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Nations with highest per capita income

Liechtenstein

July 24, 2008

Strange, as it might seem, the World Bank ranks nations, sometimes without giving their actual per capita income. No explanation is given by the World Bank, other than a footnote that says: �2007 data not available; ranking is approximate.'

However, information gleaned from other sources bears out the World Bank ranking.

So the nation with the highest per capita income in the world is Liechtenstein, a small country bordering Switzerland and Austria. Liechtenstein's per capita income is about $80,000 per annum.

The principality has an industrialised economy, with banking and financial services being the mainstay. Tourism too is a major revenue earner for the nation.

The personal income tax rates in Liechtenstein too are exceedingly low: basic income tax rate is 1.2 per cent on income up to 200,000 Swiss Francs, and maximum is 5 per cent on income over 2 million Swiss Francs a year.

Image: A sign at the border of the Principality of Liechtenstein with Switzerland. | Photograph: Fabrice Coffrini/AFP/Getty Images

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