇯🇵 Japan 8.6
🇮🇸 Iceland 9.0
🇸🇪 Sweden 9.3
🇧🇪 Belgium 10.7
🇨🇴 Colombia 10.8
🇳🇿 New Zealand 11.6
🇮🇹 Italy 12.9
🇪🇪 Estonia 14.1

Real GDP Per Capita,
2014–2024),
% Change
🇳🇱 Netherlands 15.2
🇪🇸 Spain 17.0
🇮🇱 Israel 17.2
🇬🇷 Greece 18.6
🇨🇿 Czechia 18.8
🇵🇹 Portugal 19.3
🇺🇸 U.S. 19.4
🇩🇰 Denmark 19.5
🇸🇰 Slovak Republic 24.4
🇰🇷 South Korea 25.2

Real GDP Per Capita,
2014–2024),
% Change
🇨🇷 Costa Rica 25.8
🇸🇮 Slovenia 27.8
🇱🇻 Latvia 31.2
🇭🇺 Hungary 32.6
🇱🇹 Lithuania 38.5
🇹🇷 Türkiye 41.8
🇵🇱 Poland 43.7
🇮🇪 Ireland 70.4
EU 14.7
OECD 14.8

Note: Figures are rounded in the graphic.
So, why has Canadian economic productivity nosedived in the last decade? There’s simple arithmetic at play here.

While its gross domestic product itself has grown around 17% in inflation-adjusted terms, so has its population.

As a result, its per capita GDP has barely moved in 10 years.

For context, real GDP per capita across the G7, EU, and OECD have all
grown 15% in the same time period.

Also What’s Going on With Ireland?
Ireland is the other outlier in this dataset, registering a 70% real GDP
per capita growth in 10 years.

This number may seem too good to be true. And that is because it is: Ireland’s GDP accounting is heavily influenced by external factors.

Profit shifting and the heavy influence of intellectual property assets
held by multinational corporations headquartered in the country both
inflate the GDP relative to actual economic activity within Ireland.

As a result, its per capita GDP (and growth) is also significantly inflated.

The Irish government itself prefers to use gross national income (GNI)
to measure economic progress.

Learn More on the Voronoi App
Want more peer comparisons for this group of high-income countries?
Check out: Annual Wages Compared Across the OECD to see where workers
earn the most.

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