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Top 10 Richest Island Countries

Among the countries that are located entirely on islands, which ones have the highest GDP per capita?
On islands = not on a continent. Islands can be shared by multiple countries
Includes countries that have small overseas territories on continents
Read about data and methodology: here
Last updated: February 17, 2019
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Keep scrolling down for answers and more stats ...
GDP per capita
Country
$90,182
Singapore
$76,600
Brunei
$72,177
Ireland
$53,268
Iceland
$50,522
Australia
$49,819
Taiwan
GDP per capita
Country
$46,846
Bahrain
$43,520
United Kingdom
$42,717
Malta
$42,398
Japan
$39,627
New Zealand
+10
level ∞
Feb 16, 2019
Ireland's high GDP is a little misleading. Apparently, a lot of big companies use Ireland as a tax shelter. This means that revenue is booked in Ireland, but doesn't actually filter through to the Irish economy. Google's tax avoidance arrangement is known as a "Double Irish With A Dutch Sandwich".
+1
level 56
Feb 16, 2019
That must be true with Ireland. Had a talk about this with an Irishman a few months ago (in Helsinki) and he strongly supported the same view.
+3
level 72
Feb 16, 2019
Yes, it's one of big topics of EU how to tax them properly, while the US cares a bit less, here's an amazing explanation:
U.S. congressional investigations into the tax practices of U.S. multinationals were aware of such BEPS tools for many years. However, the U.S. did not try to force the closure of the Double Irish BEPS tool [EU did] /.../ This approach by successive U.S. administrations is explained by an early insight that "low foreign tax rates [from tax havens] ultimately enhance U.S. tax collections"

Follow the links in Wikipedia article to find out more.
+2
level ∞
Feb 17, 2019
I'm a little skeptical. It's not like Google and Amazon are paying massive U.S. taxes either. But I can see how it's possible based on the information in the Wikipedia article.
+1
level 63
Feb 16, 2019
There is a typo instead of "methodology" in the explanatory text under the quiz title.
+1
level ∞
Feb 17, 2019
Fixed
+3
level 34
Feb 16, 2019
I can't believe I forgot my country of birth. Dishonor on my cow...
+1
level 76
Feb 17, 2019
+1
level 35
Feb 17, 2019
Brunei is not an Island Country---It is not the majority piece of land on an isolated mass.
+4
level ∞
Feb 18, 2019
The description and caveats are written in a way to indicate what we mean by island countries.
+2
level 58
Mar 24, 2019
Who doesn't love technically true caveats and methodology? I think that's why we all come here. The world needs far more legalese in its mental diversions.
+5
level 59
Feb 18, 2019
Actually, we are all island countries because america, eurasia and africa are giant islands.
+4
level 71
Feb 20, 2019
Nah, Afro-Eurasia is not an island - the oceans are just 1 big lake
+1
level 34
Mar 24, 2019
Why do some sources put Brunei at a GDP per capita at around $28,000 and others put it as one of the richest countries? Do they use different methods?
+1
level 56
Mar 24, 2019
Great Quiz! Take a look at this one, too: "15 Richest Island Nation Economies"
+1
level 76
Mar 24, 2019